Ray Dalio
Ray Dalio is the founder and former chairman and co-chief investment officer of U.S.-based Bridgewater Associates, the world's biggest hedge fund. The firm, which he founded in 1975, has grown into the fifth most important private company in the U.S., according to Fortune Magazine.[1] As of October 2022 the firm held $151 billion in assets. In October of 2022, at age 73, Dalio gave up control of the firm, ending a long drawn-out transition of power. He transferred all his voting rights to the board of directors but will remain on the board as founder and CIO mentor, the Financial Times reported. He said in a LinkedIn post that he intends to be an investor, board member and mentor at Bridgewater Associates until the day he dies.[2] He is an avid philanthropist with a particular interest in ocean exploration and conservation. He was named one of the 100 Most Influential People by TIME Magazine. [3] He is also the author of The New York Times bestseller “Principles: Life & Work.” [4] Background[edit]After working as a commodities trader, Dalio started Bridgewater out of his two-bedroom apartment in New York City in 1975.[5] The company moved its headquarters from New York City to Westport, Connecticut in 1981. He ceded day-to-day management of the firm in 2011, and from then until he stepped down in 2022 five people have held the title of CEO or Co-CEO at Bridgewater.[6] Education[edit]Dalio holds a Bachelor of Science in finance from C.W. Post College and an MBA from Harvard Business School. References[edit]
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