Which billionaire is the founder of Bridgewater Associates?

Ray Dalio is the billionaire founder of Bridgewater Associates. He founded the investment-management firm in 1975 after working as a futures trader and broker on Wall Street.

Bridgewater began in Dalio’s Manhattan apartment as a small advisory business focused on global markets, currencies and interest-rate risks. The firm initially sold economic research and advice to corporate clients, later developing into a major institutional investment manager serving pension funds, endowments, foundations, governments and central banks.

Dalio moved Bridgewater’s office to Connecticut in 1981. Its paid research publication, the Daily Observations, helped attract influential clients, including McDonald’s and later the World Bank. In 1991, Bridgewater introduced Pure Alpha, its flagship strategy, and in 1996 Dalio launched All Weather, a portfolio approach associated with risk-parity investing.

James Simons founded Renaissance Technologies, George Soros founded Soros Fund Management, and Ken Griffin founded Citadel. They are all famous investors, but Bridgewater’s founder is Ray Dalio.