Learn how Raymond Dalio, founder of hedge fund company Bridgewater Associates, became a billionaire and made the Forbes 400.: Raymond Dalio, founder of investment company Bridgewater Associates, has an abundance of qualifications. Institutional Investor ranked him fourth on their 2017 hedge fund managers list. In their 2018 list of the world's billionaires, Forbes ranked Dalio as the 67th-richest person in the world. Ray Dalio and co-chief investment officers Bob Prince and Greg Jensen have controlled Bridgewater Associates for years. However, in the coming months, the firm will restructure itself as a partnership. Doing so will give top executives significantly more say in how the fund is run.