The son of the owner of the largest hedge fund in the world died on Thursday, after he crashed his car in a Verizon store in Greenwich, Conn., The authorities said.
Devon Dalio, 42, was the son of Raymond Dalio, 71, the billionaire founder of Bridgewater Associates, a hedge fund he founded in 1975.
Dalio’s audio crashed Thursday afternoon in a Verizon store in a mall and burst into flames. Police are still investigating the cause of the collapse that nearly destroyed the store, according to the Associated Press.
It appears Dalio crossed a parking lane and set up a curb before knocking on doors and drove to the store, police told Greenwich Time.
When police arrived on the scene, the store was engulfed in smoke. Greenwich police said the car’s gas tank probably broke when the car entered the store. The employees were able to leave without being injured.
Dalio was a co-founder / partner at P-Squared Private Equity and was a project manager at his father’s company, according to his LinkedIn page. He graduated from Lafayette College.
Ray Dalio he said in a tweet that his family was “mourning and processing and would prefer to be incommunicado for the time being.”
Dalio followed with a second tweet:
“We know that the terrible pain we feel has been and continues to be felt by so many others, so our sympathies are directed at them. May God be with you and appreciate your blessings, especially at this time of year. “
In addition to his father and mother Barbara, Devon Dalio is survived by a wife, a daughter and three brothers.
“Annie and I are disappointed to learn of the sudden and tragic passing of Ray and Barbara Dalio’s son, Devon,” Connecticut Governor Ned Lamont, a family friend, said in a statement Friday. “As parents, we cannot imagine the pain and sadness of losing them. Our prayers are with Ray and Barbara, who were champions for the children of Connecticut. ”