Raymond Thomas Dalio is a billionaire hedge fund manager and also a philanthropist and was the co-chief investment officer at Bridgewater Associates since the year 1985.
Ray Dalio’s Net Worth is estimated at $14 Billion
According to celebritynetworth, Ray Dalio has an estimated net worth of approximately $14 Billion for the year 2020. His salary is still however under review.
The Tragic Accident that killed Ray Dalio’s Son
Devon Dalio, the son of a billionaire, Ray Dalio was driving his Audi and he crashed into a Verizon store in a shopping center. The car burst into flames and Devon Dalio sadly did not survive the crash.
The police are still investigating the devastating crash that took his life and almost completely destroyed the store. According to the police they suspect that it’s probable that the gas tank of the car ruptured as the car crashed into the store.
Ray Dalio took to Twitter to express his heartbreak he tweeted, “We know that the terrible pain we are feeling has been and continues to be felt by so many others so our sympathies go out to them. May God be with you and may you cherish your blessings, especially at this time of year.”
Ray Dalio’s life growing up
Ray Dalio was born on the 8th of August in the year 1949 in Jackson Heights in New York. His father’s name was Marino Dallolio and was a jazz musician and he played the Clarinet and Saxophone at jazz clubs in Manhattan like Copacabana. His mother’s name was Ann and she was a homemaker. Ray Dalio is of Italian descent and American descent. At the young age of just 12 years old he began investing in business and bought shares of Northeast Airlines for $300 United States Dollars and then tripled his investment when it merged with another company, He went on to receive a degree in Finance from the Long Island University and then successfully completed his MBA from Harvard Business school in the year 1973.
Awards, Honors, and Published work
In the year 2012, Ray Dalio won the Golden Plate Award of the American Academy of Achievement. The award was presented by the co-founder of the Carlyle Group, David Rubenstein. CNBC also listed one of his books, Principles in the top 14 best business books for the year 2017.
He has also published various books throughout his entire career. Some of them being, How the Economic Machine Works; A Template for Understanding What is Happening Now, Principles for Navigating Big Debt Crises, Why and How Capitalism Needs to be Reformed, The Changing World Order: Why Nations Succeed and Fail.