Ray Dalio. : In recent weeks, Ray Dalio of Bridgewater Associates sounded warnings about the international wealth gap in a series of posts declaring that capitalism was broken. According to Institutional Investor’s latest Rich List, he knows what he’s talking about, Andrew writes. Mr. Dalio is the world’s wealthiest hedge fund manager this year. The magazine estimates that he earned $2 billion in the last 12 months, up from a reported $1.3 billion in 2017. This list reflects hedge funds’ tough run in recent years, Andrew adds.