Ray Dalio

About Ray Dalio

Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages $124 billion.

Dalio stepped down as CEO in 2017 and retired as co-CIO in 2022, completing a transition that transferred majority control to the hedge fund's board.

Dalio grew up in a middle class Long Island neighborhood and started playing the markets at age 12, getting tips from golfers for whom he caddied.

In 1975, after earning an MBA from Harvard Business School, he launched Bridgewater from his two-bedroom New York City apartment.

Dalio has given more than $1 billion to philanthropic causes. His Dalio Philanthropies has supported microfinance and public education.