Billionaire Ray Dalio sells remaining stake in Bridgewater — firm he founded 50 years ago
'We wanted to update you that Bridgewater recently repurchased the last remaining ownership shares held by Dalio-related entities,' Bridgewater's Chief Executive Officer Nir Bar Dea said in the letter.
The Wall Street Journal first reported Dalio's sale of his stake in Bridgewater.
Ray Dalio founded Bridgewater 50 years ago.
REUTERS
Dalio had handed over control of Bridgewater to a new generation of investors in 2022.
He did not immediately respond to a Reuters request for comment about the sale.
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