Betsy DeVos is a well-known American businesswoman who is also a politician and philanthropist. She is the United States Secretary of Education. From 1992 to 1997, DeVos was the Republican National Committeewoman. She was also the chair of Michigan Republican Party for four years. In 2017, she became the Senate, after getting appointed by Mike Pence, Vice President of the USA. Let’s find out more about how much is Betsy DeVos’s net worth in 2018.
Elisabeth Dee DeVos was born was Elisabeth Prince on January 8, 1958, in Holland, Michigan to her parents Edgar Prince and Elsa Zwiep Prince.
She completed her schooling from Holland, Michigan’s Holland Christian High School. In 1979, she earned her BA degree in business economics from Grand Rapids, Michigan’s Calvin College.
In 1980, Betsy DeVos got married to American entrepreneur and businessman, Richard Marvin “Dick” DeVos Jr. The couple has four children named Elisabeth DeVos, Andrea DeVos, Ryan DeVos, and Richard DeVos III. They are one of the wealthiest families in Michigan.
In 1989, she founded the Dick & Betsy DeVos Family Foundation. The foundation has made donations worth millions of dollars. She is also known to be an education activist. She wants to create private schools in the United States and also to have the propagation of charter schools.
Betsy DeVos has been participating in the Michigan Republican Party since 1982. In 1986, she became a delegate of the Michigan Republican Party and had been elected for 16 consecutive terms. From 1992 to 1997, she was Michigan’s Republican National Committeewoman. From 1996 to 2000, she has served as the Michigan Republican Party’s chairwoman.
In 2000, she resigned from the post of chairman and again ran for the same post in 2000 without any opposition. In 2004, the re-election of President Bush, she alone raised above $150,000. At the time of Bush administration, Betsy DeVos was the National Republican Senatorial Committee’s finance chairperson for two years.
Along with her family, she has been active in the Republican politics for many years. Since 1989, her family has made financial contributions worth $17 million to Republican candidates. In the 2016 Republican presidential nominee, she donated for Carly Fiorina and Jeb Bush.
In her business profile, Betsy DeVos serves as the chairperson of Windquest Group. She co-founded it in 1989, along with her husband. In 2012, she became the producer of the Broadway ‘Scandalous: The Life and Trials of Aimee Semple McPherson’.
She is also the chief investor of Neurocore. She is one of the board members of the company along with her husband. In 2017, she became the United States Secretary of Education.
In 2017, Bethune–Cookman University conferred Betsy DeVos with an Honorary Doctorate. In 2015, she appeared in ‘America’s top givers’ list by Forbes. One of her biggest career achievements is to be a successful businessperson and politician. In 2016, she appeared in the list of “100 Most Influential Women” by Crain’s Detroit.
Net Worth of Betsy DeVos
Betsy DeVos has an estimated net worth of more than $1 billion. She made this fortune by becoming a successful businesswoman. Her father was also a billionaire, and so is her husband. Although she wanted her salary to be $1, her estimated annual salary is $207,800.
Her family is the 88th richest family in the United States according to Forbes. She has done several other endeavors and serves as the member of several organizations, and is also on the chair of various non-profit organizations. She has also created several programs for education.
Betsy DeVos is considered one of the most popular businesswomen in the world. She has been a strong activist for education in the United States. With her husband, she has made financial contributions to several charities. She is the first Senate in the history of the United States to be confirmed by the vice president.