Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a car accident this week, a family spokesman said Friday.
The family spokesman confirmed Hearst Connecticut Media’s death in a crash on Thursday afternoon. An Audi collapsed in a mall in a Verizon store and went up in flames, said Greenwich police and fire chief Joseph McHugh.
The cause of the crash is still being investigated, said Mark Zuccerella, public information officer for the Greenwich Police Department. The Verizon store was largely destroyed, the newspaper reported.
In a tweet, Ray Dalio said â ???? the billionaire founder of Westport, Connecticut-based Bridgewater Associates, known as the world’s largest hedge fund? said his family is grieving and coming to terms with and would prefer to be out of touch with the outside world for the time being. «
« We know the terrible pain we are feeling has been and is being felt by so many others that our condolences go out to them, » he said in a follow-up tweet. « May God be with you and may you appreciate your blessings, especially at this time of year. «
According to Devon Dalio’s LinkedIn page, he was a project manager at Bridgewater Associates. He was also a board member of the Dalio Foundation, according to the foundation’s tax returns. In addition to his parents Ray and Barbara Dalio, a wife, daughter and three brothers survived, the newspaper reported.
Connecticut Gov. . Ned Lamont, a Greenwich resident, issued a statement saying he was « devastated » by the death of the Devon Dalio.
« As parents, we cannot imagine the heartache and sadness of their loss, » Lamont said. « Our prayers are with Ray and Barbara who campaigned for the Connecticut children. «
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Ray Dalio, Bridgewater Associates, Connecticut, Greenwich, Barbara Dalio
World News – CA – Billionaire Ray Dalio says his son was killed in a car accident
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