Celebrity Biographies
Ray Dalio Biography and Net Worth
Ray Dalio is an American billionaire investor and hedge fund manager.
Who is Ray Dalio?
Ray Dalio is an American billionaire investor and hedge fund manager. He co-founded and serves as the co-chief investment officer of Bridgewater Associates, which is the largest hedge fund in the world.
Bio Data
| Name | Ray Dalio |
| Gender | Male |
| Date of Birth | August 8, 1949 |
| Age | 74 years old |
| Place of Birth | Jackson Heights |
| Profession | Businessperson |
| Nationality | United States of America |
| Net worth | $15.4 Billion |
Ray Dalio Biography
Dalio was born and raised in New York City and later moved to Long Island at the age of eight with his parents, Ann and Marino. During his youth, he took on various jobs like mowing lawns and shoveling snow. Notably, he worked as a caddy at the Links Golf Club, where he interacted with Wall Street professionals.
His friendship with George Leib, a seasoned Wall Street figure, led to a job at Leib’s son’s trading firm. This marked Dalio’s entry into the world of investing. He made an early successful investment in Northeast Airlines, just before its merger. By high school, he had amassed a substantial investment portfolio.
Dalio pursued education at Long Island University and later earned an MBA from Harvard Business School in 1973.
Career
Ray Dalio, after graduating from Harvard, traded from a barn in Connecticut. He worked on the New York Stock Exchange and at Dominick & Dominick LCC, and Shearson Hayden Stone. Unhappy with the latter, he was let go.
In 1975, he founded Bridgewater Associates, starting as a wealth advisory firm. A report on global market trends and McDonald’s as a client propelled its growth.
Dalio gained fame after profiting from the 1987 stock market crash. Bridgewater became the world’s largest hedge fund by 2005, managing billions for major entities. Despite a looming financial crisis in 2007, they navigated it well. Assets grew to $160 billion by 2017. Dalio uses various investment strategies, keeping his portfolios confidential.
He’s active in philanthropy, supporting causes through the Dalio Foundation and advocating for health justice and ocean protection. As an author, he’s written books like “Principles: Life & Work” and “The Changing World Order: Why Nations Succeed and Fail.”
Net Worth
Ray Dalio, a billionaire investor, founded Bridgewater Associates, the world’s largest hedge fund, in 1975 and has an estimated net worth of $15.4 Billion.
He introduced influential financial practices. Starting his investment journey at 12, Dalio earned an MBA from Harvard Business School. He predicted the 2007 global financial crisis and holds a significant stake in Bridgewater.
Personal Life
Dalio married Barbara and they have four sons Devon, Paul, Matthew, and Mark. Tragically, Devon passed away in a car accident in 2020. They reside in Greenwich, Connecticut and he practices transcendental meditation.
FAQs
Q: Who is Ray Dalio?
A: Ray Dalio, an American billionaire investor, has co-chefs the world’s biggest hedge fund, Bridgewater Associates, since 1985. He established Bridgewater in 1975 in New York.
Q: What are some of Ray Dalio’s notable achievements?
A: Ray Dalio is known for popularizing financial practices like currency overlay, portable alpha, and risk parity. He successfully predicted the global financial crisis in 2007 and has amassed significant wealth through Bridgewater Associates.
Q: How did Ray Dalio start his career in finance?
A: Ray Dalio began investing at the age of 12 by buying stocks. He later graduated from Long Island University and earned an MBA from Harvard Business School. He gained experience at the New York Stock Exchange and in commodity futures before founding Bridgewater in 1975.
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