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"Shark Tank" star Kevin O'Leary was involved in a boating accident in Ontario, Canada, that has left two people dead.
The incident happened around 11:30 p.m. Saturday on Lake Joseph, according to the Ontario Provincial Police.
O'Leary, his wife and a third person were on the boat when it reportedly rammed into a larger boat, went over its bow and struck a man in the head, according to TMZ.
The man on the other boat, identified as 64-year-old Gary Poltash from Florida, was killed, Ontario police said in a news release. A woman who was also on the boat, 48-year-old Susanne Brito from Markham, Ontario, was initially hospitalized in critical condition.
Ontario police said Wednesday that she died of her injuries. Three other people were injured in the collision, treated at the hospital and released, police said.
O'Leary said in a statement that he was "devastated" by the crash and sent his "heartfelt prayers and condolences" to the victims and their families.
"On late Saturday night, I was a passenger in a boat that was involved in a tragic collision with another watercraft that had no navigation lights on and then fled the scene," he said.
"Out of respect for the victims' families and to fully support the ongoing investigation I feel it is inappropriate to make further comments at this time," O'Leary added.
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According to TMZ, O'Leary owns the boat involved in Saturday's collision. The vessel was seized by police for forensic testing, the outlet reported.
A spokesperson for the businessman told TMZ that O'Leary's wife, Linda, was driving the boat at the time of the accident and she was administered a DUI test and passed.
A police spokesperson said the collision remains under investigation and no charges have been filed.
Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Kevin O'Leary as a panelist.