We all know how old and how big it is, but do you know what its net value will be in 2020, and if you do not know, prepare yourself. Ray Dalio is a US-based philanthropist and hedge fund manager who is also known as the founder of the hugely successful Bridgewater Associates, which is undeniably the largest hedge fund association in the world.
Ray Dalio, The Extraordinary Hedge Fund Manager and Business Man
Ray Dalio was born on October 1, 1961, in New York City, USA, in the Bronx, New Jersey. Raymond Thomas Dalio was born in New York City of New York. U.S.
Ray is an American hedge fund manager and philanthropist who has been president of the American Society of Professional Hedge Fund Management (ASPFF) since 1985. For ten years he has been pumping his own money into hedge funds, private equity and other investments.
Forbes has done a great job in recognizing his tremendous accomplishments in the business world.
Information Cradle indicated that Dalio is the founder and chairman of Bridgewater Associates, one of the largest private equity firms in the world, and is a member of the Board of Directors and Chairman and CEO.
He and His Family’s Kindness
The Dalio family’s commitment to charitable causes has been confirmed in recent years with the establishment of the Ray Dalio Charitable Foundation, a 501 (c) (3) charitable foundation.
His wealth is already in the billions, but the personal wealth of the man who tops the list at $18.7 billion is that of 0.01 percent, who went public with concerns about the wealth-creating system. Bridgewater is already said to be the world’s largest hedge fund heading into the Great Recession.
The Guardian stated that he wrote, the gap between rich and poor is getting too great, and most people have not experienced real income growth for decades.
This creates a situation that poses an existential risk to the US and the rest of the world, according to a recent International Monetary Fund report.
The Fantastic Achievements of Ray Dalio
According to Forbes 2018, Ray Dalio is one of the world’s ten richest people with a fortune of $1.5 billion. According to Times Magazine, he was America’s second richest man in 2012 after Bill Gates and is the third richest person in North America after Warren Buffett and Warren Buffet.
Like Bill Gates and Warren Buffett, he has vowed to donate more than half of his fortune to charity in his lifetime as per Exec Forumssy.
He built Bridgewater Associates into what became the world’s largest hedge fund and is ranked number 26 on Forbes. Dalio is the co-founder and chairman of Bridgewater, one of the most successful hedge funds in history.
A year ago, Bridgewater employed 1,700 people and had a net worth of $1.5 billion, more than double that of the world’s largest hedge fund.
Dalio became a billionaire in 2012 after appearing on the Forbes list of the 100 richest people in the United States.