Richard DeVos is a businessman based in America, known primarily across the world for being the co-founder of Amway. The renowned multi-level marketing chain that operates in combination with direct selling, is in itself a controversial business strategy and therefore, highlights Richard’s risk taking and innovative business acumen. He is also the owner of the “Orlando Magic” Basketball team, has written a book and has been actively associated with several philanthropic activities. To know more about Richard DeVos’ net worth in 2019, keep reading this article.
Richard DeVos was born in Grand Rapids, Michigan in the year 1926. He was named Richard Marvin DeVos at birth by his parents, Simon Cornellius DeVos who owned a small electrical business and Ethel Ruth Dekker. Richard went on to study from Calvin College. His career began with the United States Army Air Corps. in which he served during the Second World War.
Richard DeVos was married to the late Mrs. Helen June Devos until 2017, which is the year she succumbed to death. The couple had four children together who have distinguished themselves in different fields. His son, Dan is the owner of the “Griffins”. Richard Jr. was the Republican nominee for the Governor of Michigan and is presently married to the United States Secretary of Education, Betsy DeVos.
Richard DeVos founded Amway, along with Jay Van Andel. The company was restructured in the year 2000 as Alticor. Richard has also written a few books, which include, “Compassionate Capitalism” and “Hope From My Heart: Ten Lessons for Life”. The latter book was written in relation to the by-pass surgery he had. He has co-authored a book about his success with Charles Paul Conn titled “Believe!”. In 2014, he published his memoir, which is oddly named “Simply Rich”. He has been involved with a number of academic institutions, as the member of their boards, some of which include, Northwood University- Centre for National Policy and Constitution Centre of Philadelphia, which is a sort of museum dedicated to the constitution of United States of America. He was also on the Board of the Christian Leaders Institute.
This organisation provides Ministry training to bright young individuals, free of cost. He has also invested in several non-profit ventures, like Free Market Think Tanks and the Heritage Foundation. He has donated to the causes of health and education among other fields. With his great interest in the field of sports, Richard was largely responsible for the starting of the sports management programme at the University of Central Florida. This course was funded through the Richard and Helen Devos Foundation.
Over the course of his career, Richard Devos got increasingly involved in the political processes of the country, at least financially, if not otherwise. He is a big-time sponsor of the Republic Party and many different conservative causes, like the Focus on The Family and the American Enterprise Institute. He also became a close friend of Gerald and Betty Ford. He is famous for owning several sports teams in NBA, International Hockey League and the American Hockey League.
Awards and Achievements
Richard DeVos has been honoured with the William E. Simon prize for Philanthropic leadership. He is the honorary trustee of the Gerald R. Ford Presidential Foundation. In 2012, Forbes noted Richard DeVos as the 60th Richest American and the 125th Richest Person in the World. However, earlier he had also been ranked as the 10th Richest Person in America.
Net Worth of Richard DeVos
The 93 year old businessman, Richard Devos is worth a whopping $6 billion, thanks to his ever growing business empire.
Richard DeVos has stuck to only one key business and has prospered in it. On the side, he has had other philanthropic ventures all of which have set his reputation, as a very enterprising and socially active man.