American entrepreneur Ray Dalio is well known for his investment firm, Bridgewater Associates.
What is the Net Worth of Ray Dalio? Salary, Earnings
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As of November 2023, Ray Dalio’s net worth was approximately $16 billion.
Ray Dalio is an American billionaire hedge fund manager and philanthropist. Since 1985, he has been the co-chief investment officer of “Bridgewater Associates,” the largest hedge fund in the world. Dalio founded the billion-dollar company in 1975, and within ten years, the World Bank’s fund invested $5 million in it.
Despite his 73-year life expectancy, he projected himself to be the 79th richest individual in the world by 2022, thanks to his billion-dollar fortune. He previously worked for the New York Stock Exchange, Dominick & Dominick LLC, and Shearson Hayes Stone.
In 2017, his book “Principles: Life & Work” appeared on the New York Times’ list of best-sellers. Ray Dalio has participated in numerous philanthropic activities, including the Warren Buffett and Bill Gates pledge to donate more than half of his wealth to charitable foundations during his lifetime.
Ray Dalio has garnered a significant fortune through his successful career as a hedge fund manager. Dalio began his career at the New York Stock Exchange, where he sold commodity futures, and has since become one of the world’s wealthiest individuals, accumulating a $1 billion fortune throughout his decade-long career.
Dalio has amassed a fortune of over $16 billion as the founder of Bridgewater Associates, the world’s largest hedge fund firm, which manages approximately $140 billion. This makes him the 69th wealthiest individual on the planet and the 26th on the Forbes 400.
Dalio reportedly earned $1.1 billion in 2014, including a portion of his firm’s management and performance fees, cash remuneration, stock and option awards, and an average daily salary of $5.55 million.
Additionally, he has donated more than $850 million to charitable causes and offered $100 million to support public institutions in Connecticut. His philanthropic efforts and commercial endeavors have earned him wealth, renown, and recognition simultaneously.
Where was Ray Dalio born? Ethnicity, Nationality, Family, Education
Ray Dalio was born on August 8, 1949, in New York City, United States. Raymond Thomas Dalio is the given name of this individual. He has U.S. citizenship. Dalio is of White and Italian descent, and his astrological sign is Leo.
Ray Dalio was born in the Jackson Heights neighborhood of New York City to parents Marino and Ann Dallolio. Ann was a stay-at-home parent, while his father, Marino, was a jazz musician who played clarinet and saxophone in Manhattan jazz venues such as Copacabana.
Dalio was born into a musical family, but he opted to pursue a career in commerce. At the age of 12, he purchased $300 worth of Northeast Airlines stock and was astonished when the company merged with another airline, tripling his investment. Since then, he has aimed to work in the same industry and earn $1 million.
He attended Long Island University (C.W. Post College) and received a bachelor’s degree in finance before attending Harvard Business School and earning an MBA in 1973.
| 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 Ray Dalio’s one and only wife. In 1976, Ray wed Barbara Vanderbilt Whitney, a descendant of the sculptor Gertrude Vanderbilt Whitney.
Since then, the couple has been married for nearly 40 years and has produced four sons: Devon, Paul, Matthew, and Mark.
Devon Dalio, born in 1978, perished at the age of 42 in a vehicle accident, whereas his second son, Paul Dalio, is a film director. Mark, the youngest, is a wildlife videographer and is the founder and chairman of the China Care Foundation.
Ray, his wife, and his grandchildren enjoy a luxurious lifestyle. Moreover, he suffered from Barrett’s esophagus at the time.
How tall is Ray Dalio? Weight, Hair Color
Ray Dalio is a handsome man in his seventies with an average body build. He is a tall male with a height of 5ft 7 inches (1.76m) and a weight of 85kg. His body dimensions are 35-34-35 centimeters, and he wears size 8 (US) shoes. He has a pale complexion, blonde hair, and dark brown eyes.
How did Ray Dalio start his Professional Career?
A well-known billionaire hedge fund manager. Known as the co-chief investment officer of “Bridgewater Associates”, the largest hedge fund in the world.
In 2012, David Rubenstein, co-founder of the Carlyle Group, presented Dalio with the Golden Plate Award of the American Academy of Achievement at the International Achievement Summit in Washington, D.C.
Ray Dalio’s Prominent Career Moments:
- Ray Dalio began his professional career on the floor of the New York Stock Exchange, where he traded commodity futures.
- He later held the position of Director of Commodities at Dominick & Dominick LLC.
- Ray Dalio became a futures trader and underwriter for Shearson Hayes Stone.
- He founded the investment management firm Bridgewater Associates in his apartment a year later. In 1981, its office was established in Westport, Connecticut, and by 2005, it had become the largest hedge fund in the globe.
- Dalio served as co-CEO of the company for ten months before leaving in March 2017.
- Dalio published the essay “How the Economic Machine Works: A Template for Understanding What’s Happening Now” regarding the potential of various economies.
- In 2011, he self-published “Principles”, a 123-page book detailing his investment philosophy.
- In 2012, he was included on Time’s list of the 100 most influential persons in the globe.
- He is also the author of “Principles: Life & Work”, a 2017 book about corporate management and investment philosophy that made The New York Times bestseller list.
- In 2013, Ray Dalio revealed his economic theories and investment strategies in a YouTube video titled “How the Economic Machine Works”
- He is also the founder of “The Dalio Foundation”, which has supported the 2018 inauguration of TED’s Audacious Project. He has donated millions of dollars through the foundation to the David Lynch Foundation, an organization that supports and promotes research on transcendental meditation.
Awards
- American Academy of Achievement Golden Plate Award
- Included among 2017’s 13 Best Business Books
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