GREENWICH, Conn. Officials confirmed Friday the cause of 42-year-old Devon Dalio's death back in December. 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. Devon Dalio dead - Billionaire Ray Dalio's son killed - The Sun 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.". First Selectman Fred Camillo issued a statement to the Greenwich Sentinel as well. 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. Devon Dalio is survived by his wife and daughter, his parents and three siblings. The family spokesperson confirmed the death in a Thursday afternoon crash to Hearst Connecticut Media. Devon Dalio car crash death: Did drugs, alcohol, mental health play a role? Greenwich Police have since released scant information in the case, other than that investigators have identified and are interviewing witnesses and analyzing evidence collected from the singed crime scene. 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. Virginia NAACP calls for resignation after state's chief diversity officer says 'DEI is dead', Permanent supporting housing project opens in South LA, Brenda Thurman's Daughter Accuses Dwayne Thurman of Murder. Devon Dalio died aged 42 in a car crash on 17 December 2020. The cause of the crash is still under investigation, Greenwich Police Department Public Information Officer Mark Zuccerella said. Legal Statement. Ray Dalio founded Bridgewater Associates in 1975 which is the world's largest hedge fund at present. During this holiday season, may God's blessings be upon you and may you never forget to be thankful for what you have.". 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. That is not a photo of Devon, that is a photo of his brother. Devon Dalio was born on 26 March 1978. He was a great philanthropist and has contributed to several charities especially in health, support for veterans, disaster relief, and animal welfare. 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. All rights reserved. An Audi had crashed into a Verizon store at a shopping center and burst into flames, Greenwich police and Fire Chief Joseph McHugh said. He previously served as the CEO of the Dalio Family Office. A place for biographies & articles focus on gossip, rumors, affairs, relationships, anniversaries, salaries, net worth, Copyright 2023 GossipGist. Man who lost wife, son in Texas mass shooting tells story, E. Jean Carroll resumes testimony in Trump rape trial after mistrial denied, Michael J. Quotes displayed in real-time or delayed by at least 15 minutes. It is with great pain that I am sharing with you that my 42 year old son was killed in a car crash yesterday. Everyone else in the store was unhurt and escaped but Dalio did not. Devon was CEO of the Dalio Family Office for eight years before he founded his private equity firm. We'll assume you're ok with this, but you can opt-out if you wish. Ray Dalio opens up about son's tragic death: 'It was like a bomb went DEVON Dalio is the son of Ray Dalio, a billionaire who founded one of the world's largest hedge funds. During this Christmas season, a time of joy, reflection, and hope, has now been marred for one family, Camillo said. His sexual orientation was straight. My family and I are mourning and processing and would prefer to be incommunicado for the time being. An Audi had crashed into a Verizon store at a shopping center and burst into flames, Greenwich police and Fire Chief Joseph McHugh said. The Dalio family is considered one of the wealthiest in the state. znscr.parentNode.insertBefore(zergnet, znscr); The fire was eventually put out, and the scene was handed over to the Greenwich Police Department and the Connecticut State Police. He was also a former employee at Bridgwater Associates. You have to enable javascript to fully function this website. He also served as a board member of the Dalio Foundation, according to the foundations tax filings. As you mentioned, Pauls bipolar disorder is revealed. Dalio apparently crossed over a parking strip and mounted a curb before hitting the doors and drove all the way into the store,police told the Greenwich Time. He also served as a board member of the Dalio Foundation, according to the foundation's tax filings. Prior to starting this endeavor, Devon was Co-CEO of the Dalio Family Office for eight years. His grandparents were Marino Dallolio and Ann Dallolio. You've successfully subscribed to this newsletter! (AP Photo/Ng Han Guan, File), Devon Dalio, the son of Connecticut's wealthiest couple was killed a fiery fatal crash into a Verizon store in Greenwich, Victim robbed at knifepoint after lured into East Lyme apartment: Police, Battle for late Johnny Winter's music to play out in court, FORECAST: Cool and unsettled start to May, Meet Drago, the Texas bull who captured the hearts of many as he escaped large hail. The fire and smoke prevented officers from approaching the interior of the store, according to police. As parents, we cannot imagine the grief and sadness of their loss. His previous position was CEO of Dalio Family Office. Devin Dalio died in a fiery car accident According to Greenwich Time, Devon's philanthropic interests included health and wellness, support for veterans, disaster relief, and animal welfare. Fox News Flash top headlines are here. Police are still investigating the cause of the crash which almost destroyed the store the Associated Press reported. Born to a billionaire father, he grew up in a luxurious lifestyle. Story continues. December 18, 2020. My family and I are mourning and processing and would prefer to be incommunicado for the time being. He was also the board member at Dalio Foundation. Preliminary investigations indicate the car went over the parking strip, mounted the curb, crashed through the store's front doors, and traveled completely into the store. as French model agent charged with rape of minors, Second round of stimulus checks 'MUST be included' in next relief bill to 'help millions of struggling Americans', Fury as Boris Johnson 'sacrifices' family Christmas for 20m with Tier 4 lockdown and bubbles axed, Candace Owens AGAIN pushes anti-Covid vaccine conspiracy theory after calling Dr Fauci and Bill Gates 'pure evil', Devon Dalio dead - Billionaire Ray Dalio's son killed when Audi slammed into Verizon store and burst into flames, Bizarre moment woman jiggles boobs at jockeys as they ride by as raucous Australian racegoers return to track, New motorway cameras could fine drivers 100 for tailgating as trial catches 26,000 vehicles in two months, New York Times admits ISIS Caliphate podcast was based off interviews with a con artist. His father, Ray Dalio, took to social media and confirmed his sons passing. 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. Social media was awash in speculation of whether drugs or alcohol may have contributed to the crash. May God be with you and may you cherish your blessings, especially at this time of year. Devon Dalio was born in Los Angeles on March 26, 1978 to parents Ray and Barbara Dalio. The car crash that killed Devon Dalio occurred Thursday afternoon in Greenwich, Connecticut, a family spokesperson told Connecticut media 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. Devon Dalio dead - Billionaire Ray Dalio's son killed - The Sun His father, Ray, has a net worth of $18.7 billion. In addition to his three brothers Paul and Matthew Ace, Devon also had a sister. Dangerous conditions prevented first responders from approaching the interior, but employees inside the store were able to escape unharmed. The family confirmed the death on Thursday afternoon. These cookies will be stored in your browser only with your consent. The family spokesperson on Friday, Dec. 18, 2020 confirmed Devon Dalio's death in a Thursday afternoon crash to Hearst Connecticut Media. or redistributed. 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. His father served as co-chief investment officer of Bridgewater Associates since 1985. Devin once worked for Bridgwater Associates . 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. We are also working with the Greenwich Fire Marshalls office regarding the fire cause and origin.. Painting in Watercolor Workshop (all levels) with Greta Corens! Click here to help us to improve this page. Devon Dalio's death main cause was speeding The police arrived on the accident scene at around 3:50 pm. Get all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox. Market data provided by Factset. He was 42. Regarding his educational background, he attended Lafayette College. An Audi had crashed into a Verizon store at a shopping center and . The cause of Devon's car crash is yet to be determined. Devon died on December 17 after his Audi slammed into a Verizon store and burst into flames. 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.
