Dalio Philanthropies
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Top Hedge Fund Manager and Billionaire Ray Dalio Setup Family Office in Singapore

1st December 2020 | Singapore

Top hedge fund manager and billionaire Ray Dalio, with an estimated fortune of $17 billion, is setting up a family office in Singapore to pursue his investments and philanthropic mission.  He joins many American, European & global investment managers and billionaires in setting up investment firms and family offices in leading financial centres in Asia, in Singapore and Hong Kong.

” Billionaire and Hedge Fund Manager Ray Dalio setup family office in Singapore “

 

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2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM

Ray Dalio Philanthropic Activities

Ray Dalio and his wife Barbara, are active philanthropist and their family office activities includes running Dalio Philanthropies.  They are also early signers of the Giving Pledge in 2011, created by Bill and Melinda Gates and Warren Buffett in 2010.  The pledge commits signers to give the majority of their wealth to philanthropy or charitable causes, during their lifetimes or in their wills.

 

$25 Million to Singapore Wealth Management Institute

In November 2020, he gave a $25 million grant to Singapore’s Wealth Management Institute (WMI), a not-for-profit educational and research institute, to train policy makers and investment professionals on universal principles of market behaviour.  The grant was given from from Dalio Philanthropies to launch the Dalio Sustainable Market Principles Program.

 

Ray Dalio, Bridgewater Associates

Ray Dalio, founded hedge fund Bridgewater Associates in 1975 out of a 2-bedroom apartment.  Today, Bridgewater Associates is one of the world’s largest hedge fund and in 2019, reported Assets under Management (AUM) of around $160 billion.  The flagship fund of Bridgewater Associates is Pure Alpha.  Ray Dalio, a billionaire, is estimated to have a fortune of around $17 billion.

 

Related:

 


The Giving Pledge,

“We learned that beyond having enough money to help secure the basics – quality relationships, health, stimulating ideas, etc. – having more money, while nice, wasn’t all that important. …So we found taking our excesses and providing it to others who have extreme shortages has been both a good investment and a great satisfaction.”

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.

At first, we experienced the worry about not being able to take care of the basics. When we earned more money, we experienced relief and then the diminishing benefits of having more money. We learned that beyond having enough money to help secure the basics – quality relationships, health, stimulating ideas, etc. – having more money, while nice, wasn’t all that important. We experienced directly what the studies on happiness show – that once the basics are covered there is no correlation between how much money one has and how happy one is – but there is a high correlation between having meaningful work and meaningful relationships to one’s health and happiness.

We also have been fortunate to have gotten to know wonderful people who have less than we had when we had nothing, many of whom who are also struggling with health problems or lack of opportunity. And we have experienced the thrills of providing many of them with relatively small amounts of money that made huge differences in their lives. So we found taking our excesses and providing it to others who have an extreme shortage has been both a good investment and a great satisfaction.

We also believe deeply in equal opportunity, so much so that we feel that not contributing to it is tantamount to helping to perpetuate an injustice. To us providing equal opportunity means delivering quality education and lending enough money to help all people who are capable of helping themselves. Barbara gives particular attention to trying to help inner-city education and Ray supports microfinance. We also both support providing meditation to inner-city school children and groups that are under great stress. Also, Ray is wild about the wild, so he is a supporter of nature conservation and research.

We greatly admire what Bill and Melinda Gates are doing and are eager to learn from them and the other amazing people they have gathered. We had planned to give most of our money to those it will most help anyway. For all of these reasons, we enthusiastically make this giving pledge.

Ray & Barbara Dalio

April 2011

 

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