Saturday, June 15, 2024

Hedge Fund Billionaire’s Son Directing Film Produced by Spike Lee


A new casting call went out today for “Mania Days,” which starts shooting April 1st. Paul Dalio, son of Hedge fund billionaire Ray Dalio, directs. Spike Lee is producing. Financing is likely in place.

From March 21, 2012: Remember Ray Dalio? The man who runs the $80 billion Bridgewater Hedge Fund was recently profiled in Forbes. And I told you that Dalio is also a fan of Jennifer Lopez–he funds her charity–and a heavy contributor to director David Lynch’s Transcendental Meditation charity. (And you thought his mantra was just ‘money, money money’.)

Now Dalio’s son, Paul, a TV producer at the David Lynch Foundation, is now getting ready to make his debut as a  feature director with a film called “Mania Days.” And the producer of the film is, of all people, Spike Lee. ‘Producer’ is not executive producer–Spike isn’t coming up with the money. But according to a production sheet that went out on Friday, Spike is going to be overseeing Dalio’s film on a hands-on basis, which he rarely does for films other than his own. Dalio, like Lee, is a graduate of the NYU Film School.

Dalio wrote and will direct the film about a manic depressive rapper who gets involved with a manic depressive poet in a passionate affair that results in a pregnancy. There’s no word on who’s financing “Mania Days,” but all things considered, it shouldn’t be hard to find the money. His mom is loaded, too–she’s a direct descendant of the Vanderbilt-Whitney families, making Paul a cousin, by the way, of Anderson Cooper, son of Gloria Vanderbilt.

Paul Dalio’s previous credits include  a short film called “The Order” about  “Sam, a major driver behind economic policy, devises a plan to get the country out of a depression by harnessing the power behind people’s desires for conflict.” He also co-wrote a feature called “Faith, Love and Whiskey,” that was shot in Bulgaria and shown in January at the alternative Slamdance Film Festival. In February, Dalio married the director-star of the film, Kristina Nikolova.

Roger Friedman
Roger Friedman
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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