Verizon – Devon Dalio, son of billionaire Ray Dalio, dies in automotive crash
GREENWICH, Conn. (AP) — Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a automotive crash this week, a household spokesperson stated Friday.
The household spokesperson confirmed the loss of life in a Thursday afternoon crash to Hearst Connecticut Media. An Audi had crashed right into a Verizon retailer at a shopping mall and burst into flames, Greenwich police and Fireplace Chief Joseph McHugh stated.
The reason for the crash continues to be below investigation, Greenwich Police Division Public Data Officer Mark Zuccerella stated. The Verizon retailer was largely destroyed, the newspaper reported.
In a tweet, Ray Dalio — the billionaire founding father of Westport, Connecticut’s Bridgewater Associates, often called the world’s largest hedge fund — stated his household 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,” he said in a follow-up tweet. “May God be with you and may you cherish your blessings, especially at this time of year.”
In accordance with Devon Dalio’s LinkedIn web page, he labored as a venture supervisor at Bridgewater Associates. He additionally served as a board member of the Dalio Basis, based on the muse’s tax filings. Along with his mother and father Ray and Barbara Dalio, he is survived by a spouse, daughter and three brothers, the newspaper reported.
Connecticut Gov. Ned Lamont, a Greenwich resident, launched an announcement during which he stated he was “devastated” by the Devon Dalio’s loss of life.
“As parents, we cannot imagine the grief and sadness of their loss,” Lamont stated. “Our prayers are with Ray and Barbara, who have been champions for Connecticut’s children.”
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