What is Ray Dalio’s Net Worth?
Ray Dalio is an American hedge-fund manager and philanthropist. He has served as the co-chief investment officer of Bridgewater Associates for over 35 years. Bridgewater was established by him in New York City in 1975.
Ray Dalio’s net worth is approximately $14 billion, as of 2022.
Raymond Thomas Dalio was born in New York City, on the 8th of August 1949. He is the son of Marino Dallolio (a jazz musician) and Ann (a homemaker).
Dalio started investing at the age of 12 when he purchased shares in Northeast Airlines worth $300. After the airline’s merger, he tripled his investment.
After his education, Dalio worked on the New York Stock Exchange floor and traded commodity futures. He was later the Director for Commodities at Dominick & Dominick LLC.
Bridgewater Associates was established in 1975 by him from his apartment. In 1981, Bridgewater Associates opened its first office in Westport in Connecticut and became the largest hedge fund worldwide in 2005.
Bridgewater suggested that there may be a global crisis of finance in 2007 and Dalio published 2008 ‘How the Economic Machine works: A Template for Understanding what is Happening Now’. This essay evaluated the potential of diverse economies using different criteria.
He self-published, on December 11, 2011, a 123-page volume called ‘Principles’. It describes his investment philosophy and corporate governance.
Dalio made it onto the “Time 100” list of the 100 most influential persons in the world the year after. He was listed by Bloomberg Markets in 2012 and 2011 as one of the 50 Most Influential.
Here are some highlights from Ray Dalio’s career.
- Dalio founded Bridgewater Associates (1975)
- Principles (Autobiography, 2011)
- Time 100 List of the 100 Most Influential Persons in the World (2012)
Three Powerful Lessons From Ray Dalio
Now that you’re familiar with Ray Dalio and his net worth, let’s examine some of the lessons we can take from him.
1. Play to Win
Bridgewater Associates’ unique resource is its bottom-up model on the American economy. It is what keeps the hedge fund performing at such an impressive rate. We can conclude that your efforts should be more successful than your competition.
2. Create A Diversified Portfolio
Your portfolio should thrive under different conditions in the stock exchange. You never know when you’ll win. Therefore, you should build a portfolio that can weather any financial storm.
3. Invest in the things you already know and understand
Ray said that regardless of your appetite, there is always a risk of not knowing what you’re getting into. Trades made in a part of an industry you do not know anything about is highly risky. You will be more successful if you invest in things you know.
Favorite Quotes From Ray Dalio
Time is like a river. It moves us forward into situations that confront reality and requires us to make decisions. We can’t stop the river from moving and we can’t avoid them. They are best approached in the best way possible.”
“Remember that people are most happy when they are learning and doing the things that are right for them and that will help them progress. Knowing your people’s weaknesses .” is just as valuable as learning their strengths.“
“Don’t misunderstand probabilities for possibilities. It’s possible to do anything. It is only the probabilities that are important. Every possibility and priority must be considered. It is possible to forget your pain and find many more opportunities.