American financier and hedge fund manager Ray Dalio was given the name Raymond Dalio at birth. He is the creator of Bridgewater Associates, one of the biggest investment companies in the world. He has held positions at Shearson Hayden Stone, Dominick & Dominick LLC, and the New York Stock Exchange. The essay “How the Economic Machine Works: A Template for Understanding what is Happening Now” was written by Dalio, who is also an author. He has written a book titled “Principles” that outlines his investment and business management philosophies based on his own self-evaluation and professional experiences. To further on Dalio’s accomplishments, he has previously been listed among the “100 Most Influential People in the World” by Time Magazine and the “50 Most Influential People” by Bloomberg Markets. According to Bloomberg, Dalio is one of the top 100 richest persons in the world as of February 2018. The American investor is a big philanthropist personally. He has signed on to the commitment made by Bill Gates and Warren Buffett, pledging to donate more than half of his wealth to philanthropic organizations during his lifetime. He has given millions of dollars to the David Lynch Foundation, an organization that supports and encourages research on Transcendental Meditation, through his Dalio Foundation.
Career of Ray Dalio
Ray Dalio began trading commodity futures at the New York Stock Exchange after he finished his education. He later worked as the Director of Commodities at Dominick & Dominick LLC before joining Shearson Hayden Stone in 1974 as a futures broker and trader.
He established Bridgewater Associates, his investment management company, in 1975. It is currently among the biggest hedge funds in the world. Before announcing his resignation in March 2017, Dalio was the company’s co-CEO for ten months. He was joined in his resignation by the fund’s co-CEO, Jon Rubinstein. He still served as an advisor, though.
In a 30-minute video titled “How the Economic Machine Works” posted on YouTube in 2013, Dalio discussed his economic views and investment strategies. The video has received roughly 4.8 million views as of the right moment. Other languages, such as Chinese, Japanese, Spanish, French, Italian, Russian, and German, have also been translated into this film.
Individual Life of Ray Dalio
The son of Marino Dallolio and his wife Ann, Ray Dalio was born on August 1, 1949, as Raymond Dalio in Jackson Heights, Queens, New York, USA. He went to Long Island University, where he majored in finance, and graduated. He afterward graduated from Harvard Business School with an MBA.
Since 1976 or 1977, Dalio has been married to Barbara. Four sons, including film director Paul Dalio, were born to the couple. Matthew A., a different kind of marriage, “Matt” Dalio is the CEO of the company that develops computer operating systems called Endless Mobile and the chairman and creator of the nonprofit China Care Foundation.
Ray Dalio’s Net Worth
Hedge fund manager and investor Ray Dalio is a multi-billionaire with a $16 billion net worth. The biggest hedge fund in the world, Bridgewater Associates, was founded by Ray Dalio. He has been the company’s co-chief investment officer since 1985. Dalio is regarded as a key inventor in the field of finance and is credited with popularizing concepts including risk parity, portable alpha, and currency overlay.