The cause of the crash remains unclear, and Greenwich Police Department Public Information Office Mark Zuccerella, who did not immediately respond to PEOPLEs request for comment, said the vehicle went over a parking strip and mounted a curb before it crashed through the doors of the store, Hearst Connecticut Media reported. The family spokesperson confirmed the death in a Thursday afternoon crash to Hearst Connecticut Media. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Investigation continues into death of Devon Dalio after fiery crash in Ray Dalio's son's death ruled accident caused by smoke inhalation He later served as co-CEO of the Dalio Family Office before setting out to co-found his own private equity firm P-Squared Management Enterprises, focused on smaller health care technology companies. znscr.parentNode.insertBefore(zergnet, znscr); You also have the option to opt-out of these cookies. Ray Dalios sons mental health may cause his fatal accident; Devon Dalio was killed. Bridgewater is the world's largest hedge fund at present. He had 3 younger siblings. Greenwich police and Fire Chief Joseph McHugh confirmed that Devon crashed his Audio into the mall where it then burst into flames. In addition to his father and mother Barbara, Devon Dalio is survived by a wife, daughter and three brothers. He graduated from Lafayette College. Devon Dalio, son of billionaire Ray Dalio, dies in car crash - KSAT The area approacing the E Put and Exit 5 intersection will be closed and traffic deverted. A place for biographies & articles focus on gossip, rumors, affairs, relationships, anniversaries, salaries, net worth, Copyright 2023 GossipGist. GREENWICH, Conn. (AP) Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a car crash this week, a family spokesperson said Friday. Ned Lamont, a Greenwich resident, said in a statement that he was devastated by Devon Dalios death. We also use third-party cookies that help us analyze and understand how you use this website. (deployads = window.deployads || []).push({}); (function() { Devon Dalio dead - Billionaire Ray Dalio's son killed - The Sun May God be with you and may you cherish your blessings, especially at this time of year. The family confirmed the death on Thursday afternoon. He died at the age of 42. zergnet.src = (document.location.protocol == "https:" ? This material may not be published, broadcast, rewritten, Fox says it's 'very possible' he 'did some damage' in the '80s as he speculates about what contributed to his Parkinson's disease, 'Waste of time': Community college transfers derail students. Investigation continues into death of Devon Dalio after fiery crash in Ray and Barbara Dalio's Son, Devon, Killed In Greenwich Crash - Yahoo News A spokesperson for the family confirmed his death on Thursday following the crash in Connecticut. Devon Dalio - Net Worth, Salary, Age, Height, Weight, Bio, Family, Career Authorities have not said whether speed could have played a factor in the crash. His brothers are Paul, Matthew Ace, and Mark. Stephanie Pagones is a Digital Reporter for FOX Business and Fox News. ", 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, Devin once worked for Bridgwater Associates, his father's company, Devin drove his Audi into a Verizon store, The Audi and store both went up into flames, Ray Dalio, billionaire and founder of Bridgewater Associates LP, Ray speaks during the Economic Summit held for the China Development Forum in Beijing, China, Who was Devon Dalio? Example video title will go here for this video. In addition to running his firm, Devon was also a board member of the familys foundation Dalio Philanthropies, and was passionate about health and wellness, support for veterans, disaster relief and animal welfare, a family spokesperson told Hearst Connecticut Media. Dalio was a co-founder/partner at P-Squared Private Equity and was a former project manager at his fathers firm, according to his LinkedIn page. Your email address will not be published. GREENWICH, Conn. - Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a car crash this week, a family spokesperson said Friday. Zach Murdock can be reached at zmurdock@courant.com. The cause of the crash is still under investigation, Greenwich Police Department Public Information Officer Mark Zuccerella said. 2: Behind the Scenes with PEOPLE, Va. 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He belonged to white ethnicity and his religion was Christianity. Devon Dalio, son of billionaire Ray Dalio, dies in car crash The family spokesperson confirmed the death . Ray Dalio, the founder of Bridgewater Associates, announced the tragic loss on Twitter Friday, one day after Devon died in a single-car wreck . The car crash that killed Devon Dalio occurred Thursday afternoon in Greenwich, Connecticut, a family spokesperson told Connecticut media Friday. var znscr = document.getElementsByTagName('script')[0]; A total of $3 million dollars was directed toward the sponsorship of childcare services at 26 centers across the state for hospital workers. When police arrived at the scene, the store was engulfed in smoke. As parents, we cannot imagine the grief and sadness of their loss, Lamont said. Prior to starting this endeavor, Devon was Co-CEO of the Dalio Family Office for eight years. Painting in Watercolor Workshop (all levels) with Greta Corens! Devon Dalio was a married father of one. He died at the age of 42. It is irresponsible and a shame. He held an American nationality. Ned Lamont, who lives in Greenwich, issued a statement to the outlet mourning the loss of Devon. The names of his wife and children remain a mystery. Billionaire Ray Dalio founded Bridgewater in 1975 in New York. Staff writer Amanda Blanco contributed to this report. A car accident in Greenwich, Connecticut, killed Ray Dalio 's eldest son, Devon Dalio, on December 17, 2020 at the age of 42. Hepreviously said it was not yet clear if Dalio had any known history of medical conditions. His grandparents were Marino Dallolio and Ann Dallolio. He was 42. According to Greenwich Time, Devon's philanthropic interests included health and wellness, support for veterans, disaster relief, and animal welfare. The vehicle and the store became engulfed in flames and Dalio could not be saved. 