Today, Dick DeVos is a man whose accomplishments are widely known across the world, with an estimated net worth of $5.1 billion. As President of The Windquest Group, and a contributor to several charities, his achievements are remarkable for one man who is just 61 years of age. However, DeVos’ success did not come overnight. For decades, he has been working his way up in the business world through hard work and dedication.
DeVos was born in Grand Rapids, Michigan. His father, Richard DeVos, co-founded Amway, a company which follows a business model based on multi-level marketing, mainly for the beauty and home care industries. Inspired by his successful father, Dick got involved in the family business as soon as he could, hanging around in the office and helping out as needed. These sporadic jobs led to more permanent responsibilities within the company.
Inspired to make it in the business world, DeVos went to Northwood University to earn his bachelor’s degree in business administration. In 1974, he returned to his father’s company, working his way up to vice president in 1986. His success was evident, as the company saw a 50% growth in sales by the time he left his position in 1993. DeVos then rejoined his father’s company that same year as President of Amway. Under his guidance, the firm reached new levels of success, with DeVos managing all aspects of the company’s operations across six continents. International sales tripled and the company opened several new markets.
In 1991, the DeVos family acquired the National Basketball Association’s Orlando Magic, with Dick acting as President and CEO. With his strong leadership skills, he brought much success to the team.
In 2002, DeVos left Amway to become President of The Windquest Group, a privately held investment management firm. With his leadership experience, he enabled the company to look to the future, investing in alternative energy.
He and his wife formed the Dick & Betsy DeVos Family Foundation, a foundation which aims to serve the arts, education, and community through consistent financial support. Additionally, DeVos founded the Education Freedom Fund which awards underprivileged Michigan students with scholarships. Plus, through abundant financial support, he has helped fund significant revitalization efforts to downtown Grand Rapids.
Despite being a family man today, with his wife of over 30 years, Betsy, his seven children and five grandchildren, DeVos continues to push himself harder to make the world a better place through his various and numerous efforts.