Hedge fund billionaire Ray Dalio's eldest son, Devon Dalio died in a car crash in Greenwich, Connecticut on 17 December 2020. 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. The identity of his wife and children is not available at present. His father served as co-chief investment officer of Bridgewater Associates since 1985. His past included working at Bridgewater Associates and serving as co-CEO of the Dalio Family Office. 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. Bridgewater is the world's largest hedge fund at present. When P-Squared Private Equity was created, Dalio was one of the founding partners. 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. William Winters Death Cause is Under Investigation, Plastic Surgery Leads to Death of Kim Kardashian Twin, Carolyn Bryant, Woman at Center of Emmett Till Killing, Dies, Stew Leonards Founder Stew Leonards Cause of Death, Talk Show Host Jerry Springers Cause of Death Disclosed, Is Tekashi 69 Dead at 24?; A Shocking Question Raised by Rumors, Author of Bullshit Jobs David Graebers Death Cause is Wired, Car Accident Was Demitra Roches Death Cause Reportedly, What We Know About Famed DJ Erick Morillos Death Cause. Ray Dalios sons mental health may cause his fatal accident; Devon Dalio was killed. In response to the COVID-19 pandemic earlier this year in March, Barbara and Ray Dalio and Dalio Philanthropies announced a $4 million donation in support of medical care and food for those who are most stressed and cannot afford it. Devon Dalio was a businessman who was better known as the eldest son of hedge fund billionaire, Ray Dalio. A spokesperson for the family confirmed his death on Thursda Rachel DeSantis. His father, Ray, has a net worth of $18.7 billion. As parents, we cannot imagine the grief and sadness of this loss. znscr.parentNode.insertBefore(zergnet, znscr); Devon Dalio Cause of Death Hedge fund billionaire Ray Dalio's eldest son, Devon Dalio died in a car crash in Greenwich, Connecticut on 17 December 2020. Maybe some days later, police prove there was another cause for the crash. These cookies do not store any personal information. Dalios Audi crashed into the Verizon store at a shopping center Thursday afternoon and burst into flames. "May God be with you and may you cherish your blessings, especially at this time of year. Authorities reportedly said that the gas tank likely ruptured during the crash, which caused the car to burst into flames. BILLIONAIRE RAY DALIO SPEAKS OUT ABOUT 'JOURNEY AND REFLECTIONS' FOLLOWING SON'S SUDDEN DEATH. After a collision with a Verizon store, his Audi S6 burst into flames. Devon Dalio, 42, was the son of Raymond Dalio, 71, the billionaire founder of Bridgewater Associates, a hedge fund he founded in 1975. His Audi S6 collided with a Verizon store and caught fire. We'll assume you're ok with this, but you can opt-out if you wish. 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Devon Dalio is survived by his wife and daughter, his parents and three siblings. 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. Hedge fund founder Ray Dalios son, Devon Dalio, 42, died in a car crash. Ned Lamont, the Dalios used their philanthropic and business might this year to publicly and behind the scenes support the states supply of personal protective equipment and school technology after the COVID-19 pandemic began. My family and I are mourning and processing and would prefer to be incommunicado for the time being, wrote Ray, 71. A place for biographies & articles focus on gossip, rumors, affairs, relationships, anniversaries, salaries, net worth, Copyright 2023 GossipGist. In addition to his father and mother Barbara, Devon Dalio is survived by a wife, daughter and three brothers. He died of smoke inhalation and thermal injuries, according to medical examiners. As parents, we cannot imagine the grief and sadness of their loss. His father founded Bridgewater in 1975. He was also a former employee at Bridgwater Associates. You've successfully subscribed to this newsletter! The inquiry into Devon's vehicle accident is ongoing, and the shopping mall was seriously damaged. Click here to help us to improve this page. In 2014 he reportedly earned $1.1 billion, including his firms management and performance fee shares, cash payment, and stock and option awards. He is survived by his wife and a daughter. He died when he was 42 years old. Police are still investigating the cause of the crash which almost destroyed the store the Associated Press reported. When officials arrived on scene just before 4 p.m., the inside of the building was completely engulfed in smoke. Thanks for informing us. The fire was eventually put out, and the scene was handed over to the Greenwich Police Department and the Connecticut State Police. The cause of the crash . According to his family, Devon Dalio was the Co-Founder of P-Squared Management Enterprises, a private equity firm that is focused on small and mid-market healthcare technology companies. 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 served in the position for 8 years. Our prayers are with Ray and Barbara, who have been champions for Connecticut children, Lamont said. No other information was released on the crash. 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. The Dalio family was devastated by Devon's unexpected passing. He worked as the CEO of the Dalio Family Office. 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. All rights reserved, Permalink: https://gossipgist.com/devon-dalio. Devon grew up with three brothers and was married with a daughter. Dalio currently serves as Bridgewaters chairman and co-chief investment officer after launching the firm out of his two-bedroom apartment in New York City 45 years ago, according to the companys website. Source: @thesun Devon Dalio Cause of Death: Devon Dalio, the eldest son of hedge fund billionaire Ray Dalio, died in a car accident in Greenwich, Connecticut on December 17, 2020. Son of billionaire hedge fund manager Ray Dalio, Trump again pushes conspiracy he WON election by a lot and tells Republicans not to let great win be stolen, Epstein sex slave taunts Prince Andrew saying 'Are you sweating yet?' Multiple sources confirmed that Devon also had some mental health problems. Connecticut Gov. His birth place is in Greenwich, Connecticut in the United States. As close friends of Gov. His brother Paul is open about his bipolar disorder. 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. 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. Devon Dalio, the son of Greenwichs Ray Dalio, died in a car crash at the Riverside Commons Shopping Center on Thursday. To request removal of your name from an arrest report, submit these required items to arrestreports@patch.com. Born to a billionaire father, he grew up in a luxurious lifestyle. 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. This website uses cookies to improve your experience while you navigate through the website. The Office of the Chief Medical Examiner told FOX61 that it was determined Dalio died by accidental smoke inhalation and thermal injuries. 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. He died at the age of 42. The vehicle and the store became engulfed in flames and Dalio could not be saved. Connecticut's Office of the Chief Medical Examiner determined the death of Devon Dalio was an accidentand was caused by the burns and smoke inhalation he suffered after his 2016 Audi erupted inflames shortly before 4 p.m. on Dec. 17, a spokesperson for the office told Fox News. The family spokesperson confirmed. The Greenwich Medical Spa, which is close to the Verizon store, is also closed. Prior to his death, Devon Dalio worked as a project manager at Bridgewater Associates, according to his LinkedIn page. zergnet.type = 'text/javascript'; zergnet.async = true; Dangerous conditions prevented first responders from approaching the interior, but employees inside the store were able to escape unharmed.