Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, has invested in a firm that manufactures submarines for the super-rich and assists them in exploring the world’s most distant locations.
It is not news that the world’s super-rich billionaires are looking towards Space as an investment opportunity. It’s also no secret that Elon Musk and Jeff Bezos, two of the world’s wealthiest individuals, are vying for supremacy in space. Richard Branson has also thrown his hat into the ring, although from the outside.
Musk, the billionaire founder of SpaceX, Tesla, and now Twitter, wants to colonise Mars. Whereas Bezos, the creator of Amazon and Blue Origin, wants to develop an industrial base in space, Branson, the founder of Virgin Group, wants to dominate space tourism.
However, not every millionaire regards the sky as the last frontier. Ray Dalio is figuratively looking to delve into waters in search of wealth. Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, has invested in a firm that manufactures submarines for the super-rich and assists them in exploring the world’s most distant locations. According to the Financial Times, Dalio is now a co-owner of Florida-based Triton Submarines alongside legendary Hollywood filmmaker James Cameron.
“It’s one thing to travel on a boat in some exotic location. If you’re on a boat, you can go down and explore, which improves the experience and stimulates discovery,” Dalio told the Financial Times.
Patrick Lahey and Bruce Jones launched Triton Submarines in 2007 to build submersibles for yacht owners. The firm creates and produces submersibles for use in research, filmmaking, deep-ocean exploration, luxury yachting, and tourism.
Triton produces four to five vehicles each year and has a waiting list for its ships.
The price of the vessels varies from model range to capacity. The submarines are priced starting at $2.5 million and may go up to $40 million. The carrying capacity ranges from one to 66 people, and they can deep dive from 100 metres to entire ocean depth.
“You’re not going to see any aliens in outer space but you will see aliens underneath,” he says.
