| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $16 billion | N/A | August 8, 1949 | Queens, New York City | Male | N/A | Hedge Fund Manager, Investor | American |
What is Ray Dalio’s Net Worth?
Ray Dalio, a billionaire hedge fund manager and investor, has a net worth of $16 billion. He is best known for founding Bridgewater Associates, the world’s biggest hedge fund. Dalio has played a significant role in shaping and popularizing innovative financial practices such as currency overlay, portable alpha, and risk parity.
Highlights
– Ray Dalio has a net worth of $16 billion.
– He is the founder of Bridgewater Associates, the world’s largest hedge fund.
– Known for popularizing innovative financial practices.
Early Life
Ray Dalio was born on August 8, 1949, in Queens, New York City. He grew up in Manhasset, Long Island, where he had various odd jobs, including working as a caddy at a golf club frequented by Wall Street professionals. Dalio developed an early interest in investing and achieved success by buying shares of Northeast Airlines before its merger with another company. He attended Long Island University and later earned an MBA from Harvard Business School in 1973.
Career
After graduating from Harvard, Dalio traded commodity futures on the New York Stock Exchange. He held positions at Dominick & Dominick LCC and Shearson Hayden Stone before founding Bridgewater Associates in 1975. Bridgewater Associates started as a wealth advisory firm and later became the largest hedge fund in the world. Dalio’s investment strategies, including the use of risk parity and quantitative methods, have contributed to his success.
Personal Life
Ray Dalio married Barbara after graduating from Harvard. They have four sons together. Dalio enjoys outdoor activities such as fishing and hunting, particularly with a bow. He is also known for practicing transcendental meditation.
Net Worth Over Time
Ray Dalio’s net worth has grown significantly over the years. As of now, his net worth is estimated to be $16 billion. He earned approximately $15 billion in profits from Bridgewater Associates between 2010 and 2020, and around $1.5 billion between 2005 and 2009.
Components of Net Worth
Ray Dalio owns approximately 79% of Bridgewater Associates Intermediate Holdings, which administers about $150 billion worth of assets. His net worth is primarily derived from his ownership stake in the company.
Note: All net worth figures are based on available public information and are subject to change.
Sources:
– Celebrity Net Worth (www.celebritynetworth.com)