London Daily

Focus on the big picture.
Friday, Apr 03, 2026

Billionaire Ray Dalio speaks out about 'journey and reflections' following son's sudden death

Billionaire Ray Dalio speaks out about 'journey and reflections' following son's sudden death

Billionaire hedge fund founder Ray Dalio is speaking out about his “journey and reflections” following the tragic sudden death of his adult son, Devon.

Dalio shared the missive in a LinkedIn article on Wednesday, 13 days after his 42-year-old son, Devon, died in a fiery crash at a Greenwich, Conn., shopping center. He also shared the post to his more than 562,000 Twitter followers.

“In appreciation for the kindness and wisdom that you and others passed along to me, I will pass along what it was like for me in the hope that doing that might help you or others,” the co-chief investment officer and co-chairman of Bridgewater Associates wrote. “At first losing Devon was worse than losing a part of myself, which was made more painful by my seeing the pain that it was causing my family members. With time, a lot of reflection, and several perspectives of others who went through similar journeys, my perspective has evolved a lot.”


Police said late last month that Devon Dalio was driving a 2016 Audi around 3:50 p.m. on Dec. 17 when the car mounted the curb and careened into the front of a Verizon store, coming to a stop after traveling completely into the shop. The vehicle and the store became engulfed in flames and Dalio could not be saved.

Greenwich Police have since released scant information in the case, other than that investigators have identified and are interviewing witnesses and analyzing evidence collected from the singed crime scene.

The police department is awaiting autopsy results from the Connecticut Office of the Chief Medical Examiner and fire marshals are investigating the fire. A police spokesperson previously told Fox News it was not yet clear if Devon Dalio had any known history of medical conditions.

Ray Dalio – famous for his “principles” and sharing lessons learned through the years with his following – said in his Wednesday letter he has learned that everyone grieves differently and there is no right or wrong approach. He said in the days after his son's death he tried “be free of all thoughts and obligations” and help others experiencing similar struggles.

“I gave myself unlimited time and space to do that,” he said. “Because my family is very close to me and each other, we went through this, and are continuing through this, as a shared experience. We each brought what we each had - our different memories, ways of seeing things, and preferences related to the life of Devon and what we should do in the future.”

Losing Devon, he said, “triggered an enormous amount of pain and reflection” that his past experiences with death and mourning did not prepare him for.

“In the first few days it was very painful and confusing,” he said, describing how he worked to process his thoughts and emotions. “Of course we focused on Devon - our memories of him which brought up tears at first and then laughs about memories. While early on we focused on the past, including irrelevant unanswered questions and regrets, we naturally evolved to thinking about the future, focusing on what we should do for him and taking the lessons that we learned to make it as good as it can be.”

Reading messages of support and condolences from people who knew his son “made a huge difference,” and friends from different backgrounds, cultures and religions were able to expand his mind to different perspectives, he said.

“There is still a painful void and probably will be for some time, but there is also a lot of joy,” he continued. “We walked where he walked and visualized him being there with us and we watched a couple of his favorite movies including comedies so we laughed with him. In doing these things I realized that we shouldn’t be so focused on the now. That life is like a movie and what we are seeing now is just the latest episode.”

Ray Dalio, who is married and has three other children, thanked his followers and said he doesn’t plan to speak publicly about Devon’s death moving forward. As of Friday, his message had received more than 5,000 likes and nearly 500 comments.

Devon Dalio was a married father of one. He co-founded P-Squared Management Enterprises, a Greenwich-based private equity firm, the Greenwich Sentinel reported. His past included working at Bridgewater Associates and serving as co-CEO of the Dalio Family Office. He also served as a Dalio Foundation board member.

