Ray Dalio is an American investor, hedge fund manager, and author, best known as the founder of Bridgewater Associates, one of the world’s largest hedge funds. Born on August 8, 1949, in New York City, Dalio earned a Bachelor of Science from Long Island University and an MBA from Harvard Business School in 1973. He established Bridgewater Associates in 1975, which, by 2013, had become the largest hedge fund globally.
As of December 2024, Dalio’s net worth was estimated at $15.4 billion, ranking him 124th on Forbes’ list of the world’s richest individuals.
Beyond his financial endeavors, Dalio is recognized for his writings on economic principles and management philosophies. His 2017 book, “Principles: Life & Work,” became a New York Times bestseller, offering insights into corporate management and investment strategies. His forthcoming book, “How Countries Go Broke,” is scheduled for release in 2025, addressing the complexities of national debt cycles.
In recent years, Dalio has expressed concerns about global economic trends. He has warned that heavily indebted nations, including the U.S. and China, must implement significant measures to prevent potential debt crises that could lead to higher interest rates and economic instability. Dalio emphasizes the importance of managing the “big debt cycle,” which can culminate in financial turmoil if not properly addressed.
Beyond his financial career, Dalio has ventured into philanthropy and education. He aims to share his extensive market knowledge through online courses with Singapore’s Wealth Management Institute, emphasizing the importance of imparting his principles and investment acumen to a broader audience.
Dalio’s influence extends to his active presence on social media platforms, where he shares insights on economics, investments, and life principles.