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Billionaire hedge fund founder Ray Dalio says his family is 'mourning' after 42-year-old son was killed in a car crash

Billionaire hedge fund founder Ray Dalio says his family is 'mourning' after 42-year-old son was killed in a car crash

Ray Dalio, founder of Bridgewater Associates
Brian Snyder/Reuters




Ray Dalio announced on Twitter that his 42-year-old son Devon Dalio was killed in a car crash in Greenwich, Connecticut.




Investigators on Friday were still trying to determine what caused the car to crash.




"My family and I are mourning and processing and would prefer to be incommunicado for the time being," 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 death, was driving an Audi that crashed into a Verizon store in Greenwich, Connecticut, where it burst into flames, Greenwich police and Fire Chief Joseph McHugh told the Post. Investigators on Friday were still trying to determine what caused Dalio to crash.His father shared the somber news in a tweet Friday."It is with great pain that I am sharing with you that my 42-year-old son was killed in a car crash yesterday," said Ray Dalio, the founder and co-chief investment officer of Bridgewater Associates, the world's largest hedge fund. "My family and I are mourning and processing and would prefer to be incommunicado for the time being.
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