Ray Dalio

Ray Dalio on September 23, 2017 in New York City

Ray Dalio (* 1. August 1949 in Jackson Heights , Queens , New York City ) is an American entrepreneur , hedge funds - manager and philanthropist .

Life

Dalio graduated from Long Island University and Harvard Business School . He founded Bridgewater Associates hedge fund company in 1975 . According to Forbes Magazine , Dalio was one of the richest Americans in 2013 and was listed in The World's Billionaires . Dalio is married with four children and lives with his family in Greenwich , Connecticut . According to the Forbes 2019 list, his net worth is approximately $ 18.4 billion. That put him at number 57 on Forbes' list of the richest people in the world.

Public appearance

Dalio has spoken out publicly as a critic of US capitalism in recent years . In an article published in 2019, he warned of social tensions in the US as a result of the widening gap between rich and poor. In his opinion, these tensions have been escalating recently.

Speculation

During the COVID-19 pandemic, Dalio bet through Bridgewater Associates on a large scale on falling prices for European corporations. Nevertheless, his funds recorded immense losses in the wake of the corona crisis.

Publications

How the Economic Machine Works; A Template for Understanding What is Happening Now . 2007
Principles: Life & Work . 2017 ( ISBN 978-1501124020 )
Principles For Navigating Big Debt Crises . 2018 ( ISBN 978-1732689800 ; available online as pdf )
The principles of success. Finanzbuch, Munich 2019, ISBN 978-3-95972-123-3 . (With references and index)