- US Secretary of Education Betsy DeVos is one of the wealthiest members of President Donald Trump’s cabinet.
- The education secretary and her husband, former Amway CEO Dick DeVos, have an estimated net worth around $1.3 billion.
- Their fortune partly comes from controversial multi-level marketing company Amway.
- The DeVos’ have been major Republican donors and philanthropists for years.
President Donald Trump boasts a particularly wealthy circle of advisers.
Together they’re worth $10 billion. Trump has claimed that by appointing rich individuals he is ensuring his team is “representing the country” instead of being in it for the money, Business Insider reported.
Both the education secretary and her husband, Amway heir Dick DeVos, hailed from wealthy and powerful Michigan families. They share a conservative Christian worldview — and a desire to influence politics in Michigan and beyond.
DeVos’ reputation as a top GOP donor — and her consistent advocacy for charter schools — ultimately helped propel her to the White House.
Here’s a look at how DeVos’ immense wealth and billion dollar net worth came about:
DeVos came from a wealthy Michigan family. Her father, Edgar Prince, founded automobile parts supplier Prince Corporation. The corporation was sold to Johnson Controls Inc. for $1.35 billion in cash in 1996.
Source: The New York Times
Politico’s Zack Stanton wrote that growing up, the Princes taught their four children “a deeply religious, conservative, free-market view of the world.” They also sent all of their kids — including DeVos’ brother, Blackwater founder Erik Prince — to private schools.
DeVos herself attended Holland Christian High School, and then matriculated to Calvin College in Grand Rapids, Michigan, where she majored in the school’s economic group.