| Name: | Betsy Devos |
| Net Worth: | $ 5 billion |
| Source of Wealth: | Amway / Prince Corporation |
| Born: | January 8, 1958 |
| Age: | |
| Country: | USA |
| Wife: | Dick DeVos |
| Children: | Andrea DeVos, Ryan DeVos, Richard DeVos III, Elisabeth DeVos |
| Residence: | Holland, MI, USA |
| Private Jet: | Boeing 737 BBJ (N737DV), Boeing 737 BBJ (N260DV), Gulfstream G550 (N250DV), Gulfstream G550 (N253DV) |
| Yacht | LEGACY |
Elisabeth Dee DeVos, fondly known as Betsy DeVos, has carved a significant niche for herself in the realms of politics, education, and business. Born in January 1958, in the bustling city of Michigan, Betsy DeVos is an iconic figure in the Republican party, showcasing her prowess as the Secretary of Education until she resigned in January 2021.
Betsy DeVos is a proud alumnus of Calvin College, located in Grand Rapids, Michigan. Born to Edgar Prince, a notable founder of Prince Corporation, she inherited an entrepreneurial spirit from her father. The company, known for creating car parts and interior systems for car manufacturers, was sold for a whopping US$ 1.35 billion post the demise of Edgar Prince.
Her brother, Erik Prince, is an influential figure in the private equity sector, presently at the helm of the Frontier Resource Group. Erik Prince also marked his territory in the government services and security industry by founding the renowned company, Blackwater USA.
Betsy is happily married to Dick DeVos. Their union has been blessed with four children: Andrea, Ryan, Richard III, and Elisabeth DeVos. Their shared love for yachting is showcased in their possession of the yacht Legacy.
Dick DeVos, the son of Richard DeVos, carries on his father’s legacy as a billionaire founder of Amway. The family roots are deeply ingrained in the soil of Michigan.
Richard DeVos, in collaboration with his friend Jay Van Andel, established Amway in 1959. This multi-level marketing company delivers high-quality consumer products spanning across the nutrition, beauty, and home categories.
Beginning with the sale of Nutrilite food supplements, the company swiftly grew, marking its spot as one of the 30 largest companies in the US. At present, Amway boasts impressive US$ 9.5 billion in sales and employs more than 20,000 dedicated professionals. Doug DeVos, Dick DeVos’s brother, serves as the current president of Amway.
Dick DeVos is also the proud owner of The Windquest Group, a proficient investment management firm. The firm’s investment portfolio is mainly composed of technology and clean tech. Notable investments include Electra-Therm, Boxed Water, and AOBiome.
Betsy DeVos held the position of Chairman at Windquest. Further, DeVos is the founder of the West Michigan Avation Academy, fostering future leaders in aviation.
As active philanthropists, the DeVos family has donated more than US$ 1.2 billion to numerous worthy causes, with recent annual donations touching nearly US$ 100 million. The donations are made through several family foundations, including the Richard and Helen DeVos Foundation, the Dick and Betsy De Vos Foundation, the Daniel and Pamella DeVos Foundation, the CDV5 Foundation, and the Douglas and Maria DeVos Foundation.
As of now, the DeVos family’s net worth is approximately $5 billion.
The DeVos family also possesses a strong interest in yachting, owning and having owned numerous boats, such as the Westport 164 yacht Legacy. Moreover, the Devos family is a prominent shareholder in the Westport yacht building company, further testifying to their nautical fascination.
Betsy DeVos’s appointment as the 11th United States Secretary of Education by President Trump in February 2017 marked a significant milestone in her career. She tirelessly advocated for children and parents for nearly three decades, aiming to reform the public education system.
On January 7, 2021, Betsy DeVos resigned as Secretary of Education, her decision influenced by the events surrounding the violence at the Capitol.
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Dick and Betsy own a very big house in Michigan on Lake Macatawa. The house has 22,000 square feet of space. There is a 6,200-
The property at 1025 South Shore Drive Holland MI, was previously owned by Richard DeVos. It was later purchased by Dick and Betsy. They tore down the old home and built a new US$ 10 million mansion at the site.
Lake Macatawa is a vibrant freshwater lake located in the U.S. state of Michigan, attracting locals and visitors with its serene beauty and a plethora of recreational opportunities. Spanning over 1,700 acres and reaching depths of up to 34 feet, it is an oasis for boating, fishing, and water sports. The lake is a man-made feature, resulting from the damming of the Macatawa River, which still feeds into the lake.
The lake is dotted with numerous marinas and waterfront homes, providing picturesque views and easy access to the water. For nature enthusiasts, the surrounding area is home to a diverse array of wildlife and bird species, making it an excellent spot for birdwatching and nature walks. The area is also known for its trails, such as the Holland’s Lake Macatawa Bike Trail, that offer scenic views of the lake and its surroundings.
With its pristine waters and beautiful landscapes, Lake Macatawa remains an idyllic getaway throughout the year. Whether you’re seeking thrilling water adventures or tranquil moments of nature’s embrace, Lake Macatawa promises a memorable visit for all.
They are owners of the yacht Legacy. DeVos’ business partner Steve van Andel is the owner of the yacht MLR.
The Legacy yacht was a creation of Westport Yachts and was built in 2012.
The yacht’s enchanting exterior design was conceived by Donald Starkey.
Initially owned by the DeVos family, the yacht was sold in 2022 and is now called Maison Blanche.
The 50-meter yacht, powered by MTU engines, has a top speed of 24 knots and a cruising speed of 18 knots.
Donald Starkey also designed the interior of the yacht which can house 12 guests and a crew of 11.
DeVos and her husband Dick own several private jets, including a Boeing BBJ 737 with registration N737DV. There is another BBJ 737 with registration N260DV. They own a Gulfstream G550 with registration N250DV and another G550 with registration N253DV. And they own a Bombardier Challenger 300 (N254DV).
A Boeing 737 BBJ has a price of US$ 80 million. The aircraft can accommodate 18 passengers. A G550 has a list price of US$ 60 million. The N253DV was built in 2009.
The Boeing BBJ (Boeing Business Jet) is a series of corporate jets based on the popular Boeing 737 commercial airliner. The BBJ series offers a unique combination of range, speed, and comfort for corporate and private use. The jets are designed for executive and VIP travel, and typically include luxury amenities such as private bedrooms, conference rooms, and lounge areas.
The BBJ series has a longer range than most other business jets, allowing for non-stop flights to destinations around the world. The jets also have a spacious cabin, with high ceilings and large windows, providing passengers with a comfortable and well-appointed environment for travel.
Boeing has continued to invest in the BBJ series, offering new models and upgrades that further enhance its capabilities and comfort. The BBJ is widely considered to be one of the best business jets available and is used by corporations, governments, and private individuals around the world.
The price of a Boeing BBJ can vary greatly depending on several factors, including the specific model, age, and configuration of the aircraft. On average, the cost of a new BBJ can range from $70 million to $100 million or more.
The latest addition to the DeVos fleet is the N255DV. It is a Bombardier Challenger 350 built in 2016.
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SuperYacht Owners Database 10-2023
