Dick DeVos – A Great Businessman, Visionary, And Philanthropist

Richard “Dick” DeVos Jr or Dick DeVos as he is popularly known as is one of the most noted philanthropists in the United States today. He and his wife, Betsy DeVos, have made charitable donations that amount to over $139 million. Dick DeVos is the son of the co-founder of Amway Corporation; Richard DeVos Sr. Amway is known to be one of the largest manufacturing and distribution companies in the world when it comes to consumer products. Dick DeVos completed his graduation from Northwood University doing Bachelors in Business Administration.

 

Dick Devos joined his father’s company in 1974 and worked in various positions for the next ten years understanding the business from the ground up. It helped him understand the company, its culture, and its vision. It is what his father wanted so that he can align well with the mission of the Amway to provide high-quality consumer product to its vast clientele globally while benefitting the people who sell it by giving them the opportunity to earn their livelihood by becoming company’s dealer. Dick DeVos was promoted to the position of company’s Vice President in 1984 and was responsible for managing company’s operation in 18 countries. He gained significant experience during his tenure as Vice President at Amway. It inspired him to found his own business, and thus, he left Amway in 1989 to form Windquest Group, which dealt in manufacturing, supplying and storage of organizers.

 

In the year 1991, father of Dick DeVos asked him to manage the Orlando Magic basketball franchise, which the DeVos acquired that time. However, he has also involved actively in the business and management of Windquest Group at that point. When his father retired from Amway in 1993, Dick DeVos returned to Amway, this time as President. Amway went through major transformation and restructuring in 2000, which was overseen by Dick DeVos. During the reorganization of Amway, a parent company named Alticor Corporation was formed. Alticor Corporation, established by Dick DeVos comprised of Amway Corporation, Access Business Group, and Quixtar Corporation. It is this new structure that helped the company reach out new markets and expanded its foothold in 50 new countries.

 

Dick DeVos retired from his post at Amway in 2002 to focus his time and efforts on the success of his other company, Windquest Group. He also wanted to devote his time to political, social and charitable causes. Both Dick DeVos and his wife, Betsy DeVos, are attached to many social and charitable causes, including the Economic Freedom Fund, which they both head together since 1993. The fund is dedicated to helping fund worthy students to go ahead and pursue higher studies through the scholarship provided by the fund. In 2016, Dick DeVos and family gave $11.6 million in a donation for various charitable causes. The DeVos family in entirety has made charitable donations amounting to $1.33 Billion in their lifetime.

 

1 thought on “Dick DeVos – A Great Businessman, Visionary, And Philanthropist”

  1. Amway Corporation is one of the most reputed global brands that sell household, personal care, and healthcare products through its unique selling strategy of going through dealers. That alone would eventually lead to what custom paper writing services has been able to provide and that means a thing or two for them.

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