Ray Dalio

Ray Dalio
Born	(1949-08-08) August 8, 1949 Jackson Heights, Queens, New York, US
Residence	Greenwich, Connecticut
Nationality	American
Alma mater	Long Island University Harvard Business School
Occupation	Founder and CEO, Bridgewater Associates
Net worth	US$15.6 billion (February 2016)

Ray Dalio (born August 8, 1949) is an American businessman and founder of the investment firm Bridgewater Associates.

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. According to Forbes, he was the 30th richest person in America and the 69th richest person in the world with a net worth of $15.2 billion as of October 2014.

Early life

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.

Education

Dalio received his BS in Finance from Long Island University (CW Post) and an MBA from Harvard Business School.

Career

After completing his education, Dalio worked on the floor of the New York Stock Exchange 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.

In 2007, he predicted the global financial crisis, and in 2008 published an essay, "How the Economic Machine Works; A Template for Understanding What is Happening Now", which explained his model for the economic crisis.

In 2011, he self-published a 123-page volume called Principles, which outlined his logic and personal philosophy for investments and corporate management based on a lifetime of observation, analysis and practical application through his hedge fund.

In 2013, Dalio began sharing his "investment secrets" and economic theories on YouTube via a 30-minute animated video which he narrates, called How The Economic Machine Works; the video has since been viewed over 2.7 million times, and has been translated and made available in Japanese, Chinese, Russian, Spanish, German, Italian and French.

Personal

Dalio was the only child of Italian American parents. He resides with his wife in Greenwich, Connecticut, and is known to practice the Transcendental Meditation technique.

In April 2011, together with his wife Barbara, Dalio joined Bill Gates and Warren Buffett's Giving Pledge, vowing to donate more than half his fortune to charitable causes within his lifetime.

In 2014, Dalio was listed as the wealthiest person in the state of Connecticut, with an estimated net worth of $14.3 billion.

External links

• Profile at Forbes
• "Most Influential 50 People in Global Finance" Bloomberg Markets, September 7, 2011
• "Mastering the Machine" New Yorker, July 25, 2011
• "In Punishing Year for Hedge Funds, Biggest One Thrived" The New York Times, January 26, 2012
• "Ray-man running hedge fund in his own image" Financial Times, March 2, 2012
• "Ray Dalio Quotations"
• Ray Dalio: How The Economic Machine Works (video) on YouTube