Richard Devos Net Worth (Updated 2026).

Richard Devos, born in 1926, began his career in the humble setting of his family’s hardware store in Grand Rapids, Michigan. From an early age, he displayed an entrepreneurial spirit, working alongside his father and learning the ropes of business. After serving in the U.S. Army during World War II, Devos returned home and co-founded the direct sales company, Amway, with his friend Jay Van Andel in 1959. The company, which initially sold cleaning products, grew rapidly due to its unique business model, and soon, Devos found himself at the helm of a burgeoning international corporation.

Richard DeVos’ Current Net Worth (2025)

As of 2025, Richard DeVos’ net worth is estimated to be around $5.3 billion, according to Forbes. This makes him one of the wealthiest individuals in the United States.

Richard DeVos’ Career

Richard DeVos co-founded the direct sales company Amway in 1959 with his friend Jay Van Andel. He served as the company’s president from 1972 to 1993. Later, he also served as the chairman of the Orlando Magic NBA team from 1991 to 2011.

Other Ventures

In addition to Amway and the Orlando Magic, DeVos has been involved in various other ventures. He has invested in real estate, including the development of the Amway Grand Plaza Hotel in Grand Rapids, Michigan. He has also been a significant political donor, contributing to Republican candidates and causes.

Assets

DeVos’ assets include a majority stake in Amway, which generates billions in annual sales. He also owns the West Michigan Whitecaps minor league baseball team and has interests in several other businesses. His real estate holdings include properties in Michigan, Florida, and elsewhere.

Annual Income

DeVos’ annual income is primarily derived from his stake in Amway. However, the exact figure is not publicly disclosed. His political donations, which have totaled in the tens of millions of dollars over the years, also represent a significant portion of his annual spending.

Frequently Asked Questions about  Richard Devos

Frequently Asked Questions: Richard Devos Net Worth

1. What is Richard Devos’ net worth?

Richard Devos’ net worth is estimated to be around $5.4 billion.

2. How did Richard Devos make his fortune?

Richard Devos co-founded Amway, a direct selling company, with his friend Jay Van Andel in 1959. He also had interests in the NBA’s Orlando Magic and the NFL’s Detroit Pistons.

3. What is Richard Devos’ age?

Richard Devos was born on March 4, 1926. He passed away on September 6, 2018, at the age of 92.

4. Where was Richard Devos born?

Richard Devos was born in Grand Rapids, Michigan, USA.

5. Did Richard Devos have any children?

Yes, Richard Devos had four children: Doug, Dick, Cheri, and Dan.

6. What was Richard Devos’ education background?

Richard Devos graduated from Grand Rapids Junior College and served in the U.S. Army Air Forces during World War II.

7. What was Richard Devos’ political affiliation?

Richard Devos was a Republican and was the finance chairman for the Republican National Committee from 1977 to 1985.

8. What was Richard Devos’ philanthropic work?

Richard Devos and his wife Helen established the Richard and Helen DeVos Foundation, which focuses on education, health, and leadership initiatives.

9. What was Richard Devos’ cause of death?

Richard Devos passed away from natural causes at his home in Ada, Michigan.

10. What was Richard Devos’ height?

Richard Devos was 5 feet 10 inches (178 cm) tall.