Ray Dalio is the uncrowned king of the hedge fund world, and he’s living up to the title in 2022's bear market. The 72-year-old New York native founded Bridgewater Associates in 1975 as an institutional investment advisory service, dishing out economic advice to corporate clients like McDonald’s and Nabisco. His firm turned to money management in the late 1980s, and it hasn’t looked back since. Bridgewater now manages roughly $150 billion in assets, making it the largest hedge fund in the world.