Dick DeVos – A Smart Investor And A Compassionate Philanthropist

Richard Marvin “Dick” DeVos Jr is a wealthy investor and businessman from Michigan, who is the son of Rich DeVos, co-founder of one of the world’s largest consumer products distribution company, Amway. Dick DeVos completed his Bachelors in Business Administration (BBA) from Northwood University. After completing his studies, he joined Amway International in 1984 as Vice President and after working for six years with his father’s company joined Orlando Magic in 1991 as President and CEO. At Orlando Magic, he worked for a couple of years before moving back to Amway as a board member and President. In 2003, he moved from Amway to become the board of trustees at The Thunderbird School of International Management, a role which he would play for the next nine years.

 

He in the meantime also founded and became chairman of Regional Air Alliance of West Michigan for three years. He is also on the board of directors of Michigan Chamber of Commerce, which he joined in September 2010. Dick DeVos also serves as the Vice-Chairman of Willow Creek Association since 2007 till now. He is also the Co-Chairman of Grand Action Committee since 1992 and Founder and Chairman of West Michigan Aviation Academy. Since 2002, he is also the President of The Windquest Group.

 

Dick DeVos’s association with his father’s company began from early childhood itself, when he says he and his siblings were attached to the company in many different ways, starting from playing hosts to the guests at conventions to clearing the plates. As an adult, he has played various roles at Amway in different departments, such as research and development, finance, manufacturing, sales, and marketing. Father of Dick DeVos, Rich DeVos was named as the 67th richest person in the United States in 2012, with the total wealth totaling up to $5.1 Billion.

 

Dick DeVos along with his wife runs a Dick & Betsy, DeVos Family Foundation which supports many causes, such as the right to education, right to work, supporting charter education, sports education, and so on. Dick DeVos also supports not-for-profit Christian missionaries, and have been supporting Mel Trotter Ministries for many years.

 

Dick DeVos along with his wife co-chairs the Economic Freedom Fund since 1993, which supports education for the meritorious students who cannot afford to go for higher studies. The fund provides scholarships to students hailing from low-income families. Few of the grantees of Dick DeVos’s foundations are Little Star Inc, Kids Hope USA, Grand Rapid Christian Schools, ArtPrize Grand Rapids, Willow Creek Association, American Education Reform Council, Hope College, and many others.