Ray Dalio Threatened Multibillion-Dollar Lawsuit Over Upcoming Tell-All Book: Report

Ray Dalio Threatened Multibillion-Dollar Lawsuit Over Upcoming Tell-All Book: Report


Ray Dalio is trying to silence a tell-all book that pierces the veil of his long-standing image as a “benevolent business titan,” the New York Post’s On The Money reported.

Earlier this year, Dalio and his hedge fund Bridgewater Associates reportedly threatened publishing house Macmillan with a multibillion-dollar lawsuit over the forthcoming publication of reporter Rob Copeland’s new book, The Fund: Ray Dalio, Bridgewater Associates, and the Unraveling of a Wall Street Legend, according to letters reviewed by On The Money.

“Ray Dalio does not want you to read this book,” reads the novel’s Amazon page. The book claims it “punctures this carefully-constructed narrative of the benevolent business titan” and in 352 pages exposes the truth behind Dalio’s ‘principles’: “they encouraged a toxic culture of paranoia and backstabbing.”

 The book is set to be published Nov. 7. 

Dalio founded Bridgewater, the largest hedge fund in the world, in 1975. He is worth about $19 billion, according to Forbes. Dalio published Principles: Life & Work in 2017, in which he codifies his approach to both life and management.

While Dalio has advocated for “radical transparency” in management, an insider told the Post that Copeland’s book contains “reams of scenes of Dalio and others acting harshly toward underlings, and wielding the so-called ‘Principles’ as a weapon.”

Letters sent by top lawyers, obtained by the Post, show the concern surrounding the book’s potential impact on Dalio and Bridgewater’s reputation. Bridgewater allegedly also wanted a third-party fact-checker to be brought in.

Previous Post Next Post