| Net Worth: | $2 Billion |
|---|---|
| Date of Birth: | January 8, 1958 (66 years old) |
| Gender: | Female |
| Profession: | Politician |
| Nationality: | United States of America |
What is Betsy DeVos’s Net Worth?
Betsy DeVos is an American politician who has a net worth of $2 billion. Betsy DeVos was born in Holland, Michigan in January 1958. In 2017, President Donald Trump appointed her to be the Secretary of Education of the United States, which is perhaps the reason she is best recognized.
Her father, Edgar, created an enterprise worth billions of dollars in automotive parts, which is where she gets the first of her two sources of riches. She also wed Dick Devos, whose father Richard founded Amway and eventually helped it grow into an empire worth billions of dollars.
DeVos attended Calvin College and is a Republican. In the years 2003 to 2005 and 1996 to 2000, she served as the chair of the Michigan Republican Party twice. DeVos has experience working as a political campaign donor, businesswoman, and activist.
She represented Michigan on the Republican National Committee from 1992 to 1997. She has served as the board chair for the Action Institute and Alliance for School Choice. DeVos has also served as the PAC’s chairman for All Children Matter. Former Amway CEO Dick DeVos is her husband.
Richard Richard DeVos, Dick’s father, was a co-founder of Amway, a multi-level marketing organization. When Richard DeVos passed away in September 2018, his net worth was $6 billion. But even without being married, Betsy is far from a beggar. A straightforward yet inventive sun visor with a built-in mirror for vehicles was developed by Betsy’s father Edgar in 1976.
Every time a car was sold with one, the DeVos family received a royalty from that straightforward patent. Every day, The Prince Company produced 20,000 sun visors during its peak in the middle of the 1990s. Johnson Controls purchased the company from the family in 1996 for a cash payment of $1.3 billion.
The creator of Blackwater USA is Erik Prince, Betsy’s brother. Her close relatives are worth over $5 billion together. In 2017, a tie vote in the Senate resulted in the confirmation of DeVos, making history as the first cabinet nominee to do so.
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