Devon Dalio died tragically in a car accident on December 17, 2020, in Greenwich, Connecticut, at the age of 42. His Audi S6 crashed into a Verizon store at a shopping center and caught fire. He was the sole occupant of the vehicle and the only fatality in the incident. The accident caused extensive damage to the store, and an investigation was launched to determine the exact cause.
Ray Dalio publicly acknowledged his son's death via social media, writing, "It is with great sorrow that I inform you that my 42-year-old son was killed in a car accident yesterday. My family and I ask for privacy during this time of mourning." He followed with, "Our thoughts and prayers go out to everyone else who is suffering such pain. We wish you a blessed holiday season and encourage you to cherish what you have."
Devon Dalio led a private yet fulfilling personal life. He was married and had a daughter, though the names of his wife and child were not publicly disclosed. Despite growing up in a wealthy household, those close to him remembered him not for his affluence, but for his modesty, work ethic, and compassion.
Raised in a family recognized for financial success—the Dalio family—Devon had access to abundant resources, yet he chose to apply himself in business and philanthropic work. His father, Ray Dalio, has an estimated net worth of $18.7 billion, according to Forbes. Devon’s own entrepreneurial efforts, including the founding of P-Squared Private Equity, allowed him to carve an independent legacy within the finance industry.
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