Dick DeVos and His Family Share the Wealth

Dick DeVos, son of Richard DeVos Sr., became the co-founder of Amway Corporation in 1974. Amway Corporation is a company that distributes health, household and personal care products through dealers. In turn, those dealers then recruit second level dealers and the process keeps repeating. This helps their company become exposed to several different dealers and customers. DeVos held many different positions in the company and was promoted to vice president of the company’s operations in 18 countries. He left the business in 1989, and began another journey. He was given the position of manager at the National Basket Assocation’s Orlando Magic Basketball franchise, by his father. He also still held a position involved in the management of Windquest Group. A couple years later, he returned to Amway Corporation as president.  Dick DeVos retired as president in 2002 and devoted his time to his private business the Windquest Group.

The DeVoses family are a wealthy family, but they share that wealth with others. The DeVoses have donated $90.9 million in 2013, 48 percent of their donations went to education, 27 percent to health and community services, 13 percent to churches, and 12 percent to arts and culture. The remaining 66% was given to organizations in Michigan, mainly in the greater Grand Rapids area. The family donated similar the following year. The DeVoses have a total of five family foundations. These are run by Rich and his wife, and each of their four children and spouses. The family has a passion for helping the Grand Rapids community.

In his spare time, DeVos is also a father to four children and a husband to Elizabeth DeVos. The couple started a family foundation in 1989, called The Dick & Betsy DeVos Family Foundation. The foundation helps to fund local and global communities for growth and viability, five to ten new organizations receive support yearly.

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