“I had previously helped many people through the death of loved ones over my 40+ years overseeing Bridgewater,” Dalio said. “With 1,500 people at the company and these being their most meaningful experiences, I had the occasion to go through such experiences with many people, which affected my views about how they should be well handled.’’
“Also, I had lost a number of loved ones before, so this affected my perspectives. However, these things did not prepare me for this,” he said.
The Dalio family – a powerful influential group with Ray Dalio being ranked by Forbes at $16.9 billion net worth – has organized philanthropic events for oceanic exploration as well as public education. Barbara her husband Ray launched – in 2019 – an initiative involving both the state of Connecticut and their own, private funding, in order to help disadvantaged young people finish high school and ensure their success for finding jobs. Both parties were supposed to each contribute $100 million to achieve such goals but unfortunately the initiative was since discarded.
Having played a critical role in helping the state of Connecticut obtain N95 masks, infrared thermometers and medical equipment, Dalio uses the Microsoft owned LinkedIn media platform to share thoughts to his almost 2 million followers, on topics such as global macroeconomy, business principles or social issues. He has heavily criticized the economic system’s flaws, focusing, in particular, on its inability to reduce the inequality gaps between classes.