Ray Dalio was born in New York in 1949. He is an American businessman and founder of the investment firm Bridgewater Associates. His undergraduate degree is from Long Island University, and his MBA is from Harvard Business School. Dalio is a true investment tycoon, having made his first investments at the age of 12 when he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company. Upon graduating from college he worked at the New York Stock Exchange.
In 1974, Shearson Haydon Stone hired Dalio as a broker and futures trader. He founded Bridgewater Associates in 1975, an investment company which in 2012 became the largest hedge fund in the world, as it is today with over $160 billion in assets under management, as of October 2014. Dalio has been frequently listed as one of the world’s most influential people. He is the wealthiest in Connecticut and according to Forbes, he is the 30th richest person in America and the 69th richest person in the world with a net worth of $15.2 billion as of October 2014.