Doug Devos Net Worth (Updated 2025).
Doug Devos began his career in the 1970s, joining the family business, Amway, alongside his brother, Rich. He started at the ground level, learning the ropes of the direct selling industry and quickly demonstrating his prowess in sales and leadership. By the 1980s, Doug’s hard work and dedication had earned him a place on the company’s board of directors, marking the beginning of his rise to prominence.
Doug Devos’ Current Net Worth
As of 2025, Doug Devos’ current net worth is estimated to be around $5.5 billion, according to Forbes. This figure is subject to change and is based on the latest available information.
Career
Doug Devos, born in 1952, is the son of Richard DeVos, the co-founder of Amway. He serves as the CEO of Windy City Wire, a manufacturing company based in Chicago. He also holds a significant stake in the Orlando Magic, an NBA team. Doug’s career has primarily revolved around these ventures, with his business acumen contributing to their success.
Other Ventures
In addition to his roles at Windy City Wire and the Orlando Magic, Doug Devos is involved in several other ventures. He is a co-owner of the Grand Rapids Griffins, a minor league hockey team. He also has investments in various other businesses, including manufacturing, real estate, and finance. Doug’s diverse portfolio reflects his interest in multiple industries.
Assets
Doug Devos’ assets include a significant stake in the Orlando Magic, valued at over $1 billion. He also owns a minority stake in the Grand Rapids Griffins. In addition to his sports investments, Doug owns several properties across the United States, including a sprawling estate in Ada, Michigan. His manufacturing company, Windy City Wire, is another substantial asset in his portfolio.
Annual Income
While the exact figure of Doug Devos’ annual income is not publicly disclosed, it is estimated to be in the tens of millions of dollars. His income primarily stems from his role as CEO of Windy City Wire and his investments in the Orlando Magic and other businesses. However, it’s important to note that this figure can fluctuate based on the performance of his ventures.
Frequently Asked Questions about Doug Devos
**Frequently Asked Questions: Doug Devos Net Worth**
1. What is Doug Devos’ net worth?
Doug Devos’ net worth is estimated to be around $5.3 billion.
2. How did Doug Devos make his fortune?
Doug Devos is the son of Richard Devos, the co-founder of Amway. He inherited a significant portion of his wealth from his father and has since expanded it through various investments and business ventures.
3. What is Doug Devos’ involvement with the Orlando Magic?
Doug Devos, along with his brother Dan, owns the NBA team Orlando Magic.
4. How much is the Orlando Magic worth?
The Orlando Magic is valued at around $1.35 billion, as of 2021.
5. What other businesses is Doug Devos involved in?
Doug Devos is involved in various businesses, including real estate, private equity, and philanthropy. He is also the co-owner of the Devos family’s investment firm, RDV Corporation.
6. Is Doug Devos a philanthropist?
Yes, Doug Devos is known for his philanthropic work. He and his family have donated millions to various causes, including education, healthcare, and community development.
7. What is the Devos Family Foundation?
The Devos Family Foundation is a private grant-making foundation established by Doug Devos’ parents, Richard and Helen DeVos. Doug and his family are actively involved in the foundation’s work.
8. How much has the Devos Family Foundation donated?
The Devos Family Foundation has donated over $1.2 billion since its inception.
9. What is Doug Devos’ political affiliation?
Doug Devos is a Republican and has been a significant donor to the Republican Party and conservative causes.
10. What is Doug Devos’ education background?
Doug Devos graduated from the University of Notre Dame with a Bachelor of Business Administration degree. He also has an MBA from the University of Michigan’s Ross School of Business.
