Hedge fund manager and generous donor Ray Dalio live in the United States. The world’s largest hedge fund, “Bridgewater Associates,” has had him on staff as co-chief investment officer since 1985. Dalio founded the multibillion-dollar firm in 1975, and within a decade, the World Bank’s fund invested $5 million in it.
Despite living to be 73 years old, he expected to be the 79th richest person in the world because of his billion-dollar inheritance. Before joining Dominick & Dominick LLC, he worked for the New York Stock Exchange and Shearson Hayden Stone.
He is also a writer, with his book “Principles: Life & Work” being on the 2017 New York Times best-seller list. Ray Dalio has pledged more than half of his fortune to philanthropic organizations throughout his lifetime, following in the footsteps of Warren Buffett and Bill Gates.
Dalio has more than 565k Instagram followers (@raydalio) and more than 556k Twitter followers (@RayDalio), demonstrating his extensive social media presence.
What is the Net Worth of Ray Dalio? Salary, Earnings
As a result of his years of experience managing hedge funds, Ray Dalio now possesses considerable wealth. Dalio started selling commodities futures on the New York Stock Exchange and has since amassed a billion-dollar fortune, making him one of the world’s wealthiest people.
As the founder of Bridgewater Associates, which manages about $140 billion, Dalio has accumulated a fortune of about $16 billion. This makes him the world’s 69th richest man and 26th on the list of the 400 wealthiest people compiled by Forbes.
According to reports, Dalio earned $1.1 billion in 2014 between his daily compensation of $5.5 million and his portion of the firm’s management and performance fees, cash remuneration, and stock and option awards.
He has pledged $100 million to the public schools of Connecticut and given away more than $850 million to charity. His business and charitable endeavors have simultaneously brought him wealth, notoriety, and acclaim.
Where was Ray Dalio born? Ethnicity, Nationality, Family, Education
New York City is where Ray Dalio’s birth took place on August 8, 1949, making him an American. His given name is Raymond Thomas Dalio. He was born in the United States. Dalio was born under the sign of the Lion and is of White and Italian descent.
Ray Dalio is the son of Marino and Ann Dallolio, both New York City residents. He was born in the Jackson Heights neighborhood. His father, Marino, was a clarinetist and saxophonist who performed at Manhattan jazz clubs like the Copacabana, while his mother, Ann, stayed at home to raise their son.
Although he came from a musical background, Dalio went into business independently. When he was 12, he made his first investment: a $300 stock purchase in Northeast Airlines.
Three years later, when the airline merged with another, his investment had grown to $900. Since then, he has vowed to stay in the same field and eventually earn $1,000,000 in salary.
He got his undergraduate degree in finance from Long Island University (C.W. Post College) and his graduate degree in business administration from Harvard Business School in 1973.
Quick Facts
| Net Worth: | $16 Billion |
|---|---|
| Age: | 73 |
| Born: | January 1, 1949 |
| Gender: | Male |
| Height: | 1.76 m (5 ft 9 in) |
| Country of Origin: | United States of America |
| Source of Wealth: | Professional Investor |
Is Ray Dalio Married? Relationship
Barbara Dalio is the one and only wife of Ray Dalio. Ray wed the American descendant of sculptor Gertrude Vanderbilt Whitney in 1976; her name is Barbara Vanderbilt Whitney. They’ve been married for nearly four decades now, and their four boys are named Devon, Paul, Matthew, and Mark.
Paul Dalio, his second son, is a filmmaker, while his firstborn, Devon, was killed in a car crash when he was 42 years old. Mark is the youngest sibling and a wildlife cameraman in addition to establishing and leading the China Care Foundation.
Grandpa Ray, Grandma Ray, and their offspring are living it up. Plus, he already had Barrett’s esophagus at that point.
How tall is Ray Dalio? Weight, Hair Color
Ray Dalio, in his 70s, is a handsome man with a healthy, average body. He is tall, measuring in at 5 feet, 7 inches (1.76 meters), and weighing in at 85 kg. His height, width, and depth are all 35 inches, and his shoe size is 8. His hair and eyes are both blonde, yet his skin is fair.
How did Ray Dalio start his Professional Career?
During his early years in the business world, Ray Dalio sold commodity futures on the floor of the New York Stock Exchange. Dominick & Dominick LLC hired him as their Director of Commodities after that.
In 1974, he joined Shearson Hayden Stone as a futures trader and broker. In 1976, he launched Bridgewater Associates from his NYC apartment after working as an investment manager for a year. Its first office, in Westport, Connecticut, opened in 1975; by 2005, it had grown to become the largest hedge fund in the world.
After 10 months at the helm, Dalio stepped down as co-CEO in March 2017. Dalio released “How the Economic Machine Works: A Template for Understanding What’s Happening Now” in 2008, an article that discussed the potential of diverse economies.
In 2011, he released a 123-page book called “Principles” that detailed his approach to the stock market. In 2012, he was named one of Time magazine’s 100 most influential people in the world.
Principles: Life & Work, his 2017 book on the philosophy of corporate management and investments, was a New York Times bestseller.
In 2013, Ray Dalio uploaded a 30-minute video on YouTube titled “How the Economic Machine Works” in which he discussed his economic views and financial strategies.
He also started a charity called “The Dalio Foundation,” which helped TED’s Audacious Project get off the ground in 2018. He has channeled millions of dollars in donations through the foundation to the David Lynch Foundation, which supports and promotes TM-related scientific inquiry.
Awards
- Honored with the American Academy of Achievement’s Golden Plate Award
- Listed as one of 2017’s top business books
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