Investigation continues into death of Devon Dalio after fiery crash in Greenwich

Zach Murdock, Hartford Courant

Almost a week after a fiery crash in Greenwich killed Devon Dalio, the son of billionaire philanthropists Ray and Barbara Dalio, medical examiners and local detectives are still working to determine what caused the incident.

Devon Dalio, 42, died Dec. 17 when the car he was in crashed into a Verizon store in the Thruway Shopping Center and caught fire. Everyone else in the store was unhurt and escaped but Dalio did not.

Police have spent the past week interviewing witnesses and analyzing evidence, but some results are still pending and the Office of the Chief Medical Examiner has not issued a ruling on the cause of Devon Dalio’s death, Capt. Mark Zuccerella said Wednesday.

“This investigation has many components and the Greenwich Police Department wants to ensure all avenues are appropriately assessed and its findings are properly documented,” Zuccerella said.

“The Greenwich Police Department is in contact with the Connecticut Office of the Chief Medical Examiner and we are currently waiting on their official results,” he continued. “We are also working with the Greenwich Fire Marshall’s office regarding the fire cause and origin.”

The Dalio family is in “great pain” after the incident and has asked for privacy after Ray Dalio shared a brief remembrance online late last week.

“We know that the terrible pain we are feeling has been and continues to be felt by so many others so our sympathies go out to them,” Dalio said. “May God be with you and may you cherish your blessings, especially at this time of year.”

Devon Dalio worked early in his career for his father’s Westport-based firm Bridgewater Associates, now the largest hedge fund in the world. He later served as co-CEO of the Dalio Family Office before setting out to co-found his own private equity firm P-Squared Management Enterprises, focused on smaller health care technology companies.

He also served on the board of the Dalio Philanthropies with a focus on health and wellness, veteran support, disaster relief and animal welfare. As close friends of Gov. Ned Lamont, the Dalios used their philanthropic and business might this year to publicly and behind the scenes support the state’s supply of personal protective equipment and school technology after the COVID-19 pandemic began.

Devon Dalio is survived by his wife and daughter, his parents and three siblings.

Staff writer Amanda Blanco contributed to this report.

Zach Murdock can be reached at