Connect with us

Billionaires

Ray Dalio Net Worth

Published

on

Ray Dalio's Net Worth as of 2024
$15 Billion

Raymond T. Dalio was born on the 1st August 1949 in Jackson Heights, in the community of Queens, New York City, USA, of Italian and American ancestry. As Ray Dalio, he is best known for being the founder of the investment firm Bridgewater Associates, which is the main source of his wealth, and as such is being rated as one of the top 100 most influential people in the world. He has been active since 1961.

A well-known American businessman, how rich is Ray Dalio as of 2015? Bloomberg Markets, Time magazine and Forbes have estimated that Dalio’s net worth is currently over $15 billion, making him the 69th richest person in the world, and 30th wealthiest man in America. Obviously, all his wealth is being accumulated through his investments in shares of major companies.

Ray Dalio Net Worth $15 Billion

Ray Dalio was raised in New York City, the only child in a working class family. His mother was a homemaker and father was a jazz musician. When he was eight years old, they moved to Manhasset, Long Island, and Ray graduated from Long Island University with a BA, before completing his education with a Master Business Administration (MBA) degree from Harvard School of Business. As 12-year-old, Dalio had started earning money by caddying at the Links Golf Club, an exclusive course of golf, and was able to save $300 from his earnings which he invested by buying shares in Northeast Airlines, quickly tripling his initial investment and realizing an opportunity to earn great profit on a minimal investment. Consequently, Dalio became very interested in that kind of business. He started reading the annual reports of major companies, and became occupied with discussions with and between older investors, and in that way he learned the basic principles of investing. Dalio’s net worth was rising, and by the time he graduated from high school, his net worth was several thousand dollars, a significant amount for a teenager in the late ’60s.

After completing his education, in 1971 Dalio decided to start working as a clerk in the New York Stock Exchange, and then he continued to work as the Director of Commodities at Dominick & Dominick LLC. A year after, in 1975, he founded Bridgewater Associates, an investment management company, which was considered to be the largest hedge fund in the world by 2012. As of November 2015, the company manages $155 billion. Bridgewater Associates was recognized for having earned its clients more than any other hedge fund in the history of the industry. – the company has its own newsletter called “Daily Observations”.

He is also known as a businessman who predicted the global financial crisis in 2007, and wrote an essay – “How the Economic Machine Works; A Template for Understanding What Is Happening Now” – that explained his personal philosophy and model for the economic crisis. In 2013, Dalio opened his own YouTube channel, on which he started sharing videos of his economic theories and “investment secrets”, named “How The Economic Machine Works”. The videos have gained enormous popularity, with over two million reviews, and has been translated into many different languages, such as German, Spanish, Italian, French, Japanese and so on. All these have had a positive effect on his net worth.

If to talk about Dalio’s personal life, With his wife Barbara Dalio he has been married for 38 years. They have four sons and live in Greenwich, Connecticut. It can be said that he is a noted philanthropist, as with many other billionaires. In 2011, he and Barbara together decided to join Warren Buffet and Bill Gates, and sign The Giving Pledge, by building a huge philanthropic foundation, named the Dalio Foundation, and giving half of his fortune to charity during his life. In his spare time, he enjoys music, and is known as a practitioner of the Transcendental Meditation technique. Besides that, he enjoys hunting and fishing, too.

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Billionaires

Warren Buffett Net Worth

Published

on

Warren Edward Buffett was born on 30 August 1930, in Omaha, Nebraska USA, and is known worldwide variously as the “Sage”, “Wizard” or “Oracle of Omaha”, as is currently ranked in the top three richest people in the world by Forbes and Bloomberg, being primarily an extremely knowledgeable investor and financial advisor, also a business magnate, financier and generous philanthropist.

So just how rich is Warren Buffett? According to Forbes, Warren’s net worth in mid-2017 is estimated to be a very impressive $77 billion, the vast majority of his wealth having been accumulated as a result of his consistently successful investing through his company Berkshire Hathaway.

