Dick DeVos is a business leader who has led two large companies, Amway Corporation and now The Windquest Group. He’s also donated to many non-profit groups and founded the Dick & Betsy DeVos Foundation, the source of funding for education and political activist groups. The Windquest Group is an alternative investment company that also owns subsidiaries in manufacturing, clean energy, health, and technology. One subsidiary they own is the Stow Company where Phil Dolci was recently hired as CEO.
Dick DeVos started at a young age working for the family company Amway Corporation, co-founded by his father Rich DeVos and Jan Van Andel. After completing his business degree at Northwood University, Dick started taking leadership positions in the company’s research and development and finance divisions, and eventually became a vice president. When his father retired in 1993, Dick took over as CEO and lead the company for 10 years, growing sales profits and expanding operations in foreign markets, leading to over $4 billion in his last year alone. Dick also served as president of the NBA’s Orlando Magic from 1991-1993.
Dick DeVos and his wife Betsy started the family foundation in 1992, making education reform one of their top priorities. They also tried unsuccessfully to pass a state private school voucher and tax credit law. They also chair the Education Freedom Fund and support Children First America.
Dick DeVos is also an active member of the Republican party, having been longtime friends and supporters of former president Gerald R Ford’s family. Betsy served as chair for a few years on the Michigan Republican Party, and Dick at one time decided to run for governor in 2006. It was a tight and contentious race, but he narrowly lost to incumbent Jennifer Granholm. In 2012, Dick and Betsy helped campaign to pass the state’s right-to-work law. Dick is also a member of the Grand Action Committee, a group that has helped revitalize economically poor areas of Grand Rapids.