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Grizzly Bulls’ Billionaires Index

⬅ # 126 Peter Woo|# 128 Li Shufu ➡

# 127 Ray Dalio 

$14.9B

Real Time Net Worth
as of 5/13/2024

# 127 Ray Dalio 

$14.9B

Real Time Net Worth
as of 5/13/2024
OccupationFounder & CIO Mentor, Bridgewater Associates
Source of WealthHedge Funds
Age74
ResidenceGreenwich, Connecticut
Marital StatusMarried
Children4
EducationMBA, Harvard Business School; BS, Long Island University
Age-Adjusted Net Worth$5.78B
Ray Dalio
Ray Dalio
United States
Net worth: $14.9B

Self-Made Score 

Wealth History

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Biography

Overview

Raymond Thomas Dalio was born on August 8, 1949, in New York City.
He grew up in the Jackson Heights neighborhood of Queens and later moved to Manhasset, New York.
Dalio's father, Marino Dallolio, was a jazz musician, and his mother, Ann, was a homemaker.
At age 12, he started caddying at The Links Golf Club, where he received investment tips from Wall Street professionals.
Dalio attended Long Island University (C.W. Post College) for his bachelor's degree in finance.
He earned an MBA from Harvard Business School in 1973.
In 1975, Dalio founded Bridgewater Associates in his two-bedroom New York City apartment.
Dalio has been married to his wife Barbara, a descendant of sculptor Gertrude Vanderbilt Whitney, and they have four sons.
Devon, their oldest son, tragically died in a car accident in 2020.
Dalio has battled Barrett's esophagus, a pre-malignant condition related to GERD.

Education and Early Career

After graduating from C.W. Post College, Dalio worked as a clerk on the New York Stock Exchange.
In 1974, he became a futures trader and broker at Shearson Hayden Stone.
Dalio launched Bridgewater Associates in 1975, initially as a wealth advisory firm, later evolving into a hedge fund.

Career Highlights

Bridgewater Associates became the world's largest hedge fund in 2005.
In 2008, during the financial crisis, Bridgewater's Pure Alpha fund rose by 9.5%, outperforming many competitors.
Dalio launched Bridgewater's flagship strategy, 'Pure Alpha,' in 1991, and later introduced 'All Weather,' a low-risk fund in 1996.
He stepped down as co-CEO of Bridgewater in 2017, completing a management transition.
Dalio has focused on global macro investing, particularly in currency and fixed income markets.

Investment Philosophy

Bridgewater Associates follows a 'global macro' strategy, investing based on economic trends like exchange rates, inflation, and GDP growth.
Dalio divides his holdings into beta and alpha investments, with the latter actively managed to generate better returns.
He popularized the risk parity approach, combining leverage and external diversification for risk management.

Philanthropy

In 2011, Dalio joined the Giving Pledge and pledged to donate more than half of his fortune to charitable causes within his lifetime.
He created the Dalio Foundation, contributing millions to causes like Transcendental Meditation research, polio eradication, and education.
The Dalio Center for Health Justice was established in 2020 with a $50 million gift to address healthcare disparities.

Views and Personal Stance

Dalio advocates for reforming capitalism, citing income inequality as a national emergency.
He has expressed caution against overlooking China's rise and believes in the nation's continued economic success.
Dalio is an outdoors enthusiast, enjoying hunting and fishing, and has a particular fondness for bow-hunting.

How long would it take you to become as rich as Ray Dalio?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Ray Dalio's net worth of $14.9B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Ray Dalio is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ray Dalio, Hedge Funds is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey