How rich is Ray Dalio?
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Ray Dalio Net Worth, Wiki & Biography in 2017
Raymond T. Dalio was born on the 1st August 1949 in Jackson Heights, in the community of Queens, New York City, USA, of Italian and American ancestry. As Ray Dalio, he is best known for being the founder of the investment firm Bridgewater Associates, which is the main source of his wealth, and as such is being rated as one of the top 100 most influential people in the world. He has been active since 1961.
A well-known American businessman, how rich is Ray Dalio as of 2015? Bloomberg Markets, Time magazine and Forbes have estimated that Dalio’s net worth is currently over $15 billion, making him the 69th richest person in the world, and 30th wealthiest man in America. Obviously, all his wealth is being accumulated through his investments in shares of major companies.
Ray Dalio Net Worth $15 Billion
Ray Dalio was raised in New York City, the only child in a working class family. His mother was a homemaker and father was a jazz musician. When he was eight years old, they moved to Manhasset, Long Island, and Ray graduated from Long Island University with a BA, before completing his education with a Master Business Administration (MBA) degree from Harvard School of Business. As 12-year-old, Dalio had started earning money by caddying at the Links Golf Club, an exclusive course of golf, and was able to save $300 from his earnings which he invested by buying shares in Northeast Airlines, quickly tripling his initial investment and realizing an opportunity to earn great profit on a minimal investment. Consequently, Dalio became very interested in that kind of business. He started reading the annual reports of major companies, and became occupied with discussions with and between older investors, and in that way he learned the basic principles of investing. Dalio’s net worth was rising, and by the time he graduated from high school, his net worth was several thousand dollars, a significant amount for a teenager in the late ’60s.
After completing his education, in 1971 Dalio decided to start working as a clerk in the New York Stock Exchange, and then he continued to work as the Director of Commodities at Dominick & Dominick LLC. A year after, in 1975, he founded Bridgewater Associates, an investment management company, which was considered to be the largest hedge fund in the world by 2012. As of November 2015, the company manages $155 billion. Bridgewater Associates was recognized for having earned its clients more than any other hedge fund in the history of the industry. – the company has its own newsletter called “Daily Observations”.
He is also known as a businessman who predicted the global financial crisis in 2007, and wrote an essay – “How the Economic Machine Works; A Template for Understanding What Is Happening Now” – that explained his personal philosophy and model for the economic crisis. In 2013, Dalio opened his own YouTube channel, on which he started sharing videos of his economic theories and “investment secrets”, named “How The Economic Machine Works”. The videos have gained enormous popularity, with over two million reviews, and has been translated into many different languages, such as German, Spanish, Italian, French, Japanese and so on. All these have had a positive effect on his net worth.
If to talk about Dalio’s personal life, With his wife Barbara Dalio he has been married for 38 years. They have four sons and live in Greenwich, Connecticut. It can be said that he is a noted philanthropist, as with many other billionaires. In 2011, he and Barbara together decided to join Warren Buffet and Bill Gates, and sign The Giving Pledge, by building a huge philanthropic foundation, named the Dalio Foundation, and giving half of his fortune to charity during his life. In his spare time, he enjoys music, and is known as a practitioner of the Transcendental Meditation technique. Besides that, he enjoys hunting and fishing, too.
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