March 4, 1926 |
Grand Rapids, Michigan, US
|Known for||Amway founder, owner of NBA's Orlando Magic|
|Net worth||US$5.1 billion (March 2013)1|
|Religion||Christian Reformed Church in North America|
Richard M. DeVos, Sr. (born March 4, 1926, Grand Rapids, Michigan) is an American businessman, co-founder of Amway along with Jay Van Andel (company restructured as Alticor in 2000), and owner of the Orlando Magic NBA basketball team. In 2012, Forbes magazine listed him as the 60th wealthiest person in the United States, and the 205th richest in the world, with an estimated net worth of $5 billion.2 At one point, he was one of the 10 wealthiest Americans.
Books written by him include Compassionate Capitalism and Hope From My Heart: Ten Lessons For Life. The latter reflects his feelings after successfully undergoing a heart transplant operation in 1997. This was preceded by two heart-bypass operations in 1983 and 1992.4 In 1975, DeVos published a book about his success, co-authored with Charles Paul Conn, titled Believe!.
DeVos is the owner of the National Basketball Association's franchise basketball team, the Orlando Magic, having bought the team in 1991.5 DeVos also formerly owned the Orlando Solar Bears, Grand Rapids Griffins, and the Kansas City Blades, three International Hockey League franchises before that league folded; the Solar Bears and Blades were closed as a result of the league folding, while the Griffins moved to the American Hockey League, and are now under the ownership of Dan DeVos, one of Richard's sons. In 2011, it was announced that DeVos planned to revive the Solar Bears as an expansion franchise for the ECHL. The new franchise will take the ice in October 2012.
DeVos bought the Magic for $85 million, he became interested in the team after an unsuccessful effort to acquire a major league baseball expansion franchise for Orlando.6
DeVos asked Orange County, Florida, to help pay for the Orlando Magic's new arena using county funds and Dema Stobell's Corporation money. Amway pays for the naming rights to Amway Arena. The use of public money was controversial.7
He sat on the board of trustees of Northwood University and has been president of the Council for National Policy. He currently serves on the board of trustees of the National Constitution Center in Philadelphia, which is a museum dedicated to the U.S. Constitution.8 Additionally, he sits on the board of Christian Leaders Institute, a non-profit organization committed to strengthening the Christian Church.9
DeVos is a major donor to the Republican Party and to conservative causes, including Focus on the Family, the American Enterprise Institute, and organizations with ties to the Koch Brothers. DeVos has also supported the candidacies of Rick Santorum and Newt Gingrich.1011 DeVos has served as a finance chairman for the Republican National Committee.12
In addition to Dan (owner of the Griffins), DeVos is the father of Richard Jr., Cheri, and Doug. Richard Jr. was the Republican Party nominee for governor of Michigan in 2006, but was defeated by the then incumbent governor, Jennifer Granholm.13
- Forbes: The World's Billionaires - Richard DeVos March 2013
- Forbes magazine profile of Richard DeVos Forbes. Retrieved March 2012.
- The Possible Dream, by Charles Paul Conn, page 6
- Levin, Doron (October 8, 1997). "Fate, patience bring DeVos a new heart: Amway cofounder back after journey for life". Detroit Free Press.
- "Orlando Team Sold". New York Times. 1991-09-20. Retrieved 2010-07-27.
- "Nothing but the best for new arena: Look what your taxes helped buy". Orlando Sentinel. Retrieved March 13, 2010.
- "National Constitution Center, Board of Trustees". National Constitution Center. 2010-07-26. Archived from the original on 2010-07-26. Retrieved 2010-07-27.
- "Christian Leaders Institute". Christian Leaders Institute. 2012-05-07. Retrieved 2012-05-07.
- Bennett, Laurie (26 December 2011). "The Ultra-Rich, Ultra-Conservative DeVos Family". Forbes. Retrieved 28 November 2013.
- Confessore, Nicholas (16 December 2012). "Michigan Effort Shows G.O.P. Sway in State Contests". NYT. Retrieved 28 November 2013.
- "Richard M. DeVos, Sr.". Bloomberg Businessweek. Retrieved 28 November 2013.
- "2006 Official Michigan General Election Results – Governor 4 Year Term (1) Position". Miboecfr.nictusa.com. Retrieved 2010-01-26.
- Knape, Chris (May 19, 2009). "At 83, Amway co-founder Richard DeVos prepares company's third generation, addresses church, gay-marriage concerns". Michigan Live.
- Profile at Forbes
- Appearances on C-SPAN
- Richard DeVos at the Notable Names Database
- Works by or about Richard DeVos in libraries (WorldCat catalog)
- Richard DeVos' campaign contributions at Newsmeat