Ray Dalio Gives Up Control of Bridgewater in Final Succession Step
The billionaire founder of Bridgewater Associates first initiated his transition plan in 2010.
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The billionaire founder of Bridgewater Associates first initiated his transition plan in 2010.
Ray Dalio founded Bridgewater from his two-bedroom New York City apartment and built it into the world’s biggest hedge fund. Now the billionaire is finally letting go.
After 12 years of trying, Ray Dalio is finally letting go. The billionaire founder of Bridgewater Associates has given up control of the firm he built
He will retain a minority stake, keep a seat on the board, and take on the title of founder and CIO mentor, according to Bloomberg.
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