Newsletter

Related Articles

0:00
0:00
Close
Trump’s Strategic Pressure on UK Seen as Push for Stronger Alignment and Fairer Terms
UK Focuses on Trade Finance to Secure Critical Materials for Defence and Energy Sectors
Majority of UK Businesses Hit by Middle East Conflict While Confidence Holds Firm
UK Royal Navy Faces Renewed Scrutiny as Debate Intensifies Over Capability and Readiness
Reform UK Faces Mounting Distractions as Policy Agenda Struggles to Gain Traction
Investigation Launched Into Northern Cyprus IVF Clinics After UK Families Receive Incorrect Sperm
International Meeting Issues Unified Call to Safeguard Navigation Through Strait of Hormuz
Potential Strait of Hormuz Closure Raises Concerns Over UK Food and Medicine Supply Chains
UK Leads Coalition of Over Forty Nations Urging Iran to Reopen Strait of Hormuz
UK Secures Tariff-Free Access for Medicines in Landmark US Pharma Trade Agreement
King Charles III Invited to Address Joint Session of U.S. Congress in Rare Diplomatic Honor
Debate Grows Over Whether Expanded North Sea Drilling Can Reduce UK Energy Bills
UK Faces Heightened Risk of Jet Fuel Shortages, Airline Chief Warns
UK Ends Police Investigations into Lawful Social Media Posts After Review Finds Overreach
Abramovich Moves to Establish Charity for Frozen Chelsea Sale Proceeds Amid UK Dispute
Starmer Reaffirms NATO Commitment While Responding to Trump’s Strategic Critique
UK Aid Reductions Raise Fears of Severe Human Impact Across Parts of Africa
UK Signals Renewed Push for EU Cooperation as Iran Conflict Reshapes Security Landscape
Bank of England Signals Caution as Bailey Advises Markets Against Expecting Rate Hikes
UK to Convene Global Coalition to Restore Shipping Through Strait of Hormuz
Trump Signals Possible NATO Reassessment, Emphasizes Stronger U.S. Strategic Autonomy
Australia Joins British-Led Efforts to Reopen Strait of Hormuz Amid Escalating Tensions
King Charles Plans US State Visit as UK Strengthens Ties with Trump Leadership
UK Regulator Launches Investigation Into Microsoft’s Business Software Practices
Kanye West Set for High-Profile Return to UK Stage at Wireless Festival
Trump Presses Europe to Strengthen Commitment as Iran Conflict Escalates
UK to Deploy Additional Troops to Middle East Amid Rising Regional Tensions
UK Authorities Face Claims of Heavy-Handed Measures in Monitoring Released Pro-Palestine Activists
Trump Calls on UK to Secure Its Own Energy as Iran Conflict Intensifies
Nigel Farage Declines Invitation to UK Conservative Conference Led by Liz Truss
Trump Warns Allies to Take Responsibility as Rift Deepens with UK and France Over Iran Conflict
How Britain’s Prime Minister Controls U.S. Bomber Access in Escalating Iran Conflict
Trump Urges Allies to Secure Their Own Oil Supplies as Hormuz Crisis Disrupts Global Energy
Russia Expels British Diplomat as UK Pushes Back Against Pressure
White House App Faces Scrutiny After Claims of Continuous User Location Tracking
BBC Faces Scrutiny Over Allegations of Paid Content Linked to Saudi Arabia
UK-France Coastal Patrol Agreement Nears Breakdown Amid Migration Pressures
UK Police Detain Pro-Palestine Activist Again Weeks After Bail Release
FTSE 100 Advances as Energy and Mining Shares Gain Amid Middle East Tensions
Eli Lilly Seeks UK Pricing Deal to Unlock Renewed Pharmaceutical Investment
Three Arrested in UK After Massive Cocaine Haul Discovered Hidden in Banana Shipment
UK Fuel Prices Poised for Further Surge Amid Global Energy Pressures
Apple Subsidiary Penalized by UK Authorities for Breach of Moscow Sanctions
Western Allies Intensify Coordinated Sanctions Strategy Against Russia
UK Lawmakers Face Criticism Over Renewed Push for Social Media Restrictions
Starmer Signals UK Crackdown on Addictive Social Media Features
Rising Costs Push One in Five UK Hospitality Businesses to the Brink of Closure
Man Arrested on Suspicion of Attempted Murder After Car Strikes Pedestrians in UK, Injuring Seven
Escalating Conflict Involving Iran Tightens Fiscal Pressures and Highlights UK Economic Vulnerabilities
UK Moves to Confront Russian ‘Shadow Fleet’ Operating in Its Waters
×