Ray Dalio tripled his money at 12 on his first stock pick — then a bad call left him borrowing $4,000 from his dad

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Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMike CrisolagoTue, September 8, 2026 at 11:30 AM GMT+2 5 min readTaylor Hill/Getty ImagesBefore legendary investor Ray Dalio made billions as the founder of hedge fund giant Bridgewater Associates, he was a 12-year-old caddy at a local golf club in 1960s New York.While the golfers there had no idea that they had a future financial titan carrying their clubs, they were, nevertheless, unknowingly setting Dalio on a course to build his own fortune.Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake.