Billionaire Ray Dalio says his son was killed in a automobile crash

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Ray Dalio, billionaire and founding father of Bridgewater Associates.

David Paul Morris | Bloomberg | Getty Photographs

Devon Dalio, the 42-year-old son of hedge fund founder Ray Dalio, died in a automobile crash this week, a household spokesperson stated Friday.

The household spokesperson confirmed the dying 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 Hearth Chief Joseph McHugh stated.

The reason for the crash remains to be beneath 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 known as the world’s largest hedge fund — stated his household was “mourning and processing and would favor to be incommunicado in the interim.”

“We all know that the horrible ache we’re feeling has been and continues to be felt by so many others so our sympathies exit to them,” he stated in a follow-up tweet. “Could God be with you and will you cherish your blessings, particularly presently of 12 months.”

Based on 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, in keeping with the inspiration’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 by which he stated he was “devastated” by the Devon Dalio’s dying.

“As mother and father, we can not think about the grief and disappointment of their loss,” Lamont stated. “Our prayers are with Ray and Barbara, who’ve been champions for Connecticut’s youngsters.”