TYB
Billionaire Ray Dalio’s Son Dies In Connecticut Car CrashHedge fund billionaire Ray Dalio’s 42-year-old son, Devon, died in a car crash in Greenwich, Connecticut on Thursday, his family has confirmed.
Devon’s Audi crashed into a Verizon store at a shopping center on Thursday afternoon before bursting into flames,local authorities said. He had apparently crossed over a parking strip and mounted a curb before driving into the store, police told Hearst Connecticut Media. When officers arrived on the scene around 3:50 p.m., the store was “completely engulfed in smoke.”
Authorities are still investigating the cause of the car accident, the Associated Press reports. The Verizon store’s employees were unharmed.
Ray Dalio—the founder of the world’s largest hedge fund, Bridgewater Associates, confirmed his son’s death in a tweet on Friday. “My family and I are mourning and processing and would prefer to be incommunicado for the time being,” he wrote.
Ray Dalio is the 29th richest person in the world, with a net worth of $16.9 billion, according to Forbes’ estimates.He is the wealthiest person in the state of Connecticut and has given more than $850 million to philanthropic causes, Forbes calculates.
https://www.forbes.com/sites/sergeiklebnikov/2020/12/19/billionaire-ray-dalios-son-dies-in-connecticut-car-crash/?sh=78ccc691462d
Ugh
>>12097967 Happened when Anon was dropping info about car suicided billionaire. ironically?
‘Transformational’: ==MacKenzie Scott’s gifts to HBCUs, other colleges surpass $800 million
The Student Center at North Carolina A&T State University in Greensboro.==
The Student Center at North Carolina A&T State University in Greensboro. (North Carolina A&T State University)
With no advance notice, the billionaire’s representatives launched a flurry of emails and telephone calls this year to unsuspecting colleges and universities across the country dedicated to serving large numbers of Black, Latino and Native American students.
In early October, one such message reached Harold L. Martin, chancellor of North Carolina A&T State University, the nation’s largest historically Black university.
Martin called back and found a person speaking on behalf of a donor who wanted to make a special gift. The chancellor was pleased. He had just landed a record $5 million donation in September and hoped this one might be comparable, to benefit a school with 12,000 students.
North Carolina A&T Chancellor Harold L. Martin (Chris English/North Carolina A&T State University)
Then he learned the donor wanted to give nine times that much. Then he heard the donor was one of the world’s richest people: author MacKenzie Scott.Then he heard, shockingly, there were no conditions on the use of the money. Scott, whom he had never met, trusted that the North Carolina A&T leadership would know what to do.
A few weeks later$45 million landed in the university’s account.
“We all just went berserk with joy,” Martin recalled this past week in a Zoom interview.
That was just one of Scott’s bolt-from-the-blue gifts, some revealed in July and many more on Tuesday. In all, a Washington Post tally found, she has delivered more than $800 million to a collection of schools, public and private, that are almost entirely unaccustomed to that level of largesse. That historic sum includes more than half a billion dollars for historically Black colleges and universities.
See the list of Scott's donations to colleges
It is part of Scott’s wider initiative to give nearly $6 billion this year to charitable and social causes from a fortune that Bloomberg News estimates to be more than $60 billion.
Scott’s ex-husband is Amazon founder and chief executive Jeff Bezos, who owns The Post.
The magnitude and method of Scott’s giving has turned higher-education philanthropy upside down. She isn’t interested in putting her name on campus buildings. She isn’t dictating an academic or research agenda. The schools she identified as recipients are, for the most part, not the usual suspects. They are neither in the Ivy League nor in other educational circles that tend to cultivate, attract and sustain big wealth over generations.
Kamala D. Harris, BLM protests put a new spotlight on HBCUs. Many now hope for a financial reckoning.
Bloomberg gives $1.8 billion to Hopkins for student financial aid
https://www.washingtonpost.com/local/education/mackenzie-scott-hbcu-donations/2020/12/17/0ce9ef5a-406f-11eb-8db8-395dedaaa036_story.html