The Shocking Betsy DeVos Net Worth Revealed: How Did She Accumulate Such Wealth?
Have you ever heard of Betsy DeVos? She is a businesswoman, politician, and philanthropist, but she’s most known for being the Secretary of Education of the United States from 2017 to 2021. But, what really made her a known name is her net worth. In this blog post, we’ll discuss how Betsy DeVos accumulated such great wealth throughout her life and career.
Who is Betsy DeVos?
Betsy DeVos is a prominent businesswoman hailing from Michigan. She has been active in politics and philanthropy for decades. Her most notable political position was serving as the United States Secretary of Education from 2017 to 2021. According to Forbes, DeVos is worth around $2.8 billion.
Early Years and Family Background
Betsy DeVos was born on January 8th, 1958, in Holland, Michigan. Her maiden name is Elisabeth Dee Prince, and she was born into a very wealthy and influential family. Her father, Edgar Prince, was a billionaire industrialist and her brother is currently a U.S. Navy SEAL.
Education and Early Professional Life
Betsy DeVos received her Bachelor of Arts degree in Business Economics from Calvin College in Grand Rapids, Michigan. After her graduation, she started working at her father’s company, Prince Corporation, and held various positions in the company, including Vice President.
Philanthropy and Political Activities
Betsy DeVos has been active in philanthropy and politics for decades. She and her husband Dick DeVos have donated millions of dollars to various causes, including education, the arts, and public policy. They’ve also been active in the Republican Party and have donated large sums of money to conservative candidates and causes.
Investments and Venture Capital
Betsy DeVos also has a background in investments and venture capital. She and her husband have invested in numerous businesses and startups over the years, including tech and media companies.
Amway Corporation
The DeVos family made their fortune through Amway Corporation, a multi-level marketing company that sells health, beauty and home care products. Betsy’s husband Dick DeVos served as the company’s president from 1993 to 2002.
Real Estate
Betsy DeVos and her husband have also invested heavily in real estate. They own several properties across the United States, including a massive estate in Ada, Michigan, and a condo in Jupiter, Florida.
Conclusion
In conclusion, Betsy DeVos accumulated her vast wealth through various means. She was born into a wealthy family, worked in her father’s company, was active in philanthropy and politics, invested in startups, made her fortune through Amway Corporation, and also invested heavily in real estate.
FAQs
Q1: What is Betsy DeVos’ net worth?
A1: Betsy DeVos has a net worth of around $2.8 billion.
Q2: What is Amway Corporation?
A2: Amway Corporation is a multi-level marketing company that sells health, beauty and home care products.
Q3: What is Betsy DeVos’ educational background?
A3: Betsy DeVos has a Bachelor of Arts degree in Business Economics from Calvin College.
Q4: What causes has Betsy DeVos donated money to?
A4: Betsy DeVos and her husband have donated to causes that include education, the arts, and public policy.
Q5: What other businesses and ventures have the DeVos family invested in?
A5: The DeVos family has invested in various startups and businesses, including tech and media companies.
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