Culture -- 5 days ago
The Money Messiah: Ray Dalio thinks the coronavirus crisis could close the global wealth gap
Billionaire hedge funder and ultra-capitalist Ray Dalio has used lockdown to speak up about inequality, reducing the wealth gap, and why a global pandemic is the time to rethink a broken economic system
Ray Dalio (founder of the world’s biggest hedge fund firm Bridgewater, 46th richest person in the world, $18 billion net worth) knows a thing or two about financial systems. He isn’t afraid to shout about it, either. In 2007 he was one of few people to warn of an impending economic collapse. The next year the world entered the worst global recession since the 1930s.
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