Some sources believe that his mental health problems caused the crash. The car's operator, later identified as Devon, was pronounced dead at the scene. The vehicle and the store became engulfed in flames and Dalio could not be saved. December 18, 2020. May God be with you and may you cherish your blessings, especially at this time of year. 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. Devon Dalio dead - Billionaire Ray Dalio's son killed - The Sun 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. 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. Devon Dalio's death main cause was speeding The police arrived on the accident scene at around 3:50 pm. Our prayers are with Ray and Barbara, who have been champions for Connecticuts children.. 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. Who is Devon Dalio? Ray Dalio Son Dies; His Wife, Bio, Wiki, Age, Cause The cause of the collision and the fire, as well as the cause of the driver's death, is currently unknown, Zuccerella said. His sexual orientation was straight. By using BiJog.com you agree to our Terms of Use and Privacy Policy. Based on comments interaction above, I believe it is better this article be taken off. Devon Dalio was a businessman who was better known as the eldest son of hedge fund billionaire, Ray Dalio. His father served as co-chief investment officer of Bridgewater Associates since 1985. Fox News Flash top headlines for January 25. As parents, we cannot imagine the grief and sadness of this loss. He served in the position for 8 years. An Audi drove into a Verizon store at the Riverside Commons shopping center and burst into flames, Greenwich police and Fire Chief Joseph McHugh said, according to the Greenwich Time. Legal Statement. 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, son of billionaire Ray Dalio, dies in car crash - Yahoo! When police arrived at the scene, the store was engulfed in smoke. var zergnet = document.createElement('script'); 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. Dalio was the co-founder and partner at P-Squared Private Equity. Dangerous conditions prevented first responders from approaching the interior, but employees inside the store were able to escape unharmed. DEVON Dalio, the son of billionaire hedge fund founder Ray Dalio, died when his Audi slammed into a Verizon store and burst into flames. You have to enable javascript to fully function this website. Your email address will not be published. They Refused to Fight for Russia. Ray Dalio, Devin's father, served as a co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, which he founded in 1975. Devon Dalio was a married man. When P-Squared Private Equity was created, Dalio was one of the founding partners. Greenwich police and Fire Chief Joseph McHugh confirmed that Devon crashed his Audio into the mall where it then burst into flames. Ned Lamont, a Greenwich resident, said in a statement that he was devastated by Devon Dalios death. May God be with you and may you cherish your blessings, especially at this time of year. 2023 FOX News Network, LLC. The son of hedge fund billionaire, Ray Dalio. Devon Dalio was born on 26 March 1978. 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. Do you have any idea or official information about the incident? He was the only victim of the incident. The identity of his wife and children is not available at present. He was also the board member at Dalio Foundation. "My family and I are mourning and processing and would prefer to be incommunicado for the time being. Why Felicity Hoffman Sentenced to Only 14 Days in Prison? We will update it asap. 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, the eldest son of hedge fund millionaire Ray Dalio, was an ex-American entrepreneur who gained fame. Who was Devon Dalio? Son of billionaire hedge fund manager Ray Dalio Painting in Watercolor Workshop (all levels) with Greta Corens! 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. We are also working with the Greenwich Fire Marshalls office regarding the fire cause and origin.. The cause of crash, fire and death of Devon Dalio are still under investigation. Necessary cookies are absolutely essential for the website to function properly. 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. (deployads = window.deployads || []).push({}); (function() { According to Greenwich Police and Fire Chief Joseph McHugh, his Audi had crashed into a Verizon store at a shopping center and exploded. The area approacing the E Put and Exit 5 intersection will be closed and traffic deverted. His father, Ray Dalio, took to social media and confirmed his sons passing. His zodiac sign was Aries. 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. Police are still investigating the cause of the crash which almost destroyed the store. He also served as a board member of the Dalio Foundation, according to the foundations tax filings. The inquiry into Devon's vehicle accident is ongoing, and the shopping mall was seriously damaged. "Our prayers are with Ray and Barbara, who have been champions for Connecticut's children.". My family and I are mourning and processing and would prefer to be incommunicado for the time being, wrote Ray, 71. He worked as the CEO of the Dalio Family Office. All rights reserved, Permalink: https://gossipgist.com/devon-dalio. The Office of the Chief Medical Examiner told FOX61 that it was determined Dalio died by accidental smoke inhalation and thermal injuries. More articles: Star Wars Star Jeremy Bullochs Death Cause: a Tragic DiseaseTom Hannemans Cause of Death Seems to be a Heart Attack. He then co-founded an equity firm, P-Squared Private Equity. 