#78 Ray Dalio
$4.5 billion
Source Investments, Self made
Age 59
Marital Status Married, 4 children
Hometown Greenwich, CT, United States
Education Long Island University, Bachelor of Arts / Science
Harvard University, Master of Business Administration
Founder of money management and hedge fund firm Bridgewater fearing the worst. Predicting further fallout in financial markets; says writedowns from credit losses could reach $1.6 trillion. Jazz musician's son executed first trade at age 12. Studied finance at Long Island U., went to work in commodities division of Merrill Lynch 1972. Harvard M.B.A. 1973. Traded futures at brokerage CBWL-Hayden Stone. Feuded with boss, founded Bridgewater Associates at age 25. Today manages $150 billion—including billions in hedge fund assets. Pulling for McCain; has raised thousands of dollars for the presidential candidate.
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The Richest People In America: Ray Dalio
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