Warren Buffett Net Worth $77 Billion

Warren Buffet is the only son of US Congressman Howard Buffett and mother Leila (née Stahl). Warren went to school in Washington DC, and then to the University of Pennsylvania for two years (including joining the Alpha Sigma Phi fraternity) before transferring to the University of Nebraska from where he graduated at nineteen with a BSc in business administration. After unsuccessfully applying to Harvard Business School, Buffett enrolled at Columbia Business School, and graduated with a MSc in economics in 1951. Buffett also attended the New York Institute of Finance.

Even in primary school, Warren Buffett made money in all sorts of ways, including owning second-hand pinball machines, working in his grandfather’s store, selling golf balls, chewing gum, and magazines door-to-door. Buffett’s interest in the stock market and investing began in his schooldays too, sometimes spent in the customers’ lounge of a regional stock brokerage near his father’s office, plus visiting the NYSE when he was 10. At 11, he bought three shares of Cities Service for himself, and three for his sister Doris (founder The Sunshine Lady Foundation). In high school, he invested in a business owned by his father, and bought a farm worked by a tenant farmer.

Warren  Buffett began his full-time working career as an investment salesman for Buffett-Falk & Co., then as a securities analyst in Graham-Newman Corp, and subsequently went on to work at Buffett Partnership, Ltd. In 1957 he had three partnerships operating, increasing to five the next year, and which by 1962 made him a millionaire – that year his partnerships had assets of over $7 million, $1 million of which belonged to Buffett.

Buffett’s first private investment was the department store Hochschild, Kohn and Co. However, it was Berkshire Hathaway that brought him huge financial success, firstly from buying the shares of this multinational conglomerate holding company, then becoming chairman in 1965. The company became the portal for virtually all of Buffett’s investments, giving him a spot on the Forbes 400 in 1979, and making him a billionaire by 1990. Warren Buffett is now chairman , CEO and the largest shareholder of the company. In 2008, he was listed by Forbes as the richest person in the world, and in 2012, Time magazine named Buffett one of the most influential people in the world, a position which he has held in every year since, regardless of formal acknowledgement.

In addition to the profits gained from his company, Buffett has accumulated a large amount of his net worth due to forward contracts, the value of which by 2006 was over $2 billion. That same year Buffett announced that he would give away 85% of his Berkshire holdings to five charitable organizations – the largest amount going to the Bill and Melinda Gates Foundation co-founded with Bill Gates with the aim of reducing poverty and enhancing healthcare – plus others such as Nuclear Threat Initiative, Glide Foundation, and Buffett Foundation, created in order to manage his charitable donations. As a result of his philanthropy, Warren Buffett’s annual salary in recent years amounts to only $100,000.

Buffett’s humble and generous personality has inspired many authors such as Robert Lowenstein, Alice Shroeder, Janet Lowe, and John Train to release books about him. Warren Buffett is also a known writer himself, and has been publishing annual reports and various articles for a number of years, the most prominent of which is “The Super Investors of Graham-and-Doddsville”.

In his personal life, Warren was married to Susan from 1952 until her death in 2004, although they lived separate lives from the late 70s; they have one daughter. In 2006 he married Astrid Menks, with whom he had been co-habiting for many years. Warren Buffett lives in a house in Omaha, which he purchased in 1957 for $31,000. During his free time, Buffett enjoys playing bridge, and has even sponsored a Buffett Cup bridge match.

Continue Reading

Billionaires

Jefferey Hildebrand Net Worth

Published

on

Jeffery Hildebrand is a successful American businessman, born in 1959, and best known as the founder, CEO and chairman of the Hilcorp Energy Company, which is now one of the largest oil and natural gas exploration and production companies privately-held in the US.

Have you ever wondered how rich Jeffery Hildebrand is? According to sources, it has been estimated that Jeffery Hildebrand’s overall net worth is $4.2 billion, accumulated through an outstandingly successful and lucrative career as an entrepreneur, since the early ‘90s. As he is still an active businessman, his net worth continues to increase.

Jeffery Hildebrand Net Worth $4.2 Billion

Jeffery attended the University of Texas at Austin, where he first earned a bachelor’s degree in geology in 1981 and then a master’s degree in petroleum engineering four years later. During his studies, Hildebrand was also a member of the Pi Epsilon Tau fraternity. His career beginnings were at the American Energy Capital Corporation, Exxon Company and the Dan A. Hughes Company.

