Home Billionaires Ray Dalio; Forbes 86th Richest Man On Earth

Ray Dalio; Forbes 86th Richest Man On Earth

by odoomebenezeryaw
  • Full Name: Ray Dalio
  • Date of Birth: August 8, 1949
  • Age: 74 years old (as of September 1, 2023)
  • Source of Wealth: Hedge funds (Self Made)
  • Self-Made Score: 8 (indicating a highly self-made billionaire)
  • Philanthropy Score: 3
  • Residence: Greenwich, Connecticut, United States
  • Citizenship: United States
  • Marital Status: Married
  • Children: 4
  • Education: Master of Business Administration (Harvard Business School), Bachelor of Arts/Science (Long Island University)

Biography: Ray Dalio is a renowned American billionaire, investor, and entrepreneur, best known as the founder of Bridgewater Associates, the world’s largest hedge fund firm. Born on August 8, 1949, in the United States, he has had a remarkable career in the world of finance and investment.

Ray Dalio’s journey into the world of finance began at an early age when he started playing the markets at just 12 years old. He gained insights and tips from golfers for whom he worked as a caddy in his middle-class Long Island neighborhood. This early exposure to financial markets ignited his passion for investing.

After earning his Master of Business Administration (MBA) from Harvard Business School in 1975, Dalio launched Bridgewater Associates from his two-bedroom apartment in New York City. Under his leadership, Bridgewater grew to become one of the most influential and successful hedge fund firms in the world, managing a substantial portfolio of assets.

Dalio’s impact on the world of finance extends beyond his role as a hedge fund manager. He authored the book “Principles: Life & Work,” published in 2017, which became a New York Times bestseller. This book codifies his principles for success in life and work, offering valuable insights into his approach to investment and decision-making.

In terms of philanthropy, Ray Dalio has made substantial contributions to various causes through his Dalio Philanthropies. His philanthropic efforts have supported initiatives in microfinance and public education, and he has donated more than $1 billion to charitable causes.

As of September 1, 2023, Ray Dalio is ranked as the 86th richest person in the world, with a reported net worth of $19.1 billion, according to Forbes. His career in finance, innovative principles, and philanthropic endeavors have left a lasting impact on both the business and charitable sectors, making him a respected figure in the global financial community.

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