Ray Dalio
usinfo | 2013-07-03 11:23
Rank: 7
Firm: Bridgewater Associates
Earnings: $800 million
The king of the rich hedge fund industry, Dalio lords over the world's biggest hedge fund firm, Bridgewater Associates, with about $140 billion in assets. By his standards, 2012 was a disappointing year, with his flagship hedge fund strategy underperforming both the average hedge fund and the U.S. stock market. His All Weather strategy performed much better. Bridgewater's popularity and esteem with the investment community remains incredibly strong. He founded Bridgewater in his Manhattan apartment in 1975. Now at age 63, he is doing all he can to ensure its survival, ceding more responsibility and selling ownership stakes in his firm to his employees and clients. Also on the drawing board: A new $750 million headquarters Dalio is working to build in Stamford, Ct.2012
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