Billionaire hedge fund investor Ray Dalio has tweeted in regards to the loss of life of his 42-year-old son, Devon Dalio, killed in a automobile accident earlier this week.
Devon Dalio was driving when his automobile crashed right into a Verizon retailer in Greenwich, Connecticut, on Thursday, in line with the Connecticut Publish newspaper.
Dalio’s Audi crashed into the shop and burst into flames. Police are nonetheless investigating the reason for the crash, which just about destroyed the shop. No workers had been injured, in line with the Associated Press.
Devon was Ray and Barbara Dalio’s oldest son and was co-founder of P-Squared Administration Enterprises, a non-public fairness agency targeted on small- and mid-market well being care know-how firms. He was a Dalio Basis board member.
He’s survived by a spouse and daughter, his dad and mom and three brothers.
Ray Dalio is the founder and co-chief funding officer of Bridgewater Associates, the world’s largest hedge fund, and is usually sought out for his views on the inventory market
His internet price is $15.5 billion, in line with the Bloomberg Billionaires Index.