Ray Dalio’s Son’s Mental Health May Cause his Fatal Accident
Ray Dalio’s son’s mental health may cause his fatal accident; Devon Dalio was killed. Hedge fund founder Ray Dalio’s son, Devon Dalio, 42, died in a car crash.
The family confirmed the death on Thursday afternoon. Some sources believe that his mental health problems caused the crash. His mental health problems reportedly led him not to control the car and crash a store.
According to Greenwich Police and Fire Chief Joseph McHugh, his Audi had crashed into a Verizon store at a shopping center and exploded. The Verizon store was largely destroyed.
According to Devon Dalio’s LinkedIn page, he worked as a project manager in Bridgewater Associates. According to the foundation’s tax filings, he also served as a board member of the Dalio Foundation.
Ray Dalio’s Son’s Mental Health: the Cause of his Death
Connecticut Gov. Ned Lamont, a Greenwich resident, said in a statement that he was “devastated” by Devon Dalio’s death.
In a tweet, Westport’s billionaire founder, known as the world’s largest hedge fund, said his family was “mourning and processing and would prefer to be incommunicado for the time being.”
The Greenwich Fire Department and police arrived at the scene at about 3:50 p.m. Thursday. The store was “completely engulfed in smoke,” which stopped officers from approaching the inside, but the employees exited the store without injuries.
The Verizon store remains closed. The Greenwich Medical Spa, which is close to the Verizon store, is also closed. No other information is immediately available about the incident.
Ray Dalio’s Son Killed in a Car Accident
Billionaire Ray Dalio founded Bridgewater in 1975 in New York. After about ten years, it was infused with a US $5 million finance from the World Bank’s retirement fund.
Dalio is the 2017 book Principles: Life & Work writer, which is about corporate management and investment knowledge. It was featured on The New York Times bestseller list, where it was called a gospel of radical transparency.
In 2007, Bridgewater suggested a global financial crisis, and in 2008 Dalio published “How the Economic Machine Works: A Template for Understanding What is Happening Now,” an essay evaluating the potential of various economies by various tests.
In 2011, Ray Dalio was the subject of John Cassidy’s article “Mastering the Machine” in The New Yorker.
According to an American business magazine, Ray Dalio has an estimated net worth of USD $18.6 billion as of July 2020, making him the 69th richest person globally and 26th on the Forbes 400 list.
In 2014 he reportedly earned $1.1 billion, including his firm’s management and performance fee shares, cash payment, and stock and option awards.
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