The true wealth of a person can really be accounted for when one considers how much that person gave to others. It is no wonder, then, that so many people consider the DeVos Family to be a truly wealthy group of people. This family has experienced a lot of financial success over the years, and they have not been afraid to share that wealth with those in need. According to an online article, the DeVos family has managed to give away over $1.2 billion over the years. This fact, alone, makes the family one of the Top 20 most philanthropic. The family has used these financial gifts to enrich health services, faith-based organizations and arts & culture.
One of the most well-known members of the DeVos Family is Dick DeVos. If you recognize that name, you are not alone. Dick has served as the CEO of Amway, he ran for governor’s office in Michigan and he was named by Forbes as the 67th richest person in the United States of America. DeVos’ net worth has been estimated to be around $5.1 billion.
Dick DeVos grew up in the family business (Amway) and spent his formative years in Grand Rapids, Michigan. He began officially working for the family business in 1974. Over the next ten years, DeVos filled various roles within the company, and became a VP in 1984. The DeVos family went on to purchase the Orlando Magic in 1991, with Dick stepping in to be the team’s president and CEO. He went on to leave that position in 1993, when he succeeded his father as the President of Amway.
DeVos has always displayed a heart to provide help to people who need it. It makes sense, then, that Dick and his wife became co-chairs of the Education Freedom Fund. This fund allows low-income Michigan residents to receive private scholarships, so their children can attend the school of their choice. Dick went on to further establish his passion for philanthropy with his involvement with the Children’s Scholarship Fund (matching a $7.5 million grant the fund received), the Kids First! Yes! Campaign and the formation of the Dick and Betsy DeVos Foundation, which gives money to several charitable causes that focus on children and education.
It is always refreshing to see the most successful and wealthy people making a point of giving back to the world. Dick DeVos, in keeping with the practice of the DeVos Family for decades, has shown just how much of a difference one can make by making philanthropic endeavors a top priority.