Zach Murdock can be reached at zmurdock@courant.com. Aspiring Olympic Swimmer, 15, Dies in Car Crash While Visiting Colleges with Dad in N.C. DEVON Dalio is the son of Ray Dalio, a billionaire who founded one of the world's largest hedge funds. According to Greenwich Police and Fire Chief Joseph McHugh, his Audi had crashed into a Verizon store at a shopping center and exploded. He also served as a board member of the Dalio Foundation, according to the . Devon Dalio, 42, died Dec. 17 when the car he was in crashed into a Verizon store in the Thruway Shopping Center and caught fire. Devon was CEO of the Dalio Family Office for eight years before he founded his private equity firm. This category only includes cookies that ensures basic functionalities and security features of the website. var zergnet = document.createElement('script'); "May God be with you and may you cherish your blessings, especially at this time of year. The tragic death of Devon left the Dalio family in unbearable pain. Hedge fund billionaire Ray Dalio's eldest son, Devon Dalio died in a car crash in Greenwich, Connecticut on 17 December 2020. A place for biographies & articles focus on gossip, rumors, affairs, relationships, anniversaries, salaries, net worth, Copyright 2023 GossipGist. Dalios Audi crashed into the Verizon store at a shopping center Thursday afternoon and burst into flames. Ray Dalio, who is married and has three other children, thanked his followers and said he did not plan to speak publicly about Devon Dalio's death moving forward. As close friends of Gov. Authorities reportedly said that the gas tank likely ruptured during the crash, which caused the car to burst into flames. Almost a week after a fiery crash in Greenwich killed Devon Dalio, the son of billionaire philanthropists Ray and Barbara Dalio, medical examiners and local detectives are still working to determine what caused the incident. Based on comments interaction above, I believe it is better this article be taken off. "Because my family isvery close to me and each other, we went through this, and are continuing through this, as a shared experience. Gov. After a collision with a Verizon store, his Audi S6 burst into flames. Having worked at his father's company in several top positions, he started a private equity firm on his own. Market data provided by Factset. 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. The family spokesperson confirmed the death in a Thursday afternoon crash to Hearst Connecticut Media. His birth place is in Greenwich, Connecticut in the United States. He is survived by his wife and a daughter. In addition to his three brothers Paul and Matthew Ace, Devon also had a sister. Devon tragically passed away on December 17. His past included working at Bridgewater Associates and serving as co-CEO of the Dalio Family Office. Foul Play or Suicide? As we mentioned in the first paragraph, he probably couldnt control the car because of mental health problems. Click here to help us to improve this page. Devon Dalio is survived by his beautiful daughter and spouse (names are not available). Thanks for your interaction and information. He was also a partner at the firm. This website uses cookies to improve your experience while you navigate through the website. May God be with you and may you cherish your blessings, especially at this time of year.". By the time cops arrived, the store was completely engulfed in smoke, though employees were able to exit unharmed and no one else was injured. He died at the age of 42. 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.". Bridgewater Associates, the world's largest hedge fund, was founded in 1975 by Ray Dalio. Ray Dalio, 71, was ranked the 46th richest person in the world by Forbes this year, with an estimated net worth of $18billion. Your email address will not be published. See New Local Jobs, General Mills Recalls Gold Medal Flour In CT Due To Salmonella Risk, 1 Killed, Child Critically Injured In Major Highway Crash: CT News. Romance in the Air, Story of AustralianGreat Singer Archie Roachs Cause of Death, Star Wars Star Jeremy Bullochs Death Cause: a Tragic Disease, Tom Hannemans Cause of Death Seems to be a Heart Attack, Tom Hannemans Cause of Death Seems to be a Heart Attack, Gov. My family and I are mourning and processing and would prefer to be incommunicado for the time being, wrote Ray, 71. Devon Dalio was killed on Thursday afternoon when his 2016 Audi drove over the parking strip, mounted the curb, and crashed into the Verizon storefront located within the Riverside Commons Shopping Center at 1253 E. Putnam Ave. After entering the building, a fire ignited. Is Nanci Griffiths Cause of Death Related to a Health Problem? Maybe some days later, police prove there was another cause for the crash. According to the foundations tax filings, he also served as a board member of the Dalio Foundation. 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. His mental health problems reportedly led him not to control the car and crash a store. The well-respected investor . Image source: Greenwich time The family confirmed the death on Thursday afternoon. 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. In addition to his father and mother Barbara, Devon Dalio is survived by a wife, daughter and three brothers. Mutual Fund and ETF data provided by Refinitiv Lipper. All rights reserved. 