All You Need To Know About Dick DeVos

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Dick DeVos is an entrepreneur and businessman from Michigan. He is the son of Richard DeVos, the co-founder of Amway. He was born and raised in Michigan, and he went through the Forest Hills school system. In 2012, the Forbes Magazines listed him as one of the richest people in the United States.

 

He started getting involved in his family business when he was very young. The business offices were very close to his home, and he used to work whenever he was not in school. During the annual conventions, he would be assigned to greet the attendees at the gate. He also helped to clear plates during gatherings and conventions. This made him get courage to speak fluently and confidently in front of people. As a young boy he was able to give product demonstrations without any problems.

 

DeVos started working with Amway Corporation in 1974. He held different positions in the company such as development, research, manufacturing, sales, marketing and finance. He became a vice president of the company in 1984, making him responsible for all the institutions operations in eighteen nations. While holding this position, Amway managed to open numerous new markets in the globe. The company also tripped its internationals sales, and for the first time, they managed to exceed the domestic sales in Amway history. When he left the position after six years, the company had grown significantly.

 

In 1991, the DeVos family purchased Orlando Magic Basketball Franchise; Dick DeVos was chosen to become the CEO and President of the team. Under his leadership, the team is believed to have registered the best results in its history. He however left this position in 1993 to rejoin Amway.

 

After leaving Orlando Magic, DeVos was appointed to become the President of Amway. He got the position from his father, Rich DeVos. When he rejoined the company as its president, Amway was able to expand its operations to over fifty nations and six continents.

 

While working as the president of the institution, he was able to oversee the corporate restructuring and creation of Alticor, the predecessor of Amway and many other companies. In just twenty months, Alticor managed to cut more than one thousand jobs in Michigan during the restructuring. Out of these cuts, four hundred were early retirement and buyouts. This led to profitability of the business and prevented any possible losses to the institution. Dick DeVos is also involved in philanthropic activities. He has funded several educational causes in the past.