Ray Dalio: is there a family office?

Ray Dalio is an American hedge fund investor who made his fortune through Bridgewater Associates, which manages $150 billion and whose clients include endowments, foundations, pensions and sovereign wealth funds. As of February 2024, Dalio has an estimated net worth of $15.5 billion, making him one of the the 130 richest person in the world according to Forbes. In this article, we will examine if he manages his wealth through a specific Ray Dalio family office.

Dalio`s career as a hedge fund investor

Ray graduated from Harvard in 1973 and within two years founded Bridgewater in his two-bedroom apartment in New York City. Bridgewater is now one of the world’s leading investment firms and was ranked the world’s top hedge fund in 2013. In 2022, Dalio transferred his majority stake in Bridgewater to the board and stepped down as one of three key co-chief investment managers to focus on his family office. However, Dalio retains a key role in Bridgewater, mentoring the chief investment officer and maintaining his seat on the board.

Dalio manages wealth through Bridgewater and Dalio Family Office

The Ray Dalio Family Office supports Barbara, Ray and their family through investments and ventures as well as their Dalio Philanthropies. Both support OceanX, Dalio Education and the Beijing Dalio Foundation. The Family Office manages more than $15 billion in assets and is led by Bruce Zimmerman. In 2020, the Dalio Family Office established an office in Singapore and made a $25 million grant to the Singapore Wealth Management Institute to educate policymakers and young investment professionals. The family office’s portfolio includes investments in private equity, venture capital, real estate and natural resources. Dalio has committed to the Giving Pledge and uses his Dalio Foundation to support education, healthcare and environmental causes.

Picture source: Markus Spiske via Unsplash