Ray Dalio
| Ray Dalio | |
|---|---|
| Born |
August 8, 1949 New York, New York, U.S. |
| Residence | Greenwich, Connecticut, U.S. |
| Nationality | American |
| Alma mater |
Long Island University Harvard University |
| Occupation | Investor, hedge fund manager, and philanthropist |
| Known for | Leadership of Bridgewater Associates |
| Net worth | US$15.9 billion (February 2017) |
Ray Dalio (born August 8, 1949) is an American investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world's largest hedge funds.
In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor’s Alpha ranked him No. 2 on their 2012 Rich List. Dalio has a fortune of $15.9 billion USD making him the 30th richest person in America and the 69th richest person in the world.
Dalio was born in Jackson Heights, Queens, New York, United States. The son of a jazz musician, Dalio began investing at age 12. At this young age he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company. Dalio received a bachelor's degree in finance from Long Island University (CW Post) and an MBA from Harvard Business School.
After completing his education, Dalio worked on the floor of the and invested in commodity futures. He later worked as the Director of Commodities at Dominick & Dominick LLC. In 1974, he became a futures trader and broker at Shearson Hayden Stone. In 1975, he founded the Westport, Connecticut based investment management firm, Bridgewater Associates which in 2012 became the largest hedge fund in the world, as it is today, with over $160 billion in assets under management, as of October 2014.
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