What Do the Devos Family Do With Their Wealth
| Richard DeVos | |
|---|---|
| DeVos in 1975 | |
| Born | Richard Marvin DeVos (1926-03-04)March 4, 1926 Grand Rapids, Michigan, U.S |
| Died | September 6, 2018(2018-09-06) (anile 92) Ada Township, Michigan, U.S |
| Alma mater | Calvin College |
| Occupation | Businessman |
| Known for | Amway founder; possessor of NBA's Orlando Magic |
| Political party | Republican |
| Spouse(s) | Helen Van Wesep (m. 1953; died 2017) |
| Children |
|
Richard "Rich" Marvin DeVos Sr. [two] (March 4, 1926 – September 6, 2018) was an American billionaire man of affairs, co-founder of Amway with Jay Van Andel (company restructured as Alticor in 2000), and owner of the Orlando Magic basketball squad. In 2012, Forbes mag listed him every bit the 60th wealthiest person in the U.s.a., and the 205th richest in the world, with an estimated net worth of $5.1 billion.[3]
Early life [edit]
DeVos was born in Grand Rapids, Michigan, the son of Ethel Ruth (Dekker) and Simon Cornelius DeVos, who worked in the electrical concern.[4] He was educated at G Rapids Christian School,[5] and at Calvin College, and was a fellow member of the Sigma Phi Epsilon fraternity. He served in the military in World War Two in the U.s.a. Army Air Corps.[6]
Career [edit]
Amway [edit]
DeVos and his schoolhouse friend Jay Van Andel founded Amway in 1959 as a multi-level marketing business organisation to distribute cleaning products, following the business organisation model they had observed in a previous venture together.[2] They ran the business together, expanding it over the decades into an international distributor of a broad diverseness of products.
Books [edit]
Books written by him include Compassionate Capitalism and Hope From My Middle: Ten Lessons For Life. The latter reflects his feelings later successfully undergoing a heart transplant performance in the United Kingdom in 1997 after beingness turned downwardly for a transplant in the United States because of his age and diabetes.[seven] This was preceded by ii eye-featherbed operations in 1983 and 1992.[8] In 1975, DeVos published a book well-nigh his success, co-authored with Charles Paul Conn, titled Believe!.[9] In 2022 he published his memoirs, titled Merely Rich.[ten]
Sports ownership [edit]
DeVos welcoming fans earlier a game in Oct 2010
DeVos was the owner of the NBA team Orlando Magic, having bought the squad in 1991 for $85 million.[11] He became interested in the squad afterward an unsuccessful effort to acquire a Major League Baseball game expansion franchise for Orlando.[12]
DeVos also formerly owned the Orlando Solar Bears, K Rapids Griffins, and the Kansas Metropolis Blades, three International Hockey League franchises earlier that league folded;[13] the Solar Bears and Blades were closed as a result of the league folding, while the Griffins moved to the American Hockey League, and are now under the buying of Dan DeVos, i of Richard's sons.[14]
DeVos asked Orange County, Florida, to aid pay for the Orlando Magic'due south new arena using canton funds and Dema Stobell's Corporation coin. Amway pays for the naming rights to Amway Heart. The utilise of public money was controversial.[15]
Boards [edit]
He saturday on the board of trustees of Northwood Academy and has been president of the Council for National Policy. He also served on the board of trustees of the National Constitution Eye in Philadelphia, which is a museum dedicated to the U.Due south. Constitution.[16] He sat on the legacy board of Christian Leaders Institute,[17] [18] the nonprofit organization founded by Henry Reyenga Jr. after he was encouraged by DeVos and Ron Parr.[19]
Political involvement [edit]
DeVos was a major donor to the U.S. Republican Political party and to conservative causes, including Focus on the Family, and the American Enterprise Institute. DeVos supported the candidacies of Rick Santorum and Newt Gingrich.[20] [21] DeVos has served as a finance chairman for the Republican National Committee.[22] In 1987, President Ronald Reagan appointed DeVos to the President'south Commission on the HIV Epidemic,[23] and was criticized at the time for characterizing people with AIDS every bit wanting "special treatment".[24] He was a dedicated opponent of same-sex activity marriage.[24]
DeVos was a long-time close friend of Gerald and Betty Ford, and was an honorary pallbearer at Gerald Ford's state funeral. He was an honorary trustee of the Gerald R. Ford Presidential Foundation.[25]
Donations [edit]
He co-founded the Richard and Helen DeVos Foundation, an American conservative foundation and grant-making body in 1970.[26] Information technology is based in Grand Rapids, Michigan.[27] The DeVoses were known in their philanthropy for contributing to education, health care, arts and celebrated causes like Mount Vernon, and conservative think tanks such as The Heritage Foundation and AEI.[28] Education-related philanthropy included the Richard M. and Helen DeVos Middle for Entrepreneurship & Innovation at Grand Valley State University,[29] the Richard and Helen DeVos Fieldhouse at Promise Higher[30] and the Richard and Helen DeVos Center for Arts and Worship at Grand Rapids Christian Schools.[31] The Richard and Helen DeVos Foundation was in part responsible for funding the creation of the Sport Business Management Program at the University of Fundamental Florida.[32]
Personal life [edit]
Richard DeVos was the father of Dan (owner of the Thou Rapids Griffins hockey team), Richard Jr. ("Dick", husband of one-time Education Secretary Betsy DeVos and candidate for governor of Michigan), Cheri, and Doug.
