Devon Dalio, son of billionaire Ray Dalio, dies in car crash

Devon Dalio, son of billionaire Ray Dalio, dies in car crash

GREENWICH, Conn. – Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a automobile crash this week, a household spokesperson mentioned Friday.

The household spokesperson confirmed the demise in a Thursday afternoon crash to Hearst Connecticut Media. An Audi had crashed right into a Verizon retailer at a shopping mall and burst into flames, Greenwich police and Fireplace Chief Joseph McHugh mentioned.

The reason for the crash remains to be below investigation, Greenwich Police Division Public Info Officer Mark Zuccerella mentioned. The Verizon retailer was largely destroyed, the newspaper reported.

In a tweet, Ray Dalio — the billionaire founding father of Westport, Connecticut’s Bridgewater Associates, generally known as the world’s largest hedge fund — mentioned his household was “mourning and processing and would favor to be incommunicado in the interim.”

“We all know that the horrible ache we’re feeling has been and continues to be felt by so many others so our sympathies exit to them,” he mentioned in a follow-up tweet. “Might God be with you and will you cherish your blessings, particularly right now of yr.”

In accordance with Devon Dalio’s LinkedIn web page, he labored as a venture supervisor at Bridgewater Associates. He additionally served as a board member of the Dalio Basis, based on the muse’s tax filings. Along with his mother and father Ray and Barbara Dalio, he is survived by a spouse, daughter and three brothers, the newspaper reported.

Connecticut Gov. Ned Lamont, a Greenwich resident, launched a press release through which he mentioned he was “devastated” by the Devon Dalio’s demise.

“As mother and father, we can not think about the grief and unhappiness of their loss,” Lamont mentioned. “Our prayers are with Ray and Barbara, who’ve been champions for Connecticut’s kids.”

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