Ray Dalio is Building a Large Philanthropic Foundation
Ray Dalio, an American hedge fund manager and founder of the investment firm Bridgewater Associates, is building a large philanthropic foundation.
According
to the most recent public tax filing made by the Dalio Foundation,
Dalio contributed $400 million to his foundation in 2013, pushing its
total assets to $842 million. The foundation ended 2012 with $590
million in assets.
With
an estimated net worth of $15.4 billion, Dalio is the second-wealthiest
hedge fund manager. George Soros is the only hedge fund manager with a
higher net worth.
In
2011, Dalio signed the Giving Pledge, a campaign led by Bill Gates and
Warren Buffett to get the world’s richest people to give a majority of
their wealth to philanthropy. “We were lucky enough to have experienced
the whole range of financial circumstances, from not having any money to
having a lot. Fortunately that happened in the best order,” Dalio and
his wife, Barbara, wrote in their Giving Pledge letter.
Source: Forbes
