A Summary of Dick DeVos Life

Executive Career

Dick DeVos was born in 1955 as Richard Marvin DeVos. Richard DeVos is his father and is one of the richest people in the world with an estimated fortune of over 4billion dollars. He is married to Betsy DeVos.

 

Dick DeVos has spent many years working in different executive positions. He joined his father’s Amway Corporation in 1974 and rose to become one of its vice presidents in 1984. In this post, Amway Corporation explored new markets that led to the foreign sales exceeding the domestic sales something that had not happened before. The annual international sales increased from 5% in 1986 to 50% by the time he left the company in 1991.

 

DeVos rose to become the President and CEO of the Orlando Magic after his family bought the basketball franchise in 1991. However, he left the club in 1993 to rejoin Amway Corporation.

 

He succeeded his father to become the company’s president. He further expanded this business to 50 countries in different continents. In his last year as the President, Amway sales hit $4.5 billion. One of the most significant changes that took place during his presidency was restructuring of the Amway Corporation leading to the creation of Alticor. Job cuts marked the restructuring. DeVos served as the President of the company from 1993 to 2002 when he retired.

 

His managerial career didn’t end there. He joined The Windquest Group as its president in 2002. The group is an investment management company. The company has invested in technology and manufacturing sectors among others.

 

Political Life and Other Activities

 

DeVos has participated in some community initiatives. His initiative, the Education Freedom Fund gives scholarships to many needy students in Michigan. In 1990, he was elected to Michigan’s State Board of Education. In 2000, a joined an unsuccessful campaign to change the Michigan constitution to grant tax credits to voucher and tuition.

 

DeVos has participated in several Grand Rapids’ health care improvement programs, convention center, and heart hospital among others, as the chair/co-chair. These programs have been aimed at improving the community’s living conditions.

 

In 2006, he became the Republican gubernatorial candidate in Michigan State. Despite spending a significant amount of his money in the race, he lost to the Democrats candidate and incumbent governor Jennifer Granholm.

 

Other Achievements

 

DeVos is a graduate of Northwood University. He has been declared the National Champions sailor twice. He is also certified pilot of jet aircraft and helicopter. Dick is the writer of the “Rediscovering American Values,” which is the New York Times best-selling book. The book was published in 1997 and is offered in seven languages.

 

Leave a Reply

Your email address will not be published. Required fields are marked *