Billionaire Ray Dalio says his son was killed in car crash

• Ray Dalio announced on Twitter that his 42-year-old son Devon Dalio was killed in a car crash in Greenwich, Connecticut.
• Investigators were still trying to determine what caused the car crash on Friday.
• “My family and I are in mourning and dealing and would rather be in solitary confinement for now,” Ray Dalio, founder of Bridgewater Associates, wrote on Twitter.
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Devon Dalio, the son of billionaire hedge fund founder Ray Dalio, was killed in a car crash Thursday afternoon, a family spokesperson confirmed to the Connecticut Post.

Devon, who was 42 at the time of the death, was driving an Audi that crashed into a Verizon store in Greenwich, Connecticut, where it caught fire, said Greenwich Police and Fire Chief Joseph McHugh at the Post. Investigators were still trying to determine what caused Dalio to crash on Friday.

his father shared the grim news in a Friday tweet.

“It is with great sorrow that I share with you that my 42 year old son was killed in a car accident yesterday,” said Ray Dalio, Founder and Co-Investment Director of Bridgewater Associates, the largest fund speculative to the world. . “My family and I are in mourning and being treated and would rather be in solitary confinement for now.

Devon, Ray and his wife Barbara’s eldest son, were the co-founder and partner of private equity firm P-Squared Management Enterprises, according to his LinkedIn page. He is survived by a wife and a daughter.

He was also a board member of his family’s foundation, Dalio Philanthropies, and he wanted to support health, veterans and animal welfare, a spokesperson told the Connecticut Post.

“We know the terrible pain we are feeling has been and continues to be felt by so many others, so our sympathies are with them,” Ray Dalio said in a subsequent tweet. “May God be with you and cherish your blessings, especially at this time of year.”

Elder Dalio’s tweet was greeted with a surge of support, and Connecticut Gov. Ned Lamont said he and his wife were “devastated” by the news.

“As parents, we can’t imagine the heartbreak and sadness of their loss,” Lamont said in a point-of-sale statement. “Our prayers are with Ray and Barbara who were the Connecticut Children’s Champions.”