Dick Devos – The Renowned Entrepreneur and Philanthropist

Dick DeVos was born in Grand Rapids, Michigan on October 21st, 1955. He has been involved in the family business ever since he was a child. Dick received a bachelor’s degree in Business Administration from Northwoord University. He later joined the Harvard Business School but did not graduate. Dick DeVos has honorary doctorates received from Northwood University, Central Michigan University, and Grove City College.

Dick Devos started working in his father’s company Amway Corporation in 1974. In 1984, he became one of the vice presidents of Amway. In 1991, the DeVos family acquired Orlando Magic, and Dick DeVos became the President and CEO of the team the same year. Two years later in January 1993, Dick DeVos left Orlando Magic and rejoined Amway as the President and CEO. Under his leadership, Amway expanded its operations to more than 50 countries and has territories in six continents.

In 2000, Dick oversaw a corporate restructuring of Amway that created Alitcor. Alictor became the parent company of predecessor Amway. Today, Amway, which is a privately owned business has made Dick DeVos the second richest resident of Michigan. In 2014, the company reported sales of $10.8 billion. The Forbes magazine reported that as of 2015, Dick had an estimated worth of $5.7 billion. Dick DeVos retired as the CEO and president of Alcitor in August 2002.

Dick DeVos has had a stint in active politics. In June 2005, DeVos announced his candidacy for the Governor of Michigan. However, he was defeated by the Democrat incumbent Jennifer Granholm, who is still the current governor of Michigan. His wife is the immediate former chairperson of the Michigan Republican Party.
The DeVose family has a total of five foundations. These foundations work together and have targeted their giving primarily to West Michigan where Dick DeVoe’s father founded the consumer giant Amway. In 2014, the family was ranked 20th in the Top 50 Givers list in the United States. The family donated a total of $94 million in the same year. Out of the $94 million that was donated in 2014, $54 million of it was donated to in West Michigan.

For many years, Dick DeVose has supported Christian non-profit organizations that provide various services to Michigan City’s poorest resident. For instance, Dick has supported the South Division Avenue Ministry that assists people in getting IDs, finding jobs and accessing other social services. The organization has a 40-bed women’s shelter and served 50,000 meals last year.

Visit facebook.com to know more about Dick DeVos.