Devon Dalio, the eldest son of hedge fund millionaire Ray Dalio, was an ex-American entrepreneur who gained fame. Bridgewater Associates, the world's largest hedge fund, was founded in 1975 by Ray Dalio. When P-Squared Private Equity was created, Dalio was one of the founding partners. His previous position was CEO of Dalio Family Office. On December 17, 2020, Ray Dalio's son Devon was tragically killed in a car accident in Greenwich, Connecticut. He was 42 years old. Devon Dalio was born in Los Angeles on March 26, 1978 to parents Ray and Barbara Dalio. His grandparents were Ann and Marino Dallolio. In addition to his three brothers Paul and Matthew Ace, Devon also had a sister. He was of Caucasian ethnicity and a Christian. He earned his bachelor's degree in business administration from Lafayette College.
Devon Dalio, the son of Ray Dalio, worked for his father's hedge fund, Bridgewater Associates, which was founded in 1975 and is currently the world's largest hedge fund. Since 1985, Ray Dalio has been a Co-Chief Investment Officer at Bridgewater Associates. Devon held the position of CEO at the Dalio Family Office for eight years, and then co-founded P-Squared Private Equity, a private equity firm, of which he was also a member of the partnership. Additionally, he was a member of the board of directors of the Dalio Foundation and a generous philanthropist, donating to causes such as health, veterans' support, disaster relief, and animal welfare.
A car accident in Greenwich, Connecticut, killed Ray Dalio's eldest son, Devon Dalio, on December 17, 2020 at the age of 42. After a collision with a Verizon store, his Audi S6 burst into flames. The inquiry into Devon's vehicle accident is ongoing, and the shopping mall was seriously damaged. He was the only victim of the incident. Ray Dalio used social media to confirm the death of his son. He tweeted the following: "It is with great regret that I inform you that my 42-year-old son was killed in a car accident yesterday. For the time being, my family and I would prefer to remain private about the death of a loved one." In a subsequent tweet, he said, "Our thoughts and prayers go out to everyone else who is going through the same kind of pain that we are. During this holiday season, may God's blessings be upon you and may you never forget to be thankful for what you have."
Devon Dalio lived a good life as both a husband and a parent. The Dalio family was devastated by Devon's unexpected passing. The names of his wife and children remain a mystery. His upbringing was nothing short of extravagant, being the son of a billionaire. After working in various high-level positions at his father's company, he decided to start his own private equity firm, which proved to be very lucrative. His father, Ray, has a net worth of $18.7 billion.