Person

Matt Dalio

Born:

1984

Parents:

Ray and Barbara Dalio

Nationality:

American

Occupation:

Investor and Philanthropist

Matt Dalio is the son of billionaire investor Ray Dalio and is said to have a growing interest in the operation of his nonprofit Dalio philanthropies. [1] He owns his own technology company, Endless Inc., which has its own foundation to further its mission of increasing access to computers and computer programming education. [2]

Matt Dalio founded and led the China Care Foundation from 2000 to 2010. It provided foster services for children in China and paid for over 1,000 surgeries for foster children. [3]

Background

Matt Dalio is the son of billionaire investor Ray Dalio. Inside Philanthropy put him on its list of “The Most Powerful Heirs in Philanthropy,” stating that out of Ray’s children, he was more involved in growing the family’s philanthropic ventures. [4] Dalio’s main work is his involvement in his technology company, Endless, and its foundation, Endless OS Foundation. [5] He has also started a newspaper and a nonprofit organization in China that funds foster programs for orphans. [6]

Matt Dalio’s father, Ray Dalio, is estimated to be worth $20 billion. In 1975, he founded the world’s largest hedge fund, Bridgewater Associates, after he graduated from Harvard Business School with an MBA. As of March 2022, the fund manages $154 billion. [7] In an April 2019 interview with CNBC, he admitted that capitalism “worked for [him],” but also said that it is “denying the American dream.” [8]

Career

In 2011, Matt Dalio founded Endless Inc., a technology company that develops computer programs. [9] It makes programs and computer systems aimed at making educational technology available to children who do not have access to the internet or computer programs. [10]

Since 2018, Matt Dalio has worked as creative director for Endless Studios. In this role, he helped develop video games that teach coding. [11]

From 2006 to 2007, Matt Dalio worked as an acquisition analyst for the Starwood Capital Group, overseeing the acquisition of a $1.5 billion hotel chain and a Stuvyesant town, which was the largest residential real estate deal in history. In 2007, Dalio cofounded the online magazine The Issue. [12]

In 2000, Matt Dalio founded the China Care Foundation where he served as the chairman until 2010. The foundation funded and raised money to create foster homes and programs in China. [13]

Philanthropy

Endless OS Foundation

Endless OS Foundation is the official foundation of Matt Dalio’s company Endless Inc. It was created in April 2020 as a means of expanding the mission of Endless Inc., creating educational technology available to those who do not have access to the internet or computers, through nonprofit fundraising. [14]

Dalio Philanthropies

Matt Dalio is said to have a growing involvement in his father’s charity, Dalio Philanthropies. [15] Since its formation in 2003, the Dalio family has given over $5 billion to the organization and have committed half of their wealth to philanthropy through the Giving Pledge. [16] [17] Dalio Philanthropies gives its largest individual grants to elite universities and scientific research projects, especially those done through the National Philanthropic Trust. [18]

References

  1. Callahan, David. “The Most Powerful Heirs in Philanthropy.” Inside Philanthropy. Inside Philanthropy, January 31, 2022. https://www.insidephilanthropy.com/home/2022/1/19/the-most-powerful-heirs-in-philanthropy. ^
  2. “Endless OS Foundation: Home.” Endless OS. Accessed March 7, 2022. https://www.endlessos.org/. ^
  3. Dalio, Matt. “Matt Dalio – Founder – Endless, Inc.” LinkedIn. Accessed March 7, 2022. https://www.linkedin.com/in/mattdalio. ^
  4. Callahan, David. “The Most Powerful Heirs in Philanthropy.” Inside Philanthropy. Inside Philanthropy, January 31, 2022. https://www.insidephilanthropy.com/home/2022/1/19/the-most-powerful-heirs-in-philanthropy. ^
  5. Dalio, Matt. “Matt Dalio Blog.” Matt Dalio, May 14, 2019. https://www.mattdalio.com/my-blog. ^
  6. “Matt Dalio.” Endless Computers. Accessed March 7, 2022. https://endlessos.com/about-us/mattdalio_150x150/. ^
  7. “Ray Dalio.” Forbes. Forbes Magazine. Accessed March 7, 2022. https://www.forbes.com/profile/ray-dalio/?sh=6f3253d9663a. ^
  8. [1] Cox, Jeff. “Ray Dalio in Heated Debate Says Capitalism Is Denying ‘the American Dream’.” CNBC. CNBC, April 10, 2019. https://www.cnbc.com/2019/04/08/ray-dalio-says-capitalism-not-providing-the-american-dream.html ^
  9. Dalio, Matt. “Matt Dalio – Founder – Endless, Inc.” LinkedIn. Accessed March 7, 2022. https://www.linkedin.com/in/mattdalio. ^
  10. “Endless.” Endless Network. Accessed March 7, 2022. http://www.endlessnetwork.com/. ^
  11. Dalio, Matt. “Matt Dalio – Founder – Endless, Inc.” LinkedIn. Accessed March 7, 2022. https://www.linkedin.com/in/mattdalio. ^
  12. Dalio, Matt. “Matt Dalio – Founder – Endless, Inc.” LinkedIn. Accessed March 7, 2022. https://www.linkedin.com/in/mattdalio. ^
  13. Dalio, Matt. “Matt Dalio – Founder – Endless, Inc.” LinkedIn. Accessed March 7, 2022. https://www.linkedin.com/in/mattdalio. ^
  14. “Endless OS Foundation: Home.” Endless OS. Accessed March 7, 2022. https://www.endlessos.org/. ^
  15. Callahan, David. “The Most Powerful Heirs in Philanthropy.” Inside Philanthropy. Inside Philanthropy, January 31, 2022. https://www.insidephilanthropy.com/home/2022/1/19/the-most-powerful-heirs-in-philanthropy. ^
  16. Reilly, Caitlin. “Doing and Seeing: Barbara Dalio’s Immersive Approach to Education Philanthropy.” Inside Philanthropy. Inside Philanthropy, July 19, 2019. https://www.insidephilanthropy.com/home/2018/7/3/doing-and-seeing-barbara-dalios-immersive-approach-to-education-philanthropy. ^
  17. Dalio philanthropies. Accessed March 7, 2022. https://www.daliophilanthropies.org/#about. ^
  18. “Dalio Philanthropies 990s.” guidestar.org, n.d. https://www.guidestar.org/profile/43-1965846. ^
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