Who is Ray Dalio and what is his net worth 2018? Ray Dalio is one American based hedge fund administrator, investor, and philanthropist. This celebrity stayed as the originator of investment firm named as Bridgewater Associates, recognised as one of the major hedge funds of world. Get complete details of net worth for Ray Dalio below:
Raymond Dalio belonged to Jackson Heights, in Queens, located in New York. This person is considered to be a son of popular jazz musician named Marino Dallolio, who performed saxophone and clarinet at Manhattan based jazz clubs like Copacabana, and Ann, who is just a homemaker. It is known that Dalio started investing at an early age of 12. At such a young age this investor purchased shares of well-known Northeast Airlines for worth of $300 as well as he trebled his investment after airline united with another firm. Glancing at his education, Dalio obtained a bachelor’s degree in field of finance he also completed MBA.
After Dalio completed his education, he served on New York Stock Exchange as well as capitalised in commodity futures. Later he served as the Director of Commodities, adding to his fame. In year 1974, he turned out as a futures dealer as well as worked as dealer at Shearson Hayden Stone. In the next year, he established Connecticut founded investment management organisation, named as Bridgewater Associates. In year 2012, this firm transformed as the biggest hedge fund across the world, what you see today, with more than $160 billion including properties under management, till year 2014.
Apart from being an investor, in year 2011, he worked to self-publish a 123 page based volume named Principles. This volume sketched his logic as well as individual attitude for investments as well as management depended on a lifespan of observation, investigation and practical implementation by his popular hedge fund.
In year 2013, Dalio started to share his secrets of investments as well as shared his economic philosophies on youtube through an animated based video which he describes, named as How The Economic Machine Works. The particular video has then after been watched more than 3.8 million times, and it was translated as well as distributed in Russian, Japanese, German, Chinese, Spanish, Italian and French languages.
It was in year 2012 that Dalio made appearance on annual Time 100 list of the 100 most influential people all over the world. In years 2011 as well as 2012, this celebrity was ranked by Bloomberg Markets as one among the 50 Most Influential people, adding to his fame. Recently, before few months, Dalio declared that he would now resign from the position of co-CEO of Bridgewater as share of a firm-wide shake-up. Later Jon Rubinstein, i.e co-CEO of the fund, was declared to step down along Dalio, however would maintain an advisory role too.
Dalio stays with wife named Barbara, whom he married in 1976/77 in Greenwich, located in Connecticut, and is believed to apply Transcendental Meditation technique. This couple have four sons and their eldest son named as Paul is recognised as a film director. The couple’s second son, Matthew is known to be a founder and chairperson of the China Care Foundation, which is essentially a non-profit based organisation that works to help Chinese based orphans.
Ray Dalio Net worth
Net worth for this great investor and hedge fund administrator – Ray Dalio is $17 Billion. He is recognised as founder of the biggest hedge fund based firm named as, Bridgewater Associates, which attempts to manage $160 billion. His large Pure Alpha hedge fund finished 2016 up by 2.5%; as well as his All Weather fund was known to be up by 11.6%. In year 2011, he with his wife Barbara, teamed up with Bill Gates as well as Warren Buffett’s Giving Pledge, promising to donate over half of his fortune behind charitable causes in his time.
Ray Dalio is an excellent investor and hedge fund administrator even at this age. He has a fortune in billions, making him 30th richest person in entire America as well as the 69th richest person all over the world.