Ray Dalio is an American billionaire hedge fund manager and philanthropist who is well known for serving as the co-chief investment officer of the world’s largest hedge fund, “Bridgewater Associates” for over 35 years now since 1985. Dalio founded the billion worth company in 1975 and within 10 years, the company was infused with a US$5 million investment from the World Bank’s fund.
In his life-tenure of 70 years, he saw himself becoming the 79th wealthiest person in the world in 2020 with his billion-worth fortune. Previously, he has worked at the New York Stock Exchange, Dominick & Dominick LLC, and Shearson Hayden Stone as well.
He is also an author who wrote a book titled “Principles: Life & Work” that was featured on the New York Times’ best-seller list in 2017. He has done several philanthropist works including the Warren Buffett and Bill Gates’ pledge, promising to give more than half of his fortune to charitable foundations within his lifetime.
Besides, Dalio is active on social media sites with over 565k followers on Instagram:@raydalio and over 556k followers on Twitter: @RayDalio
What is Ray Dalio Famous for?
- Famous as a billionaire hedge fund manager.
- Known as the co-chief investment officer of the world’s largest hedge fund, “Bridgewater Associates”.
Where was Ray Dalio Born?
Ray Dalio was born on August 8, 1949, in New York City, New York, United States. His birth name is Raymond Thomas Dalio. His nationality is American. Dalio belongs to White ethnicity and is of Italian descent while Leo is his zodiac sign.
Ray Dalio was born in the Jackson Heights neighborhood of New York City as the son of his parents; Marino Dallolio(father) and Ann Dallolio(mother). His father, Marino was a jazz musician who played the clarinet and saxophone at Manhattan jazz clubs; Copacabana while his mother, Ann was a homemaker.
Born in a family with a musical background, Dalio chose to be on his own path to become a businessman. He started investing at age 12 when he bought shares of Northeast Airlines for $300 and was shocked when his investment was tripled after the airline merged with another company. Ever since then he made his mind to earn million worth working in the same sector.
He attended Long Island University(C.W. Post College) from where he got graduated earning a bachelor’s degree in finance later graduating with an M.B.A. degree from Harvard Business School in 1973.
Source: @blog.tm.ch.org
Ray Dalio’s Career Highlights
- Ray Dalio started his professional career initially working on the floor of the New York Stock Exchange and traded commodity futures.
- He then worked as the Director of Commodities at Dominick & Dominick LLC.
- He eventually became a futures trader and broker at Shearson Hayden Stone in 1974.
- A year later, he founded investment management firm Bridgewater Associates out of his apartment in 1975. 6 years later, its office was opened in Westport, Connecticut in 1981, eventually becoming the world’s largest hedge fund in 2005.
- Dalio served as the co-CEO of the firm for ten months but left the position in March 2017.
- In 2008, Dalio published an essay related to the potential of various economies, “How the Economic Machine Works: A Template for Understanding What is Happening Now”.
- In 2011, he self-published a 123-page volume related to his philosophy of investment, “Principles”.
- He was enlisted in the Time 100 list of the 100 most influential people in the world in 2012.
- He is also the author of the 2017 book, “Principles: Life & Work”, about corporate management and investment philosophy which was even featured on The New York Times bestseller list.
- He shared his economic theories and investment secrets on YouTube through a 30-minute video titled “How the Economic Machine Works” in 2013.
- He is also the founder of “The Dalio Foundation” which has supported the 2018 launch of TED’s Audacious Project. Through the foundation, he has directed millions of dollars in donations to the David Lynch Foundation, an organization that sponsors and promotes research on Transcendental Meditation.
Awards
- Received the Golden Plate Award of the American Academy of Achievement
- Enlisted among the 13 Best Business Books of 2017
Source: @sheltonherald
Ray Dalio’s Wife
Ray Dalio is married to his only wife, Barbara Dalio. Barbara is an American descendant of sculptor Gertrude Vanderbilt Whitney with whom Ray got married in 1976. Since then the couple has been living for over 40 years together and even shares 4 sons; Devon, Paul, Matthew, and Mark.
His first son, Devon-born in 1978 was killed in a car accident at age of 42, while his second son, Paul Dalio is a film director third son Matthew is the founder and chairman of the China Care Foundation, and the youngest one, Mark is a wildlife filmmaker.
Ray is living a luxurious lifestyle along with his wife and grandchildren. Besides, he suffered from Barrett’s esophagus back then.
Source: @courant
Ray Dalio’s Net Worth
Ray Dalio has quite great earnings from his successful career as a hedge fund manager. Having his career started initially at the New York Stock Exchange and traded commodity futures, Dalio has managed to come a long way up becoming one of the wealthiest personalities in the world with his billion worth of fortune in his decade-long career.
Being the founder of the world’s biggest hedge fund firm, Bridgewater Associates, which manages roughly $140 billion, Dalio has undoubtedly managed to earn a fortune which is estimated to be around $18.6 billion, thus making him the 69th richest person in the world and 26th on the Forbes 400 list.
Dalio reportedly earned $1.1 billion in 2014, including a share of his firm’s management and performance fees, cash compensation, and stock and option awards, earning about $5.5 million every day. He even has given more than $850 million to philanthropic causes and had pledged $100 million to help public schools in Connecticut. Not only his business work but also his philanthropist’s work has earned him money fame and recognition all at the same time.
Source: @metacritic
Ray Dalio’s Height
Ray Dalio is a good-looking man with a well maintained average body physique in his 70s. He stands tall with a height of 5ft. 7inches.(1.76m) while his body weighs around 85kg. He has a body physique of measurement of 35-34-35 inches with 8(US) as his shoe size. He has a fair complexion with blonde hair and dark brown eyes.
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