Browse Month: December 2016

Dick DeVos: the story of achievements

Richard Marvin “Dick” DeVos Jr. or simply known as Dick DeVos is one of the leading entrepreneur-businessman from Michigan. He was born on 21st October 1955 to Helen June and Richard Marvin DeVos who is the co-founder of Amway and 67th richest person in the United States. However, Dick DeVos has many more achievements in his portfolio apart from a fortune inheritance from his father. Learn more about Dick DeVos: http://www.philanthropyroundtable.org/topic/excellence_in_philanthropy/interview_with_betsy_devos

DeVos graduated from the Northwood University and joined Amway Corporation in 1974. But he was involved with this organization since his childhood where he was appointed as mini-host and helped people with minor tasks. Since 1974, DeVos worked in different divisions of Amway Corporation including finance, research & development, manufacturing, marketing, and eventually he became the Vice President in 1984.

Under his leadership, Amway’s sales outside the USA increased to 50% of annual sales by 1990. In 1991, he became the President and CEO of Orlando Magic, a basketball franchise which was acquired by DeVos family. In 1993, he returned to Amway as President and played a vital role in expanding its operations to more than 50 countries in 6 continents.

In the darkest hour of Amway, he played a vital role in a restructuring that saved the corporation from possible loss and further downsizing. His restructuring initiative led to the creation Alticor, the parent company and some subsidiaries. In 2002, DeVos retired from Alticor and became the President of Windquest Group, a privately held investment management firm with focuses on multiple sectors.

Meanwhile, DeVos was involved with some political and humanitarian engagements. He is serving as the Co-Chairman of Grand Action Committee since 1992 and Vice Chairman of Willow Creek Association since 2007. Dick DeVos is also the Founder and Chairman of West Michigan Aviation Academy as well as a Board Director in the Michigan Chamber of Commerce since 2010. In 2010, he founded and chaired Regional Air Alliance of West Michigan for three years. He also ran for election as Republican candidate for the Governor of Michigan but lost to his Democratic competitors in 2006.

As a philanthropist in heart, DeVos has been engaged with some community initiatives. His Education Freedom Fund has awarded 4,000 scholarships to underprivileged children in Michigan, and he played a vital role in revitalizing the community. If you didn’t know, he is a National Champion sailor, a qualified jet and helicopter pilot who wrote the best-selling book named “Rediscovering American Values” in 1998.

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