5 The car burst into flames when it crashed into the mall 5 The inquiry into Devon's vehicle accident is ongoing, and the shopping mall was seriously damaged. Devon Dalio was killed in a fiery crash on Dec. 17 when the car he was driving slammed into a Verizon store in the Thruway Shopping Center. Everyone else in the store was unhurt and escaped but Dalio did not. 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, Dalio said. Devon Dalio lived a good life as both a husband and a parent. The family spokesperson confirmed the death in a Thursday afternoon crash to Hearst Connecticut Media. The car crash that killed Devon Dalio occurred Thursday afternoon in Greenwich, Connecticut, a family spokesperson told Connecticut media Friday. 'It was like a bomb went off that tore our family up,' says Dalio of Late Monday afternoon, the Office of the Chief Medical Examiner confirmed the victim of Thursday's fiery fatal crash into a store in a Greenwich shopping center was indeed 42-year-old Devon Dalio . GREENWICH, Conn. Officials confirmed Friday the cause of 42-year-old Devon Dalio's death back in December. The cause of Devon's car crash is yet to be determined. 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. Authorities have not said whether speed could have played a factor in the crash. The Town of Greenwich sends its heartfelt thoughts and prayers out to the Dalio family at this time. Devon Dalio, the son of Greenwichs Ray Dalio, died in a car crash at the Riverside Commons Shopping Center on Thursday. He died of smoke inhalation and thermal injuries,. My family and I are mourning and processing and would prefer to be incommunicado for the time being. Ray Dalio announced the death of his son Devon on Twitter on Friday. 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. A car accident in Greenwich, Connecticut, killed Ray Dalio's eldest son, Devon Dalio, on December 17, 2020 at the age of 42. Dalios Audi crashed into the Verizon store at a shopping center Thursday afternoon and burst into flames. To request removal of your name from an arrest report, submit these required items to arrestreports@patch.com. In addition to his three brothers Paul and Matthew Ace, Devon also had a sister. 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. A car accident in Greenwich, Connecticut, killed Ray Dalio 's eldest son, Devon Dalio, on December 17, 2020 at the age of 42. 'Power Of Love' Helps Dalio Family Heal After Tragedy The Dalio family was devastated by Devon's unexpected passing. During this holiday season, may God's blessings be upon you and may you never forget to be thankful for what you have.". A spokesperson for the family confirmed his death following the crash in Connecticut. An Audi had crashed into a Verizon store at a shopping center and burst into flames, Greenwich police and Fire Chief Joseph McHugh said. After working in various high-level positions at his father's company, he decided to start his own private equity firm, which proved to be very lucrative. He was born to a father, Ray Dalio, and a mother, Barbara Dalio. The cause of the crash . Maybe some days later, police prove there was another cause for the crash. 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.". zergnet.type = 'text/javascript'; zergnet.async = true; No other information was released on the crash. Devon Dalio was a married father of one. 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. 2023 FOX News Network, LLC. Death. The family confirmed the death on Thursday afternoon. The Law Did Not Treat Them Kindly. His Audi S6 crashed into a Verizon store and burst into flames. Billionaire Ray Dalio confirms son's car crash death: 'My family and I Powered and implemented by FactSet Digital Solutions. Devon Dalio is survived by his beautiful daughter and spouse (names are not available). })(); Cheney H.S student killed after impaled during gym class, Louisiana woman kills boyfriends daughter, wheels body to moms lawn, Mom influencer convicted of lying about Latino couple kidnapping children, TikTok challenge gone wrong leaves Wake Forest teen w/ 80% burns to body, Doing what they loved: Couple killed in plane crash in Georgia during 400 mile trip, Billionaire hedge fund son dies crashing into Verizon store, The son of the owner of the worlds largest, Dalios Audi crashed into the Verizon store at a shopping center Thursday afternoon and burst into flames. Connecticut Gov. Dalio, 42, died of smoke inhalation and thermal injuries in the Dec. 17, the M.E.'s office said Thursday afternoon. He was also a partner at the firm. 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. His Audi S6 crashed into a Verizon store and burst into flames. That is not a photo of Devon, that is a photo of his brother. It is irresponsible and a shame. When officials arrived on scene just before 4 p.m., the inside of the building was completely engulfed in smoke.