Ray Dalio
Overview
- Source of Wealth
- Hedge funds
- Industry
- Finance & Investments
- Residence
- Greenwich, Connecticut
- Organization
- Founder & CIO Mentor at Bridgewater Associates
- Education
- Harvard Business School (Master of Business Administration)Long Island University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 4
Biography
Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which now manages $92 billion.
Dalio stepped down as CEO in 2017, retired as co-CIO in 2022 and sold off his full stake in the firm by 2025.
Dalio grew up in a middle-class Long Island neighborhood and started playing the markets at age 12, getting tips from golfers for whom he caddied.
In 1975, after earning an MBA from Harvard Business School, he launched Bridgewater from his two-bedroom New York City apartment.
Dalio has given more than $1 billion to philanthropic causes. His Dalio Philanthropies has supported microfinance and public education.
About
In 2017, Dalio published "Principles: Life & Work," a New York Times bestseller that codifies his principles.
Bridgewater is known for its culture of "radical transparency," including encouraging dissent, openly airing disagreements and recording all meetings.