Dalio, Ray, 1949-

Raymond Thomas Dalio (born August 8, 1949) is an American investor, hedge fund manager, and author who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York. Dalio was born in New York City and attended C.W. Post College of Long Island University before receiving an MBA from Harvard Business School in 1973. Two years later Dalio launched Bridgewater. In 2013, Bridgewater was listed as the largest hedge fund in the world. In 2020 Bloomberg ranked him the world's 79th-wealthiest person. As an author, Dalio has written a few books including the 2017 book Principles: Life & Work, about corporate management and investment philosophy. The book was featured on The New York Times bestseller list. His latest book, How Countries Go Broke, is scheduled to be released in 2025. As of December 2024, Ray Dalio ranks #124 on Forbes' Richest People in the World with a net worth of $15.4 billion.