Fair 54°
Tag:

Ray Dalio

Business
Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List
Greenwich Hedge Fund Manager Named One Of America's Richest People; 4 More In CT Make List Forbes released its annual list of the nation's 400 richest Americans this week, and a Connecticut hedge fund manager ranked among the top 40. In all, five billionaires call the Nutmeg State home.  Steve Cohen, who runs Point72 Asset Management headquartered in Stamford, was ranked 39th among the richest Americans, and the richest person in Connecticut.  According to Forbes, the 68-year-old Greenwich resident is worth an estimated $21.3 billion, a massive increase from when he was worth $13.6 million in 2019.   Cohen purchased the New York Mets in 2020.  Related:…

SHARE

by Josh Lanier
News
6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home 6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home
6 CT Billionaires Hit Forbes 400 Richest List, 5 Call Fairfield County Home As Forbes released its 2023 World's Richest 400 People, a look at the numbers shows that even the billionaires of the world are feeling the pinch of falling stocks and rising interest rates. The same goes for Connecticut where six billionaires made the list, including one who fell off last year's list only to return this year when another, Stephen Mandel Jr. of Greenwich, didn't meet the required cutoff of $2.9 billion in money.  So who are the richest in the state that can rub elbows with the high and mighty? This year's six include top-ranked from the richest in America:  No. …

SHARE

by Kathy Reakes
Real Estate
$139M Greenwich Estate, Among Nation's Most Expensive Homes, Sold To Mystery Buyer $139M Greenwich Estate, Among Nation's Most Expensive Homes, Sold To Mystery Buyer
$139M Greenwich Estate, Among Nation's Most Expensive Homes, Sold To Mystery Buyer Mum is the word when it comes to who purchased one of the nation's most expensive homes located in Fairfield County. Copper Beech Farm, the largest waterfront home in Greenwich at more than 55 acres with a mile of water frontage, sold for $138.83 million, making it the most expensive home ever sold in Connecticut, agents announced on Wednesday, Aug. 2. The estate is located at 499 Indian Field Road near Bruce Park and offers incredible views of Long Island Sound and includes a stately 13,519 square foot main house with eight bedrooms and bathrooms, walled gardens, a 75-foot swimmi…

SHARE

by Kathy Reakes
Lifestyle
Brand-New Forbes Rankings Reveal Richest CT Residents Brand-New Forbes Rankings Reveal Richest CT Residents
Brand-New Forbes Rankings Reveal Richest CT Residents The old saying the rich get richer isn't true this year according to Forbes which just came out with their top 400 wealthiest people in the country for 2022. As a group, the 400 are worth $4 trillion to $500 billion less than last year and for the first time since the Great Recession, the minimum net worth to make the list is down $200 million to $2.7 billion amid the market selloff. But of course, there are still plenty in Connecticut who made the list ranging from hedge fund owners to inherited wealth. So who are the richest people in Connecticut? Here are the top-ranked folks who made t…

SHARE

by Kathy Reakes
Lifestyle
These CT Residents Rank Highest On New Forbes Richest People List These CT Residents Rank Highest On New Forbes Richest People List
These CT Residents Rank Highest On New Forbes Richest People List A group of Connecticut businessmen and women are among the wealthiest in the country, according to the latest Forbes ranking. The global media company released the Forbes 400 of 2021, which includes several familiar faces to Connecticut residents highlighted by hedge fund mastermind Ray Dalio. Each year, Forbes runs the numbers to determine the wealthiest residents in each of the 50 states, including more than 750 candidates who were whittled down to the top 400 wealthiest Americans. According to Forbes, their reporters interviewed employees, handlers, peers, rivals, and attorneys whi…

SHARE

by Zak Failla
News
Billy Joel To Headline Music Event In Fairfield County Town Billy Joel To Headline Music Event In Fairfield County Town
Billy Joel To Headline Music Event In Fairfield County Town Billy Joel is set to headline a music event in a Fairfield County town later this year.  Joel, a Long Island legend, will take center stage at the 2022 Greenwich Town Party, which is set to take place on Saturday, May 28, at Roger Sherman Baldwin Park, according to an announcement from event organizers.  "Billy Joel is one of those few remaining iconic musicians who has thrilled music lovers for most of their lives,” said Ray Dalio, founder of the GTP. “His songs give us both great music and great stories that make us want to dance to our histories. He is a musical legend tha…

SHARE

by Nicole Valinote
Police & Fire
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says
Death Of Devon Dalio In Fiery Crash Ruled Accidental, Medical Examiner Says The death of Devon Dalio, who died in a fiery car crash into a retail store in Fairfield County, has been categorized as accidental by the state Office of the Chief Medical Examiner. Dalio, age 42, the son of billionaire hedge fund investor Ray Dalio died of smoke inhalation and thermal injuries on Thursday, Dec. 17, the M.E.’s office said Friday, Jan. 22. The office said no other information would be released regarding the crash. The crash took place at the Riverside Commons Shopping Center located at 1233 East Putnam Ave., in Greenwich when Dalio's 2016 Audi, drove over the parking strip…