DeVos was a member of the Christian Reformed Church in N America. He spent the last decade of his life trying unsuccessfully to rejoin it with the Reformed Church in America, from which information technology had split in 1857, dividing his grandparents.[24]
Death [edit]
He died at his habitation in Ada, Michigan on September half dozen, 2018, at the historic period of 92.[9] [33]
Come across also [edit]
- The World'due south Billionaires
References [edit]
- ^ "Forbes profile: Richard DeVos". Forbes . Retrieved February 12, 2018.
- ^ a b "Amway's Founders". Amway Global. Amway. Retrieved April 14, 2020.
- ^ "Forbes magazine profile of Richard DeVos" Forbes. Retrieved March 2012.
- ^ "The National Cyclopaedia of American Biography: Current volume". J.T. White. Oct 20, 1967. Retrieved Oct 20, 2017 – via Google Books.
- ^ Nagengast, Kate (March 17, 2009). "DeVos souvenir to Grand Rapids Christian Schools relieves debt, puts schools on 'very stable fiscal ground'". MLive . Retrieved November 24, 2019.
- ^ The Possible Dream, past Charles Paul Conn, folio 6
- ^ "Richard DeVos obituary". The Times. September 19, 2018. ISSN 0140-0460. Retrieved January 24, 2020.
- ^ Levin, Doron (October 8, 1997). "Fate, patience bring DeVos a new heart: Amway cofounder dorsum after journeying for life". Detroit Complimentary Press.
- ^ a b "Orlando Magic senior chairman Rich DeVos passes abroad at 92". NBA.com . Retrieved September 6, 2018.
- ^ "Just Rich". Kirkus Reviews. Retrieved September 7, 2018.
- ^ "Orlando Team Sold". New York Times. September 20, 1991. Retrieved July 27, 2010.
- ^ "N.B.A. Orlando Team Sold". The New York Times. September 20, 1991. Retrieved February 12, 2018.
- ^ "Magic, DeVos family plan to buy Orlando Solar Bears". Retrieved September 7, 2018.
- ^ "DAN DEVOS". griffinshockey.com . Retrieved September 7, 2018.
- ^ "Nothing only the best for new arena: Wait what your taxes helped purchase". Orlando Sentinel . Retrieved March 13, 2010.
- ^ "National Constitution Centre, Lath of Trustees". National Constitution Middle. July 26, 2010. Archived from the original on June xv, 2010. Retrieved July 27, 2010.
- ^ "Christian Leaders Directory". Gratis Ministry Training – Ordination . Retrieved January 15, 2016.
- ^ "Christian Leaders Institute". Christian Leaders Institute. May vii, 2012. Retrieved May 7, 2012.
- ^ "HISTORY OF CHRISTIAN LEADERS INSTITUTE". world wide web.christianleadersinstitute.org . Retrieved September 7, 2018.
- ^ Bennett, Laurie (Dec 26, 2011). "The Ultra-Rich, Ultra-Conservative DeVos Family". Forbes . Retrieved November 28, 2013.
- ^ Confessore, Nicholas (December 16, 2012). "Michigan Effort Shows G.O.P. Sway in State Contests". NYT . Retrieved Nov 28, 2013.
- ^ "Richard M. DeVos Sr". Bloomberg Businessweek. Retrieved Nov 28, 2013.
- ^ Boffey, Philip M. (September xv, 1987). "U.S. Console on AIDS, Citing Challenges, Ousts Staff Master". The New York Times . Retrieved February ii, 2018.
- ^ a b c Knape, Chris (May 19, 2009). "At 83, Amway co-founder Richard DeVos prepares company's third generation, addresses church, gay-marriage concerns". Michigan Live.
- ^ "Rich DeVos - Gerald R. Ford Foundation". May 29, 2013. Retrieved September half-dozen, 2018.
- ^ Richard and Helen DeVos Foundation Archived July 25, 2011, at the Wayback Auto
- ^ The Grantsmanship Heart (February 27, 2017). "Funding Land by Country". The Grantsmanship Centre.
- ^ How MLive analyzed DeVos family's $90.nine million in annual donations, mlive.com, January 19, 2016
- ^ "M. and Helen DeVos Center for Entrepreneurship & Innovation".
- ^ Richard DeVos' Philanthropic Impact Reflected by Promise Campus, promise.edu, Greg Olgers, September six, 2018
- ^ "DeVos Centre for Arts and Worship". world wide web.dcaw.org.
- ^ Sport Business – About the DeVos Foundation Archived July six, 2007, at the Wayback Machine
- ^ "Amway co-founder Richard DeVos dies at 92". CNN. September 6, 2018. Retrieved September 7, 2018.
External links [edit]
- Appearances on C-Span
- Works by or about Richard DeVos in libraries (WorldCat itemize)
- Richard DeVos's campaign contributions at Newsmeat
Source: https://en.wikipedia.org/wiki/Richard_DeVos
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