Young billionaire died in Connecticut Verizon store | The State

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Devon Dalio, son of the owner of the world’s largest hedge fund, died after his car crashed into a Verizon store in Greenwich, Connecticut, authorities said.

The 42-year-old victim was the son of New Yorker Raymond Dalio (71), billionaire founder of the hedge fund “Bridgewater Associates”.

The heir’s Audi crashed into the Verizon store in a shopping mall Thursday afternoon and burst into flames. The police are still investigating the cause of the accident that almost destroyed the store, highlighted New York Post.

Dalio apparently crossed a parking strip and climbed onto the sidewalk before driving to the store, police told the newspaper Greenwich Time.

When authorities arrived, the business was engulfed in smoke. Greenwich Police said the gas tank probably broke when the car entered the store, but the employees were able to get out without damage.

Dalio was a co-founder and partner at P-Squared Private Equity and a project manager at his father’s firm, according to his LinkedIn page. He graduated from Lafayette College.

His father commented On twitter that her family was “in mourning and processing (the loss) and would prefer to be isolated for the moment (…) 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.

It is with great pain that I am sharing with you that my 42 year old son was killed in a car crash yesterday. My family and I are mourning and processing and would prefer to be incommunicado for the time being.

– Ray Dalio (@RayDalio) December 19, 2020

The man killed in a Greenwich crash was the son of Barbara and hedge fund manager Ray Dalio, the family says.https: //t.co/B7w3Z3IpzO

– New Haven Register (@nhregister) December 19, 2020

Son of wealthy philanthropists Ray and Barbara Dalio killed in Verizon store car crash https://t.co/wdFeSyFhjl

– 9 Breaking News (@ 9_breaking_news) December 19, 2020