SHARE

by Kathy Reakes
Police & Fire
Probe Into Greenwich Crash That Killed Son Of Billionaire Investor Ray Dalio Ongoing Probe Into Greenwich Crash That Killed Son Of Billionaire Investor Ray Dalio Ongoing
Probe Into Greenwich Crash That Killed Son Of Billionaire Investor Ray Dalio Ongoing The investigation of the collision that killed the son of Billionaire hedge fund investor Ray Dalio at the Thruway Shopping Center is still underway.  According to Greenwich Police, numerous witnesses have been identified and the investigators are still in the process of completing some interviews.  The crash, that killed Devon R. Dalio, 42, of New York City, occurred around 3:50 p.m., Thursday, Dec. 17, at the Riverside Commons Shopping Center located at 1233 East Putnam Ave., in Greenwich when a 2016 Audi, drove over the parking strip, mounted the curb, crashed through…

SHARE

by Kathy Reakes
News
Billionaire Investor Ray Dalio Says Son Killed In Fairfield County Car Crash Billionaire Investor Ray Dalio Says Son Killed In Fairfield County Car Crash
Billionaire Investor Ray Dalio Says Son Killed In Fairfield County Car Crash Billionaire hedge fund investor Ray Dalio announced that his son was killed in a crash that happened at a shopping center in Fairfield County. The crash occurred around 3:50 p.m., Thursday, Dec. 17, at the Riverside Commons Shopping Center located at 1233 East Putnam Ave., in Greenwich when a 2016 Audi, drove over the parking strip, mounted the curb, crashed through the Verizon storefront doors, and traveled completely into the store, Greenwich Police Department Captain Mark Zuccerella said. Earlier story: Police Probe Fiery Fatal Crash At Greenwich Shopping Center The store…

SHARE

by Joe Lombardi
Lifestyle
COVID-19: Ray Dalio Foundation Donates $500,000 To Connecticut Food Bank COVID-19: Ray Dalio Foundation Donates $500,000 To Connecticut Food Bank
Covid-19: Ray Dalio Foundation Donates $500,000 To Connecticut Food Bank The richest person in Connecticut, Ray Dalio of Greenwich, has donated $500,000 to the Connecticut Food Bank. The donation by Dalio, his wife Barbara Dalio and Dalio Philanthropies, is part of a $4 million donation to support medical care and food assistance to people in the state affected by the COVID-19 pandemic, said the Connecticut Food Bank. The funds will support Connecticut Food Bank and its network by providing significant funding during a time of rising needs across the region due to the novel coronavirus, the organization said. The food bank serves two-thirds of th…

SHARE

by Kathy Reakes
Lifestyle
This Fairfield County Resident Is Connecticut's Richest Person, Forbes Says This Fairfield County Resident Is Connecticut's Richest Person, Forbes Says
This Fairfield County Resident Is Connecticut's Richest Person, Forbes Says With a net worth of nearly $20 billion, Greenwich investor Ray Dalio has been named the wealthiest man in the Nutmeg State State - among the richest in the country - according to a new Forbes report. For the fifth straight year, Forbes ran the numbers to determine the wealthiest resident in each of the 50 states, with Dalio and his estimated $18.4 billion net worth tops in Connecticut According to the report, 53 billionaires and centimillionaires (with wealth of $100 million or more) made the ranks - three states had ties - with a collective net worth of $875 billion, up from…

SHARE

by Zak Failla
Politics
Here's Why Hedge Fund Mogul Ray Dalio From Fairfield County Wants To Give CT $100M Here's Why Hedge Fund Mogul Ray Dalio From Fairfield County Wants To Give CT $100M
Here's Why Hedge Fund Mogul Ray Dalio From Fairfield County Wants To Give CT $100M The Fairfield County founder of one of the world’s most successful and largest hedge funds is setting an example for other billionaires by betting on the future in the form of a $100 million donation for the state’s schools. Ray Dalio, the founder of Bridgewater Associates in Westport, announced that he will be donating $100 million, which will be matched by the state and then by other philanthropists and business magnates to benefit students. Dalio, of Greenwich, was featured in the latest episode of CBS-TV's "60 Minutes." (See video above.) "The partnership seeks to raise $300 million ove…

SHARE

by Zak Failla
Lifestyle
Greenwich Hedge-Fund Manager Ranks As Richest CT Resident In New Forbes 400 Greenwich Hedge-Fund Manager Ranks As Richest CT Resident In New Forbes 400
Greenwich Hedge-Fund Manager Ranks As Richest CT Resident In New Forbes 400 The newly released Forbes magazine annual rankings of the wealthiest 400 Americans includes no shortage of residents in Fairfield and Westchester counties. Including one whose fulltime address is now 1600 Pennsylvania Avenue. Donald Trump has been trumpeting a strong economy since he became the 45th president, but his own wallet has taken a big hit since he started his run for chief executive. More than $1 billiion, to be precise. Trump has dropped 11 places from last year. With a net worth of $3.1 billion, Trump is now the 259th-richest person in the 2018 Forbes 400. He was 248th in the…

SHARE

by Joe Lombardi
News
Man Killed In Plane Crash With Family Was Exec At Bridgewater In Westport Man Killed In Plane Crash With Family Was Exec At Bridgewater In Westport
Man Killed In Plane Crash With Family Was Exec At Bridgewater In Westport WESTPORT, Conn. — A 50-year-old Westchester man who died in a plane crash with his family on New Year's Eve in Costa Rica was a senior executive at Bridgewater Associates, a large hedge fund based in Westport. "The Bridgewater family lost Bruce Steinberg (a senior investor at Bridgewater and a wonderful man) and his family in a plane crash in Costa Rica," Bridgewater founder Ray Dalio said on Facebook. "Right now, we are each processing this devastating tragedy in our own ways. At this time I will be devoting my attentions to doing this and helping others." Bruce Steinber…

SHARE

by Daily Voice