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Murray joined the $160 billion hedge fund in 2008 and has been co-CEO since 2013. David McCormick will remain as sole CEO.
"I'm now at a stage in my life in which the most important thing I can do is help others be successful," according to the 70-year-old head of Bridgewater Associates.
“We have to make capitalism work for the average person,” the Bridgewater Associates honcho said. If the wealth gap persists, he added, “We are all going to try to kill each other.”
The event is meant to be “like a mini-Davos or min-Milken conference,” according to James Aiello, co-founder of the Forum and co-chairman of the Greenwich Business Institute.
The Westport-based hedge fund executive believed China was "quietly winning the geopolitical war."
"Customers will always try to find cheaper replacements if and when a recession hits," said Kelly Campbell at Agency Growth Consultant LLC in Nyack.
“Recessions are always inevitable,” Dalio said in an interview with CNBC. “The only question is: ‘When?’"
"Worth keeping in mind is how Chinese and Americans fight wars differently," said the Bridgewater Associates founder.
The Dalios said their pledge was the largest philanthropic gift in Connecticut history.
Ray Dalio, with a net worth of $18.4 billion, was Connecticut's highest-ranking billionaire on this year's list.
The hedge fund, which prides itself on "radical transparency," would not comment on the story.
"We have to make capitalism work for the majority of Americans," said the hedge fund executive.
Prior to joining Bridgewater in 2010, Drajewicz was deputy chief of staff for former U.S. Sen. Chris Dodd.
The nation’s wealthiest person, according to Forbes, is Amazon Founder, Chairman and CEO Jeff Bezos, with a net worth of $160 billion.