Richard Devos Net Worth

Net Worth

Net Worth	$6 billion
Salary	N/A
Birthdate	March 4, 1926
Birthplace	Grand Rapids, Michigan
Gender	Male
Height	N/A
Profession	Businessman and author
Nationality	American

Highlights

Richard DeVos was an American businessman and author who had a net worth of $6 billion at the time of his death in 2018. He co-founded the multi-level marketing company Amway and owned the Orlando Magic NBA team. DeVos was also a noted philanthropist and conservative political donor.

Early Life

Richard DeVos was born on March 4, 1926, in Grand Rapids, Michigan. He attended Grand Rapids Christian School and later Calvin College. During World War II, DeVos served in the United States Army Air Corps.

Career

After returning from military service, DeVos launched several businesses with his high school friend Jay Van Andel. In 1959, they founded Amway, a multi-level marketing firm. Amway grew into one of the world’s largest businesses, generating billions in revenue.

DeVos also acquired the Orlando Magic NBA franchise in 1991 and owned the International Hockey League teams the Grand Rapids Griffins, Orlando Solar Bears, and Kansas City Blades.

In addition to his business ventures, DeVos was involved in politics. He was a donor to the Republican Party and conservative causes, and he served as a finance chairman for the Republican National Committee.

Personal Life

Richard DeVos was married to Helen Van Wesep until her death in 2017. They had four children together. DeVos was a devout Christian and actively involved in the Christian Reformed Church in North America. He was known for his philanthropy and donated to various causes, including the arts and education.

Net Worth Over Time

Richard DeVos’ net worth grew significantly over the course of his career. At the time of his death in 2018, his net worth was estimated to be $6 billion. However, it is important to note that net worth figures are estimates based on publicly available information and may not be completely accurate.

Components of Net Worth

Richard DeVos’ net worth primarily came from his stake in Amway and the success of the company. As a co-founder, DeVos held a significant ownership position in the business, which generated billions in revenue annually. Additionally, DeVos owned the Orlando Magic NBA franchise, which also contributed to his net worth.

It is worth mentioning that DeVos was a noted philanthropist and donated a significant portion of his wealth to charitable causes. His contributions to various organizations, including educational institutions and healthcare causes, impacted his overall financial portfolio.

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