Dick DeVos is a famous American entrepreneur and businessman. DeVos is known as the son of the co-founder of Amway ‘Richard DeVos’ who served in consumer goods Company as CEO for nine years. He has been appointed for Governor of Michigan but lost by Jennifer Granholm. His father has listed in the Forbes magazine as the #351 richest personalities in the world. Now let’s have a close look at the net worth of Dick DeVos in 2018.
Early Life & Biography
Richard Marvin DeVos Jr. was born in Grand Rapids, Michigan on October 21, 1955. His graduation completed from Forest Hills public school system and also involved in the family business. He involved in the annual conventions of Amway with his brother and helped out ferrying guests and giving brief demonstrations of the product. His bachelor’s degree was completed from Northwood University and received the degree of business administration.
Dick married to Besty DeVos and having four children named Ryan, Andrea, Elisabeth and Richard Marvin III. He lived with his wife in Grand Rapids and also has their home in Ada, Michigan. They have three more houses in Palm Beach, in Bero Beach and Windsor, Florida.
Career, Awards & Nominations
DeVos pursued his career with Amway Corporation in different fields including manufacturing, sales, finance, marketing, research and development. After ten years, he became the vice president of Amway and took over the responsibility for 18 countries. He helped the progress of the company and opened different markets include foreign sales in the history of the company.
In 1991, his father served as the President of National Basketball Association who made Dick as the part owner. After a few years, he again comes back and rejoins Amway as a President while succeeding his father. Under his leadership, the company expanded to more than 50 countries along with six continents. He also joined Windquest Group which is an investment management firm deals with technology, manufacturing and other sectors.
DeVos also interested in political activities and won the election to Michigan State Board of Education and resigned within two years rather than eight years term. He also received the appointment as the Board of Control to Grand Valley State University by Governor John Engler.
In 1993, he with his wife served as co-chairs of Education Freedom Fund. The Fund helps to provide scholarships to the children are who belong to a low-income family in Michigan and wants to attend school according to their choices.
In 2010, he received the Art of giving Award by the Spectrum Health Foundation in the annual celebration of Philanthropy.
Net Worth & Earnings
Dick DeVos has an estimated net worth of around $5.5 billion. He earned most of his earnings as the President of Amway. His revenue also comes from different works which he got from his father and also founded several groups and companies. He is having the huge property of billion dollars and still earning continuously.
DeVos involved in the family business at the time of childhood. He learned several things from his father about the control of the business and succeeded his father as the President of Amway. He also worked for the Education Freedom Fund for helping the poor people to select schools according to their choices.