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United States Ray Dalio is an American billionaire investor and hedge fund manager who founded Bridgewater Associates, an institution known for its innovative investment strategies and unique corporate culture.
Ray Dalio founded Bridgewater Associates in 1975 and grew it into a global institution. He served in various capacities including CEO, CIO, and Chairman.
Dalio Education, under Dalio Philanthropies, partners with public schools, nonprofits, and communities to support educators and youth potential.
Dalio's fund, Bridgewater Associates, invested $319 million in SPDR Gold Shares during the first quarter of 2025, reflecting his advice to allocate 10% to 15% of portfolios to gold.
Bridgewater contracted with State Street Global Advisors (SSGA) to help distribute, manage liquidity, and share branding for retail assets after Dalio stepped down.
Ray Dalio has been on the board of trustees for NewYork–Presbyterian Hospital since 2020. The Dalio Center for Health Justice was launched with a $50 million gift from the Dalio Foundation.
The Dalio Foundation has supported the Fund for Teachers, an organization providing grants for educators' professional development.
The Dalio Foundation has contributed to the David Lynch Foundation, known for promoting Transcendental Meditation.
The Dalio Foundation has supported the National Philanthropic Trust, a public charity that manages donor-advised funds.
The Dalio Foundation has been a contributor to TED's Audacious Project, which funds ambitious social impact initiatives.
OceanX, an initiative of the Dalio family, partnered with Bloomberg Philanthropies, committing $185 million over four years to protect the oceans.
Dalio has backed the Volcker Alliance, a public policy group focused on government effectiveness, headed by former Federal Reserve chair Paul Volcker.
Ray Dalio was born on August 8, 1949, in Queens, New York City, the son of a jazz musician and a homemaker. His interest in investing began at age 12 when he purchased his first stock, Northeast Airlines, with money earned from caddying. This early experience initiated his path toward becoming a successful investor. He attended C.W. Post College, graduating at the top of his class, and then earned an MBA from Harvard Business School in 1973. During his time at Harvard, he started a company that eventually became Bridgewater Associates, initially focusing on trading commodities.
In 1975, Dalio founded Bridgewater Associates from his two-bedroom apartment in New York City. The firm began as a wealth advisory entity, serving corporate clients and publishing daily research commentary called “Bridgewater Daily Observations.” A pivotal moment for the firm arrived in 1985 when the World Bank became a client, managing a $5 million account. Under Dalio’s leadership, Bridgewater grew significantly, becoming the world’s largest hedge fund. Notable innovations include the development of the “Pure Alpha” strategy in 1991 and the “All Weather” fund in 1996, which introduced the concept of risk parity. These approaches contributed to Dalio being named one of TIME magazine’s “100 Most Influential People in the World” in 2012.
Dalio transitioned from his executive roles at Bridgewater, stepping down as CEO in 2017, CIO in 2020, and Chairman at the end of 2021. He now focuses on mentoring and sharing the principles he has developed throughout his career. He has authored several books, including “Principles: Life & Work” (2017), which became a New York Times bestseller. His latest work, “Investment & Economic Principles,” is a part of an online course. Dalio’s philosophy emphasizes understanding reality, identifying cause-effect relationships through repeated study, and developing clear principles for decision-making and collaboration, aiming to foster an idea meritocracy with radical truthfulness and transparency.
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