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Laureate Archive | Alpha Order: D
Richard M. DeVos
Amway Corporation
Richard M. DeVos
( - )
Inducted: 1998
Region: MidWest
Industry: Marketing
Richard M. DeVos and Jay Van Andel are the co-founders of Amway Corporation. Their lifelong business partnership started when DeVos paid Van Andel a quarter a week for rides to high school. After numerous business ventures together, they founded Amway in 1959. From their homes, they created a business opportunity that revolutionized the direct-selling industry. Amway markets more than 450 personal care, nutrition and wellness, home care, home tech, and commercial products that they develop and manufacture.