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Dick DeVos Stresses The Importance Of Education

Posted by ACioe1 on

Philanthropist and entrepreneur Richard “Dick” DeVos is one of the richest men in the U.S. He is also the son of Amway co-founder Richard DeVos. According to an article, Dick DeVos has an estimated worth of $5.1 billion.

 

DeVos served as Amway’s CEO from 1993 to 2002. During the company’s restructuring, the parent company Alticor was created. The company thrived under DeVos and reported over $4.5 billion in sales. After the family acquired the Orlando Magic basketball team in 1991, he served as CEO for 5 years. DeVos finally decided to strike out on his own in 2010 and created the Windquest Group. The investment firm specializes in alternative energy, manufacturing and technology.

 

DeVos and his wife Betsy are huge proponents of the state’s school voucher program. As co-chairs of the Education Freedom Fund, the pair helped raise nearly $8 million to help low-income families. The Bill and Betsy DeVos Foundation has also given money to fund Christian schools and charter schools.

 

In 2006, DeVos ran unsuccessfully against Michigan incumbent Governor Jennifer Granholm (D). His self-financed campaign ran on a platform of economic issues affecting the state. While DeVos got as close as 48-40, Granholm defeated him by a 14-pt. margin. Although he says he was disappointed by the loss, another run in the future is not out of the question.

 

After the run for governor, DeVos focused on his business and philanthropy. Funding from his foundation helped build the West Michigan Aviation Academy. DeVos built the school with his love for aviation in mind. “My only goal is to ensure that all children in the state of Michigan get a great education,” said DeVos.

 

DeVos lives in Grand Rapids with his wife Betsy. They have 4 grown children. Betsy DeVos was recently named as Secretary of Education by President-elect Donald J. Trump.