August 8, 1949 |
New York City, US
|Alma mater||Long Island University
Harvard Business School
|Occupation||Founder and CEO, Bridgewater Associates|
|Net worth||US$15.9 billion (July 2016)|
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 and educaton
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.
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 3.2 million times, and has been translated and made available in Japanese, Chinese, Russian, Spanish, German, Italian and French.
In 2014, Dalio was listed as the wealthiest person in the state of Connecticut, with an estimated net worth of $14.3 billion.
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- Wealth-X: Wealthiest Individual in Each U.S. State
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- Ray Dalio on Charlie Rose
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- "Ray Dalio Quotations"
- on YouTube