Raymond Thomas Dalio is one of the biggest names in finance and investment. Ray Dalio is credited as the founder of the largest hedge fund in the world, Bridgewater Associates.
The company was founded in 1975 and Ray has been working as the co-chief investment officer since 1985. The contributions by Ray Dalio in popularizing practices such as risk parity, currency overlay, portable alpha, and a few more are very significant.
About Ray Dalio
The future businessman was born on August 8, 1949, in New York City. He is the son of Marino Dallolio, who was a jazz musician. He used to play clarinet and saxophone at some of the most prestigious clubs in New York. His mother Ann was a homemaker.
Ray Dalio used to do different types of jobs in his early days and that somehow connected Dalio to the field of finance and investment somehow.
Dalio used to work for Wall Street professionals like George Lei while he used to work at The Links Golf Club. He was even invited to his home by Leib and his wife. It was through their son that Dalio entered the official Wall Street scene, where he was offered a job at his trading firm.
Ray was able to develop a portfolio as an investor when he was just a young boy. After completing his high school education, Ray enrolled at Long Island University, where he received a bachelor’s degree in finance. He also earned an MBA from Harvard Business School in 1973.
Professional Career
Ray Dalio was eagerly interested and started his work in the field of commodity futures right during his college days. With strategic techniques, Ray transformed from an average student to academic excellence as his college life ended, and even got admitted to Harvard Business School.
After completing his graduation from Harvard, Dalio got married and set up his family. He then took up the job of trading commodity futures. He gradually excelled at his job and became the Director of Commodities for Dominick & Dominick LLC.
Later in his career, Dalio joined the Shears Hayden Stone, which was a securities firm. He was fired from the job for having a physical encounter with his boss.
Even after being removed from his job, many people still continued to trust Ray in managing their financial assets, which finally led to the introduction of his own company Bridgewater Associates in 1975. The company continued to grow steadily in the following years and by 2005, Ray Dalio became the owner of the largest hedge fund in the world.
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The company lost money only in three calendar years and it never lost any amount more than 4%. As the report of 2017 suggests, the company Bridgewater Associates has around $160 billion in assets under its management. Ray Dalio served as the CEO of the company until he stepped down from the position in March 2017.
The man who started his company Bridgewater Associates from his two-bedroom apartment is now estimated to have a net worth of $20 billion as of 2022. Ray ranks at the 123rd position on the list of richest people in the world.
Ray Dalio’s Personal Life And Relationship
Ray got married to his wife Gertrude Vanderbilt Whitney right after his graduation from Harvard Business School in 1973. The couple had been together since and now they reside in Greenwich, Connecticut. The couple has four children together who are named Devon, Paul, Matthew, and Mark.
Paul Dalio, their son, is a film director. Their oldest son Devon passed away in 2020 due to a car accident. At the time of his death, he was
The couple is deeply involved in different charity works. They have also pledged their support to Bill Gates and Warren Buffet’s Giving Pledge through which they have pledged to donate more than half of their wealth to charitable causes during the course of their lifetime.
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