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. Devon Dalio was born on 26 March 1978. A total of $3 million dollars was directed toward the sponsorship of childcare services at 26 centers across the state for hospital workers. His father served as co-chief investment officer of Bridgewater Associates since 1985. First Selectman Fred Camillo issued a statement to the Greenwich Sentinel as well. More details about his early life will be updated soon. Devon Dalio was a married father of one. A spokesperson for the family confirmed his death on Thursday following the crash in Connecticut. No other information is immediately available about the incident. Employees were able to get out without being harmed. His grandparents were Marino Dallolio and Ann Dallolio. Quotes displayed in real-time or delayed by at least 15 minutes. More details about his personal life will be updated soon. 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The cause of Devon's car crash is yet to be determined. znscr.parentNode.insertBefore(zergnet, znscr); A family spokesperson says the 42-year-old son of hedge fund founder Ray Dalio died in a car crash this week. Sign up for free Patch newsletters and alerts. The family spokesperson on Friday, Dec. 18, 2020 confirmed Devon Dalio's death in a Thursday afternoon crash to Hearst Connecticut Media. They saw that the store was completely burnt and nothing was visible as it was filled with smoke. The names of his wife and children remain a mystery. Ray Daliosaid in a tweet that his family was mourning and processing and would prefer to be incommunicado for the time being., 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. Devon Dalio stood tall at the approximate height of 1.84 m i.e. Devon Dalio, 42, was the son of Raymond Dalio, 71, the billionaire founder of Bridgewater Associates, a hedge fund he founded in 1975. Ray Dalios sons mental health may cause his fatal accident; Devon Dalio was killed. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. The son of hedge fund billionaire, Ray Dalio. The Greenwich Fire Department and police arrived at the scene at about 3:50 p.m. Thursday. Prior to his death, Devon Dalio worked as a project manager at Bridgewater Associates, according to his LinkedIn page. His zodiac sign was Aries. More articles: Star Wars Star Jeremy Bullochs Death Cause: a Tragic DiseaseTom Hannemans Cause of Death Seems to be a Heart Attack. 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. 2023 FOX News Network, LLC. 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. Ray Dalio confirmed his son's death via social media. 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. Bridgewater is the world's largest hedge fund at present. May God be with you and may you cherish your blessings, especially at this time of year, he continued. Devon grew up with three brothers and was married with a daughter. This investigation has many components and the Greenwich Police Department wants to ensure all avenues are appropriately assessed and its findings are properly documented, Zuccerella said. Our prayers are with Ray and Barbara, who have been champions for Connecticuts children.. May God be with you and may you cherish your blessings, especially at this time of year.. You've successfully subscribed to this newsletter! 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. Devon Dalio, the 42-year-old son of hedge fund billionaire Ray Dalio, was killed last week in a car accident in Connecticut after his vehicle crashed through a store in a shopping center. 2023 FOX News Network, LLC. Fans Mourn Legendary Composer Don Sebeskys Death at 86, Coronation Street Star Barbara Youngs Obituary Released, Mysterious Story of Young Rapper Tidinzs Cause of Death, Alec Baldwin Charged With Manslaughter in Rust Shooting, Vhong Navarros Rape Charges Led him Transferred to NBI, Fans Ask about Singer Daniel Levis Cause of Death, Shocking Story of AGT Contestant Nolan Neals Cause of Death, Halsey and Alev Aydin Break Up 2 Years after Welcoming Son, Maddie Ziegler and Eddie Benjamin Call it Quits After 3 Years, Are Eiza Gonzalez and Ben Simmons Dating? His father Ray has a net worth of $18.7 billion. A car accident in Greenwich, Connecticut, killed Ray Dalio 's eldest son, Devon Dalio, on December 17, 2020 at the age of 42. Our prayers are with Ray and Barbara, who have been champions for Connecticuts children.. Devon Dalio, the son of Greenwichs Ray Dalio, died in a car crash at the Riverside Commons Shopping Center on Thursday. He was also a former employee at Bridgwater Associates. Save my name and email in this browser for the next time I comment. He died when he was 42 years old. Ray Dalio's son Devon Dalio worked at Bridgewater Associates, his father's hedge fund. Fox News Flash top headlines are here. His Audi S6 crashed into a Verizon store and burst into flames. GREENWICH, CT Devon Dalio, 42, the son of Ray and Barbara Dalio, . Authorities have not said whether speed could have played a factor in the crash. The 42-year-old'scar mounted the curb and crashed into the front of a Verizon store, coming to a stop after traveling completely into the shop. 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. He was the only victim of the incident. And your article doesnt states a single reason why mental health may have been a contributing factor to the crash.
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