Richard DeVos – Philanthropy and Entrepreneurship

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The DeVos family name, currently upheld by Dick and Betsy DeVos, has a rich history of philanthropy and other charity activities that goes back for many years. Dick and Betsy DeVos have through their organization Dick and Betsy DeVos Family Foundation that they founded in 1989 managed to amass almost 139 million USD. As the current representatives of the Dick and Betsy DeVos Family Foundation they’ve set education as one of the foundations main targets for its ongoing philanthropic activities. The couple stated in an interview their belief that good and accessible education shouldn’t depends on location, but is something that should be available to all children across all states. During the year 2015 the foundation successfully collected more than $3 million that were donated to support a wide variety of educations. This act of charity done by the Dick and Betsy DeVos Family Foundation resulted in 69 percent of all donations made towards education in that year. Betsy and Richard DeVos donated about $2. 5 million to art and culture in 2015

 

 

Richard (Dick) DeVos Jr. is an investor, company owner, entrepreneur, as well as a recognised philanthropist. He comes from a family that has been a significant contributor to charity for decades. Richard DeVos is the eldest of his brothers and sisters.

 

 

Richard DeVos is the owner of a few successful startups. In 1974 he co-founded the organisation Amway Corporation. The company works in the industry of distribution. It is a part of a network and sells personal care products, household items and health – related items through the use of dealers. He used to work at the Amway Corporation for many years and occupied a wide variety of positions. Richard DeVos received a promotion is 1984. He was offered the position of a vice president. As Vice President, DeVos was responsible for the smooth operation of Amway Corporation. He overlooked the performance of the Corporation in 18 countries from all around the globe.

 

 

A few years later, Richard DeVos left the position to pursue something new related to business. He founded the Windquest Group which is an organisation that works with storage units and closet organizers.

 

 

In 1993, Richard DeVos joined the Amway Corporation once again and assumed the position of President which had been previously occupied by his father. The company experienced a significant change in structure a few years after his return. Amway Corporation became a holding company of the larger Alticor Corporation. Under the umbrella of Alticor Corporation, it underwent expansion and started operating in 50 other countries. Richard DeVos decided to retire from his position of President in 2002. He devoted his time and efforts to his private company – Windquest Group.