Dick and Betsy DeVos Reveal their $139 million Donations

Dick DeVos and his wife Betsy have been in the limelight due to their different contributions in both the education and political realm. Following her nomination to the Education Secretary by President Donald Trump, her contributions are being scrutinized.

 

It is because of this that the couple has decided to reveal the amount of money that they have contributed. It has been reported that collectively the couple has contributed cumulatively $139 million.

 

According to the Dick and Betsy DeVos Foundation report, the couple contributed $11.6 million to charitable contribution in 2015.

 

Dick DeVos is part of a high-profile dynasty that has contributed over $1.33 billion in their lifetime. Betsy also comes from a family that believes in philanthropy work.

 

Dick and Betsy are passionate about education, and that is why they have focused most of their contributions to education. In 2015, they contributed $3 million towards the education causes which accounted for about 26% of their total contributions in that year.

 

Their foundation contributed $ 357,000 to support the different education reforms. They contribute to education because they want to see reforms in the education sector.

 

About Dick DeVos

 

He is a businessman and philanthropist. Even though he has been involved in different projects, it is his work at the Amway that propelled is a career. He joined the corporation in 1974 where he held different positions including research and development, marketing, sales, manufacturing, and finance. He first became the vice president of the company. This is a position that gave him the responsibility of overseeing the responsibilities of the company in 18 countries. He was later promoted to the position of the president from 1993 to 2002. Under his leadership, the company grew to over 50% in annual sales. When he was leaving, the company reported $ 4.5 billion in revenue.

 

In 1991, the DeVos family bought the Orlando Magic National Basketball Association. His father later divided the company amongst his children and Dick ended being up a part owner of the company.

 

In 2000, he founded the Alticor Company but later retired as the president in 2002. After he had retired, he became the president of the Windquest Group which is a company with holdings in manufacturing and technology

 

He has also been involved in different community initiatives. In 1993, together with his wife, they became the co-chairs of the Education Freedom Fund which has provided over 4,000 scholarships. He has contributed money to the West Aviation Academy that gives training to students pursuing aviation.

 

His foundation has supported different groups American Education Reform Council, Children First America and the Choices for Children.

 

In 2006, Dick DeVos was in the Michigan Gubernatorial candidacy race.

 

 

Dick DeVos Found His Footing After Career With Amway

Richard “Dick” DeVos, the eldest son of Amway tycoon, Richard DeVos Sr., has mapped out his own success over the years. While some billionaires have no problem playing the role of trust fund “babies,” DeVos had no intent on simply resting on his laurels and doing nothing. He has a long and distinguished history of his own. He has built his own company from the ground up and did much to contribute to the success of Amway.

DeVos began working for Amway right out of college. He moved around to a variety of positions throughout the company to get to know the people and the products. After being named vice-president in 1989, he was chosen as CEO in 1993, a position he held until 2002. His family is also the sole owners of the Orlando Magic basketball team. He served as CEO within the organization for five years.

His company Windquest Group is one of the country’s leading suppliers of home improvement products. Now worth several billion, the company is looking to expand to other areas.

DeVos is also known as a generous philanthropist. He and his wife’s foundation has given millions toward a number of worthwhile projects throughout the state. He is big on education and a huge proponent of the state’s voucher system. He firmly believes that children should have access to good schools and the ability to opt out of ones that are failing.

He has supported several charter schools in the state and has an aviation academy for underprivileged kids who are interested in science, engineering and aviation.

In 2006, DeVos ran unsuccessfully as a Republican against incumbent Michigan Governor Jennifer Granholm. Although the polls showed a tightening at the end, he ultimately lost by 14 percentage points. Although it was a disappointment to DeVos, he says he wouldn’t rule out another political run in the future.