'It was like a bomb went off that tore our family up,' says Dalio of When P-Squared Private Equity was created, Dalio was one of the founding partners. These cookies will be stored in your browser only with your consent. This site uses Akismet to reduce spam. His grandparents were Ann and Marino Dallolio. Greenwich Police have since released scant information in the case, other than that investigators have identified and are interviewing witnesses and analyzing evidence collected from the singed crime scene. Ray Dalio, 71, was ranked the 46th richest person in the world by Forbes this year, with an estimated net worth of $18billion. For the time being, my family and I would prefer to remain private about the death of a loved one." The hedge fund giant has since expanded into one of the largest in the world, managing roughly $140billion. Devon Dalio, son of billionaire Ray Dalio, dies in car crash - Yahoo News It is with great pain that I am sharing with you that my 42 year old son was killed in a car crash yesterday. We know that the terrible pain we are feeling has been and continues to be felt by so many others so our sympathies go out to them. In a tweet, Ray Dalio - the billionaire founder of Westport, Connecticut's Bridgewater Associates, known as the world's largest hedge fund - announced his son's death and said his family was "mourning and processing and would prefer to be incommunicado for the time being.". Hedge fund founder Ray Dalios son, Devon Dalio, 42, died in a car crash. His upbringing was nothing short of extravagant, being the son of a billionaire. He was 42 years old. An Audi had crashed into a Verizon store at a shopping center and burst into flames, Greenwich police and Fire Chief Joseph McHugh said. Rising Rapper ohtrapstar Dies in Fiery Car Crash That Killed 2 Others: Police, Remembering the 59 Slain Victims of the Las Vegas Concert Massacre, 3 Years Later, Tropical Storm Isaias Leaves At Least 8 People Including 5-Year-Old Girl Dead, PEOPLE Picks the Best New Books of the Week, Royal Baby No. It is mandatory to procure user consent prior to running these cookies on your website. He tweeted the following: "It is with great regret that I inform you that my 42-year-old son was killed in a car accident yesterday. During this Christmas season, a time of joy, reflection, and hope, has now been marred for one family, Camillo said. Ned Lamont, a friend of the family, said in a statement Friday. Legal Statement. All rights reserved. Devon Dalio is survived by his beautiful daughter and spouse (names are not available). May God be with you and may you cherish your blessings, especially at this time of year, he continued. His zodiac sign was Aries. As you mentioned, Pauls bipolar disorder is revealed. He wrote on Twitter, "It is with great pain that I am sharing with you that my 42 year old son was killed in a car crash yesterday. May God love Devon, and may He bless his family., Mozilla/5.0 (Linux; Android 10; K) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/112.0.0.0 Mobile Safari/537.36, Devon Dalio, Son of Ray Dalio, Dies in Riverside Commons Car Crash, Investigation of Thruway Shopping Center Motor Vehicle Collision Continues, Greenwich Police Continue to Investigate Fatal Riverside Crash. Dalio, 42, died of smoke inhalation and thermal injuries in the Dec. 17, the M.E.'s office said Thursday afternoon. This material may not be published, broadcast, rewritten, or redistributed. He was also a former employee at Bridgwater Associates. He was also a partner at the firm. He said in the days after his son's death he had tried "be free of all thoughts and obligations" and help others experiencing similar struggles. Employees were able to get out without being harmed. His previous position was CEO of Dalio Family Office. Dalio is the 2017 book Principles: Life & Work writer, which is about corporate management and investment knowledge. Devon Dalio, 42, was the son of Raymond Dalio, 71, the billionaire founder of Bridgewater Associates, a hedge fund he founded in 1975. Devin Dalio died in a fiery car accident According to Greenwich Time, Devon's philanthropic interests included health and wellness, support for veterans, disaster relief, and animal welfare. Sign up for free Patch newsletters and alerts. Learn how your comment data is processed. Devon Dalio Cause of Death - Gossip Gist The cause of Devon's car crash is yet to be determined. "As parents, we cannot imagine the grief and sadness of their loss," Connecticut Governor Ned Lamont, who also lives in Greenwich, said in a statement, according to the newspaper. Police are still investigating the cause of the crash which almost destroyed the store. He also served on the board of the Dalio Philanthropies with a focus on health and wellness, veteran support, disaster relief and animal welfare.