However, his career really started moving upwards in 1989, when he founded Hilcorp Energy Company. This oil and gas exploration and production company, headquartered in Houston, soon became one of the leaders in the US. It now has operations in multiple states including the Rockies, the Gulf Coast and Northeast US, as well as Alaska. In 2011, the company sold its interests in Eagle Ford Shale to Marathon Oil for approximately $1.4 billion. Years after its foundation, it appeared on Fortune Magazine’s 100 Best Companies to Work For three years in a row – in 2013, 2014 and 2015. This proved to be true, as Jeffery gave each one of his 1400 employees a $100,000 bonus to thank them for their efforts in making his business the most profitable privately held oil and gas company in the US.

Apart from this, Hildebrand is a member of several other associations, including the Engineering Advisory Board, The National Petroleum Council, the Houston Energy Finance Group, the All American Wildcatters, the Independent Petroleum Association of America, the American Association of Petroleum Geologists, the Texas Independent Petroleum Royalty Owners Association, the Louisiana Independent Oil and Gas Association among many others. He was also appointed to the University of Texas Regent Wallace Hall in 2011.

The successful businessman that he is, Jeffery holds several other positions, on the boards of Central Houston, Inc. the Houston Livestock Show and Rodeo and the Houston Police Foundation. He is Vice-Chairman of the University of Texas Systems Board of Regents, chairman of the University of Texas Investment Management Company, and a member of the University Lands Advisory Board.

When it comes to his private life, Jeffery is married to Mindy; they have three children and reside in Houston, Texas. As for political involvement, since the beginning of the 2000s, Hildebrand has donated more than $360 000 to politician Rick Perry.

Continue Reading

Recommended

Models20 hours ago

What is Eyal Booker doing now? His Age, Height, Dating, Net Worth

Eyal Booker is a versatile personality known for his roles in reality TV, modeling, and influencing. Recognized for his time...

TV Personalities20 hours ago

What does Collete Davis do? Her Age, Height, Leaks, Boyfriend

Collete Davis is known as an American professional race car driver, engineer, entrepreneur, and TV personality. She has competed in...

Instagram20 hours ago

The Life and Career of Mar De Regil: Age, Height, Parents, Dating

Mar de Regil has become a sensation on social media, especially on her TikTok content account, marderegil, on which she...

Instagram20 hours ago

Carriejune Anne Bowlby: Story of a Gym Lover and Instagram Star

Carriejune Anne Bowlby was born on 7 February 1996 in New Jersey. She’s known for being a prominent figure in...

Celebrities20 hours ago

The Rise of Susana Almeida: From Weather Girl to Internet Star

Charismatic Mexican weather girl Susana Almeida, found herself thrust into the spotlight of internet fame following an unexpected wardrobe malfunction...

Social Media Stars20 hours ago

What does Shawn Cee do for a living? His Age, Height, Net Worth

Dynamic American YouTuber Shawn Cee, has successfully carved out a distinctive niche within the music review and reaction space. Boasting...

Social Media Stars20 hours ago

What does Peter Vigilante do? His Age, Height, Leaks, GF, Net Worth

Peter Vigilante is a multifaceted personality, acclaimed as a social media sensation, personal trainer, and reality television star. His journey...

Social Media Stars20 hours ago

How did Matt Sturniolo become Famous? His Age, Height, GF, Bio

Matt Sturniolo is a prominent American content creator and social media personality, widely known as one of the Sturniolo triplets....

Instagram20 hours ago

What is Kennedy Walsh famous for? Her Age, Height, Dating, Salary

Notable social media personality Kennedy Walsh, has garnered widespread acclaim for her engaging content on platforms such as YouTube, Instagram,...

Instagram20 hours ago

What is Jacob Day Famous for? His Age, Height, Dating, Net Worth

American social media sensation Jacob Day, catapulted into the limelight by sharing an array of lip-sync performances and humorous video...

Trending