Bloomberg, Released on 9/8/21
Chinese President Xi Jinping is on a campaign to remake the world’s second-biggest economy with an emphasis on “common prosperity.” American investor and philanthropist Ray Dalio agrees the push is necessary for wealth redistribution to happen. He also adds that China can’t be neglected, pointing to his personal investments and family office philanthropy commitments. The founder and CIO of Bridgewater Associates spoke virtually from the Bloomberg RADAR event.
Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world’s largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor’s Alpha ranked him No. 2 on their 2012 Rich List. Dalio has been labeled the Steve Jobs of investing. Ray’s latest books are Principles: Life and Work and Principles: Big Debt Crises.