Richard DeVos

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Richard DeVos, Sr.
Born(1926-03-04) March 4, 1926 (age 86)
Grand Rapids, MI, USA
NationalityDutch-American
Known forAmway founder, owner of NBA's Orlando Magic
Net worthIncreaseUS$5 billion (2012)[1]
ReligionChristian Reformed Church in North America
Spouse(s)Wife, Helen DeVos
ChildrenDick DeVos, Dan DeVos, Cheri DeVos-Vanderweide, Doug DeVos
 
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Richard DeVos, Sr.
Born(1926-03-04) March 4, 1926 (age 86)
Grand Rapids, MI, USA
NationalityDutch-American
Known forAmway founder, owner of NBA's Orlando Magic
Net worthIncreaseUS$5 billion (2012)[1]
ReligionChristian Reformed Church in North America
Spouse(s)Wife, Helen DeVos
ChildrenDick DeVos, Dan DeVos, Cheri DeVos-Vanderweide, Doug DeVos

Richard 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 USD$ 5 billion.[2] (At one point, he was in the top 10 of wealthiest Americans).

DeVos was educated at Calvin College and is a member of the Sigma Phi Epsilon Fraternity. He served in the military in World War II in the United States Army Air Corps.[3]

Contents

Books

Books written by him include Compassionate Capitalism, "MOO", 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!.

Sports ownership

Richard 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 IHL franchises before that league folded; the Solar Bears & Blades were closed as a result of the league folding, while the Griffins moved to the AHL, and are now under the ownership of Dan DeVos, one of Richard's sons. However, in 2011, it was announced that DeVos plans to revive the Solar Bears as an expansion franchise for the ECHL. The new franchise will take the ice in October 2012.

DeVos was approached to buy the Magic and after a 45min meeting, Devos wrote a single check for $300 million dollars purchasing the team.

DeVos asked Orange County, FL 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.[6]

Boards

He sat on the board of trustees of Northwood University and has sat as president on 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.[7] Additionally he sits on the board of Christian Leaders Institute, a non-profit organization committed to strengthening the Christian Church.[8]

Personal

In addition to Dan (owner of the Griffins), Richard 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.[9]

See also

References

  1. ^ Forbes profile page on Richard DeVos Forbes.com. Accessed March 2012.
  2. ^ Forbes magazine profile of Richard DeVos Forbes.com. Accessed March 2012.
  3. ^ The Possible Dream, by Charles Paul Conn, page 6
  4. ^ Levin, Doron (October 8, 1997). "Fate, patience bring DeVos a new heart: Amway cofounder back after journey for life". Detroit Free Press. 
  5. ^ "Orlando Team Sold". New York Times. New York Times Company. 1991-09-20. http://www.nytimes.com/1991/09/20/sports/nba-orlando-team-sold.html. Retrieved 2010-07-27. 
  6. ^ "Nothing but the best for new arena: Look what your taxes helped buy". Orlando Sentinel. http://articles.orlandosentinel.com/2010-03-13/news/os-magic-arena-furnishings-20100313_1_new-arena-magic-executives-amway-arena. Retrieved 13 March 2010. 
  7. ^ "National Constitution Center, Board of Trustees". National Constitution Center Web Site. National Constitution Center. 2010-07-26. Archived from the original on 2010-07-26. http://www.webcitation.org/5rWT81EKj. Retrieved 2010-07-27. 
  8. ^ "Christian Leaders Institute". Christian Leaders Institute Web Site. Christian Leaders Institute. 2012-05-07. http://www.christianleadersinstitute.org. Retrieved 2012-05-07. 
  9. ^ "2006 Official Michigan General Election Results – Governor 4 Year Term (1) Position". Miboecfr.nictusa.com. http://miboecfr.nictusa.com/election/results/06GEN/02000000.html. Retrieved 2010-01-26. 

External links