Dick DeVos’ Business Prospects and Philanthropic Endeavors

Dick DeVos has curved a top niche in the corporate and philanthropy arenas by launching several successful businesses and foundations. He is the founder of Windquest Group, a prominent investment management company that invests in manufacturing, technology, and other sectors that prove to be profitable. Together with his wife (Betsy), DeVos has been a staunch supporter of School Choice program. The couple operates the Dick and Betsy DeVos Family Foundation, which focuses on empowering pragmatic leadership, improving the quality of education, arts, justice, and community.

The work history of Dick DeVos

DeVos started his professional career at the Amway Corporation in 1974. He oversaw the operation of departments such as development, marketing, sales, research, and finance. Due to the excellent performance of various departments that were under his management, DeVos was promoted to the vice president post. As the VP, his duty was to manage Amway’s operation in 18 nations.
Role at Orlando Magic

After Orlando Magic became a property of the DeVos’ family in 1991, he was hired to lead the team as the CEO and President. When DeVos was taking up leadership of Orlando Magic, civic and business leaders living in Grand Rapids considered him as a compassionate, intelligent, and community-conscious individual who could facilitate the success of the team.

Transforming Amway to Alticor

In 1993, Dick DeVos became the president and CEO of Amway and succeeded his father. He expanded the relevance of the firm to over 50 nations. In 2000, he directed a major corporate restructuring that led to the birth of Alticor. Job cuts were one the many cutbacks that DeVos made during the restructuring process to advance a return to profitability and avoid further downsizing. DeVos left his position at Alticor to focus on managing the affairs of his firm, the Windquest Group.

Philanthropy

Dick DeVos participates enthusiastically in community initiatives, including serving as the co-chair of Grand Action, an organization that has been an authority in upgrading downtown Grand Rapids area. He sits on the boards of Spectrum Health System, the West Michigan Academy, and Michigan Chamber of Commerce. Betsy DeVos advocates for high-quality education for all kids, irrespective of their socioeconomic level and geographical location. DeVos and his wife run the Dick and Betsy DeVos Foundation.

1 thought on “Dick DeVos’ Business Prospects and Philanthropic Endeavors”

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