In this success post, we are going to share the story of Ray Dalio, one of the person who have been in the list of the most influential people in the world for so many years. This is due to his continued efforts to make sure that his hedge fund Bridgewater Associates remain at the top.
Ray Dalio Early Life
A New York man through and through, Dalio was born to a jazz musician and was very business-minded right from the beginning. Moreover, he made his first investment at the age of 12. Even as a child, he managed to triple his initial investment after the shares he bought multiplied threefold.
Ray Dalio Beginning
Ray Dalio then pursued his B.A from the Long Island University before getting a Master in Business Administration. From one of the most reputed universities in the world, Harvard School of Business. His first job came as a broker in the world-famous New York Stock Exchange. And then he continued as a director of commodities. He is something of a visionary as much before the global economic meltdown; he was able to predict it.
Ray Dalio Career
Ray Dalio founded his company, Bridgewater Associates, in the year 1975. By the year 2012, it has become the biggest hedge fund in the world, with more than $160 billion in assets under the management. A very knowledgeable and friendly man, Ray Dalio shared a 123-page volume called Principles, which he had written; outlining his experience as a trader and shed light on some of the approaches he had applied to become successful.
He is also a technology savvy person and began sharing his views with the YouTube video called How the Economic Machine Works. His work has been appreciated from all quarters of the globe and has been translated into many different languages.
Ray Dalio Achievements
Not only is he a successful entrepreneur, He, but is also known to be one of the best mentors for those who are looking at getting a head start in their business. He is known to be one of the shrewdest men in the game. He economic views have seen him gather quite a fan following. This coupled, with his electric personality and outgoing nature has marked him as one of the best economic Gurus of all time.
“There is a strong tendency to get used to and accept very bad things that would be shocking if seen with fresh eyes.”- Ray Dalio
He also joined hands with the Warren Buffet and Bill Gates to donate his fortune to charity. At least half of it’s during the remaining span of his lifetime an ode to his selfless and charitable nature.
Ray Dalio Net Worth
Ray Dalio owns 79% of the Bridgewater Associates Intermediate Holdings. The company administers about $1590 billion worth of assets and is valued at under $11 billion. From 2010 to 2015, He earned at least $7.7 billion in profit from Bridgewater Associates. And he also earned $1.44 billion from 2005 to 2009. He has also donated more than $1 billion to his Dalio Foundation.
Also Read: Larry Ellison Biography: Success Story of Oracle Co-founder
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