Greenwich Town Party
Bridgewater Associates founder Ray Dalio, fresh
off a $3.9 billion payday, has pledged to
match all contributions to the annual town party on the
waterfront in his hometown of Greenwich, Conn.
Tickets to the Memorial Day weekend party, to be headlined
by Paul Simon, go for $40 apiece for residents of the swanky
New York City suburb. But that price covers less than 25% of
the cost of putting on the event, putting the fundraising onus
on "local businesses and residents with greater means in the
community," according to a press release. The 5,000 tickets to
this year’s event are already sold out.
"Dalio and other organizers’ vision of the
Greenwich Town Party—a celebration of community
spirit, fellowship and mutual generosity—is to create
a quality annual music and family festival that brings
individuals and families in the town of Greenwich together to
both enjoy and support the event," the release said.
Dalio is head of Bridgewater—the
world’s largest hedge fund—which is
based in nearby Westport. His other philanthropic endeavors
include the Robin Food Foundation, the hedge fund-heavy charity
founded by Greenwich resident Paul Tudor Jones and others in 1988 to
combat poverty in New York City.
Dalio gave Robin Hood $10 million last year.
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