Steve Van Andel began his career in the family business, Amway, in the 1960s, working alongside his father and uncle. He started from the ground up, learning the ins and outs of the direct selling industry, which would later become his passion and expertise.

Steve Van Andel’s Current Net Worth (2025)

As of 2025, Steve Van Andel’s current net worth is estimated to be around $6.5 billion. This significant wealth is primarily attributed to his successful career at Amway and various other investments.

Career

Steve Van Andel co-founded Amway in 1959 with his late brother, Jay Van Andel. He served as the company’s president from 1979 to 1993 and later as chairman until 1997. Under his leadership, Amway grew into a global direct selling giant with operations in over 100 countries.

Other Ventures

Beyond Amway, Van Andel has been involved in numerous other ventures. He co-founded the Van Andel Institute, a biomedical research and education organization, in 1996. He also serves on the board of several companies, including Alticor and the Windquest Group, a private investment management firm.

Assets

Van Andel’s assets include a significant stake in Alticor, the parent company of Amway. He also owns real estate, including the Pinnacle Center, a commercial office complex in Grand Rapids, Michigan. Additionally, he has a substantial art collection, featuring works by artists like Andy Warhol and Roy Lichtenstein.

Annual Income

While Steve Van Andel’s annual income is not publicly disclosed, it’s estimated to be in the tens of millions of dollars. This income is derived from his stake in Alticor, his investments, and his role in various companies. However, these estimates can vary and are not official figures.

Frequently Asked Questions about  Steve Van Andel

Frequently Asked Questions about Steve Van Andel’s Net Worth

1. What is Steve Van Andel’s net worth?

Steve Van Andel’s net worth is estimated to be around $7.6 billion.

2. How did Steve Van Andel make his fortune?

Steve Van Andel, along with his brother, David, inherited Amway from their father, Rich DeVos, in 1999. They then expanded the company’s operations globally and grew its product portfolio.

3. What is Steve Van Andel’s role at Amway?

Steve Van Andel serves as the co-chairman of Amway, a position he has held since 2002. He is responsible for overseeing the company’s global operations and strategic planning.

4. What other businesses does Steve Van Andel own?

Besides Amway, Steve Van Andel has investments in various other businesses, including the Orlando Magic NBA team, the Windy City Bulls, and the Grand Rapids Griffins hockey team.

5. How much is Steve Van Andel’s stake in Amway?

Steve Van Andel owns a 40% stake in Amway, with his brother, David, owning the remaining 60%.

6. What is Steve Van Andel’s political affiliation?

Steve Van Andel is a Republican and has been a significant donor to the Republican Party and various political campaigns.

7. How much has Steve Van Andel donated to political campaigns?

Since 1990, Steve Van Andel has donated over $30 million to political campaigns, with the majority going to Republican candidates and causes.

8. What is Steve Van Andel’s philanthropic work like?

Steve Van Andel and his family are known for their philanthropic efforts. They have donated millions to various causes, including education, healthcare, and community development, through the Richard and Helen DeVos Foundation.

9. Where does Steve Van Andel live?

Steve Van Andel primarily resides in Ada, Michigan, with a secondary residence in Palm Beach, Florida.

10. What is Steve Van Andel’s education background?

Steve Van Andel graduated from Grand Valley State University with a Bachelor of Science degree in Business Administration. He also has an honorary doctorate degree from the university.