The majority of Dalio's fortune is derived from his stake in closely held Bridgewater Associates, which administered about $97 billion in assets as of June 2023, according to a report in Pensions and Investments.
Dalio said in a June 28, 2018 interview on Bloomberg Television that he owned "less than half" of Bridgewater, and was credited with 49% of the firm. In September 2022 he transferred all of his voting rights to the board of directors and retired as co-CIO. He continues to be credited with the same stake in the firm based on a February 2023 New York Times report that he was given a special class of shares ensuring he retained an economic interest in Bridgewater.
His stake is valued at $6.8 billion. That's derived from the $318 million valuation that Teacher Retirement System of Texas gave its 2.35% as of June 30, 2023, according to a quarterly report.
Other institutional investors own limited partner interests in Bridgewater, according to the Form ADV. Dalio's not credited with any cash from those investors other than the Texas investor because the details weren't disclosed.
This analysis estimates that Dalio has received more than $12 billion since 2002 from his share of the hedge fund's profits and his returns on investments in the funds, according to data compiled by Bloomberg, Absolute Return, LCH Investments and Institutional Investor Alpha magazines. Bonuses paid to employees and capital gains taxes are deducted from this amount, as well as charitable giving, known through publicly filed foundation tax returns. The billionaire has given his Dalio Foundation almost $1.3 billion, according to these tax returns.
Dalio declined to comment on his net worth through a spokesperson in May 2023.