Devos Family Net Worth (Updated 2026).
The DeVos family, hailing from Grand Rapids, Michigan, is a name that has become synonymous with entrepreneurship and philanthropy in the United States. The family’s journey began with Richard and Helen DeVos, who founded Amway, a multi-level marketing company, in 1959. The couple, with their innovative idea of direct selling, revolutionized the business world, paving the way for a new generation of entrepreneurs and creating a global empire that would later be passed down to their children.
Richard and Helen’s eldest son, Dick DeVos, took the helm of Amway in 1993, further expanding the company’s reach and solidifying its status as a global powerhouse. However, it was their daughter, Betsy, who would bring the DeVos name into the political spotlight. Married to former Michigan Governor and U.S. Secretary of Education, Dick DeVos, Betsy DeVos has been a prominent figure in Republican politics, serving as the U.S. Secretary of Education under President Donald Trump from 2017 to 2021.
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Devos Family’s Current Net Worth (2025)
The Devos family, led by Richard and Helen DeVos, has an estimated net worth of $9.3 billion as of 2025, according to Forbes. This puts them among the wealthiest families in the United States.
Career
Richard DeVos co-founded Amway, a direct selling company, in 1959. He served as its president until 1993 and remained on the board until 2002. His wife, Helen, was a philanthropist and a major Republican Party donor. Their children, Dick, Dan, and Doug, have also been involved in various business ventures and philanthropic activities.
Other Ventures
The DeVos family has investments in various sectors, including sports. They own the Orlando Magic NBA team and have interests in the Grand Rapids Griffins hockey team. They also own the Windy City Motorcycle Company and have real estate investments across the country.
Assets
The DeVos family’s assets include their stakes in Amway, their sports teams, and their real estate portfolio. They also have a significant art collection, which includes works by Picasso, Matisse, and Warhol. Their primary residences are in Ada, Michigan, and West Palm Beach, Florida.
Annual Income
While the DeVos family’s exact annual income is not publicly disclosed, their wealth primarily comes from their stakes in Amway, which generates billions in annual sales. Their political donations and investments also contribute to their income. In 2020, they donated over $15 million to Republican candidates and causes.
Frequently Asked Questions about Devos Family
**Frequently Asked Questions: Devos Family Net Worth**
1. What is the Devos Family’s net worth?
The Devos Family’s net worth is estimated to be around $7.2 billion.
2. Who are the members of the Devos Family?
The Devos Family consists of Richard and Helen DeVos, their four children (Dick, Dan, Cheri, and Doug), and their respective families.
3. How did the Devos Family amass their wealth?
The DeVos family’s fortune comes primarily from Amway, the direct-selling company co-founded by Richard DeVos’ father-in-law, Jay Van Andel. They also have significant investments in various businesses, real estate, and philanthropic endeavors.
4. What is Amway?
Amway is a multinational direct-selling company based in Ada, Michigan. It was co-founded by Jay Van Andel and Richard DeVos in 1959 and offers a wide range of health, beauty, and home care products.
5. What is the DeVos family’s involvement with the Orlando Magic?
The DeVos family, particularly Richard and Helen, owned the NBA’s Orlando Magic from 1991 until 2017. They sold the team to the Wilf Family, owners of the NFL’s Minnesota Vikings.
6. How much has the DeVos family donated to charity?
The DeVos family has donated hundreds of millions of dollars to various charitable causes, with a significant portion going to educational and medical institutions. They have established the DeVos Family Foundation to manage their philanthropic efforts.
7. What is the DeVos family’s political affiliation?
The DeVos family is known for its conservative political leanings and has been a significant donor to Republican causes and candidates. Richard DeVos served as the U.S. Ambassador to the Netherlands under President Donald Trump.
8. How much is Betsy DeVos, the former U.S. Secretary of Education, worth?
Betsy DeVos, the former U.S. Secretary of Education and wife of Dick DeVos (son of Richard and Helen), has an estimated net worth of around $1.3 billion.
9. What is the DeVos family’s connection to the Gerald R. Ford Presidential Museum?
The DeVos family has been a significant supporter of the Gerald R. Ford Presidential Museum in Grand Rapids, Michigan. Richard DeVos was a close friend of President Ford, and the family has donated extensively to the museum and the Ford Library.
10. How has the COVID-19 pandemic impacted the DeVos family’s net worth?
Like many ultra-wealthy families, the DeVos family’s net worth has fluctuated during the COVID-19 pandemic due to market volatility. However, their net worth has since recovered and continued to grow.
