Dick DeVos: An Entrepreneur and Charitable Billionaire

Dick DeVos is one of the few billionaires who find time to give back to the community. Over the years, Dick has contributed an enormous amount of money to different charities. Dick and his wife have donated $139 million to be precise.

 

 

Following Betsy DeVos nomination to the Secretary of Education position, the couple was mandated to provide information to the vetting committee. However, they decided to post the report for the public to see. The public officials greatly criticized the move. They cited that it was a ploy to have the public turn a blind eye to their political contribution.

 

 

In the report, the couple has contributed approximately $139 million in their lifetime. In 2015, the couple donated $ 26 million to different organizations. $11 million of that was directed to the education system. Dick DeVos commented that the reason for their support to the education system was due to their passion for the system.

 

 

The couple has founded the Dick and Betsy DeVos Foundation. Through the Foundation, the couple has donated millions in support of Education communities and free-market organizations.

 

 

Dick and his wife founded the West Michigan Aviation Academy which was the first public charter school in the State. Aside from that, they support the ArtPrize through their Foundation. It is an art competition in Grand Rapids.

 

 

Work Experience

 

 

Dick DeVos is a successful entrepreneur, and he has built his career through hard work despite coming from a wealthy family. Dick career began when he joined the Amway Corporation. This is a family business founded by Richard DeVos Sr. The Amway Corporation is a Multi Level Marketing Company focused on household and lifestyle products.

 

 

Dick joined the Company in 1974 and was in charge of research and development, marketing, sales, and finance. In 1984, he was promoted to the post of Vice President of the Company. He was put in charge of operations in 18 countries.

 

 

In 1991, his father acquired the Orlando Magic, and Dick was appointed the President of the Company. Dick resigned as the president in 1993 and rejoined the Amway as the President. Under his leadership, the company achieved great success. At the time he was leaving, Amway had generated $4.5 billion in sales.

 

 

During his tenure, Dick participated in the restructuring of the Amway Corporation. The restructuring led to the foundation of Alticor. He acted as the president of the company before resigning.

 

 

Dick has also served as the President of Windquest Group. It is a privately held investment company.

 

 

Political Involvement

 

 

In 1990, he won the election to the Michigan State Board of Education, and he resigned after two years.

 

 

In 2006, Dick entered the Michigan Gubernatorial race. He lost the race, but he remains to be the richest person to enter the race.

 

Visit http://www.dbdvfoundation.org/about to learn more.

 

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