Ray Dalio

Ray Dalio Biography

Ray Dalio (born August 1, 1949) is an American businessman and founder of the investment firm Bridgewater Associates. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2012 Rich List.

Early life and education

Dalio was born in Jackson Heights, Queens, New York, United States. The son of a jazz musician, Dalio began investing at age 12 when he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company.

Dalio received a BA from Long Island University and an MBA from Harvard Business School.

Career

After completing his education, Dalio worked on the floor of the New York Stock Exchange and invested in commodity futures. He later worked as the Director of Commodities at Dominick & Dominick LLC. In 1974, he became a futures trader and broker at Shearson Hayden Stone. In 1975, he founded the Westport, Connecticut based investment management firm, Bridgewater Associates. As of January 2012, the company is the largest hedge fund in the world with nearly $120 billion under management.

Ray Dalio wrote a company manual called "Principles" to share his life and business management principles with his employees.

Personal

Dalio was born as the only child of Italian American parents. He practices the Transcendental Meditation technique and resides with his wife in Greenwich, CT. According to Forbes he is the 31th richest person in America and the 88th richest person in the world with a net worth of $10 billion as of March 2012. Dalio has been labeled the Steve Jobs of investing.

This webpage uses material from the Wikipedia article "Ray_Dalio" and is licensed under the GNU Free Documentation License. Reality TV World is not responsible for any errors or omissions the Wikipedia article may contain.

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