Ray and Barbara Dalio's Son, Devon, Killed In Greenwich Crash

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RJ Scofield
·4 min read
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GREENWICH, CT — Devon Dalio, 42, the son of Ray and Barbara Dalio, of Greenwich, was killed when his car crashed into the Verizon store in the Thruway Shopping Center around 4 p.m. Thursday, according to his family.

"It is with great pain that I am sharing with you that my 42 year old son was killed in a car crash yesterday," Ray Dalio said in a statement on social media. "My family and I are mourning and processing and would prefer to be incommunicado for the time being. 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. May God be with you and may you cherish your blessings, especially at this time of year."

Devon Dalio is survived by his wife and daughter, his parents and three siblings. He was co-founder of P-Squared Management Enterprises, Hearst CT reports.

"Annie and I are devastated to hear the news of the sudden and tragic passing of Ray and Barbara Dalio’s son, Devon," said Gov. Ned Lamont in a statement provided to Patch. "As parents, we cannot imagine the grief and sadness of this loss. Our prayers are with Ray and Barbara, who have been champions for Connecticut children.”

Capt. Mark Zuccerella told Patch on Friday that a driver died after their vehicle, a 2016 Audi, crashed into the Verizon store in the Thruway Shopping Center Thursday afternoon. (To sign up for Greenwich breaking news alerts and more, click here.)

According to Zuccerella, the vehicle drove over a parking strip, mounted the curb and crashed through the front doors, then traveled completely into the store.

When officers arrived at the shopping center, the store was completely engulfed in smoke, which prevented officers from reaching the inside of the store, Zuccerella said.

The Greenwich Fire Department was ultimately able to bring the fire under control. Employees were able to exit the store without injuries, Zuccerella said.

The cause of the collision and the fire, as well as the cause of the driver's death, is currently unknown, Zuccerella said.

The driver died as a result of the incident, Zuccerella said. The shopping center is located at 1233 East Putnam Avenue in Greenwich.

Ray Dalio, is the founder of Westport-based hedge fund Bridgewater Associates, and his wife, Barbara Dalio, are Connecticut's Biggest Living Donors, according to a 2017 study by The Chronicle of Philanthropy.

The couple, who reside in Greenwich, have donated $87.1 million to various charities since 2000, writes the publication back in 2017, which includes $65 million the couple gave in 2015 to the Dalio Foundation. The foundation supports K-12 education, the environment and medical research.

In response to the COVID-19 pandemic, Barbara and Ray Dalio and Dalio Philanthropies gave a $4 million donation in support of medical care and food for those who are most stressed and cannot afford it.

A total of $3 million was directed toward the sponsorship of childcare services at 26 centers across the state for hospital workers. The funds paid for childcare for eight weeks for approximately 1,066 children to be provided at facilities located in close proximity to the hospital where their parent(s) work.

Earlier this year, the Dalios released a statement saying, "Ray and I are deeply concerned about these front-line hospital workers, and the additional burdens they're bearing as a result of this pandemic. We want to do what we can to make sure they get the childcare services they need so they can provide medical care for others. We are starting with frontline hospital workers whose children are all of a sudden home every day and who don't have childcare. To us, they are heroes. The least we can do is make sure their children are taken care of while they're on the front lines providing medical care."

And $1 million of their donation went toward food and nutrition for Connecticut residents in need and $500,000 was provided to Foodshare to purchase 14 trailers of food that were distributed across 64 sites statewide feeding an estimated 35,000 people for 10 weeks. The remaining $500,000 was provided to the Connecticut Food Bank to distribute statewide.

This article originally appeared on the Greenwich Patch