Dick and Betsy DeVos Sheds Light on Their Philanthropic Contribution

Over the last couple of months, Dick DeVos and his wife Betsy have attracted a lot of attention not only because of Betsy DeVos Confirmation as Secretary of Education but also because of their charitable contribution. In November 2016, President Elect Donald Trump nominated Betsy as the Secretary of Education. Following the nomination, Betsy was mandated to share information on the couple’s contribution. Dick and Betsy, however, decided to share the information with the public.

According to the report, the couple contributed $139 million in support of different organizations. In 2015 alone the couple donated $11million and 26% of that was contributed to the education sector. Most of the couple’s contributions have been in support of the education system.

Most of the DeVos family charity donations have been made via their Foundation; The Dick and Betsy DeVos Family Foundation. Through the Foundation, the couple supports the Art Prize which is an art competition.

In 2008, they established the Dick and Betsy DeVos Scholarship. The scholarship supports students pursuing MBA, MA, and MS.

They have also established the Betsy and Dick DeVos Scholars. It is a scholarship that is awarded to the students pursuing the Bachelor of Business Administration or Master of Business Administration

About Dick DeVos

Even though, Dick comes from a wealthy family, he has managed to create an empire. After graduating from College, Dick DeVos joined the Amway Corporation in 1974. Richard DeVos Sr. founded the Amway Corporation. Dick was in charge of different departments including Finance, Sales, Marketing, Research, and Development. After ten years in the company, He was promoted to the position of Vice President of the Company. He was in charge of the Company’s operations in 18 Company offices.

In 1991, Richard DeVos acquired Orlando Magic, and Dick acted the president of the Company for a short period. He, however, had to resign to assume his position as the President of the Amway Corporation. During his tenure as president, the company grew by 50% in annual sales.

Dick participated in the restructuring of the Amway Corporation, and that was when the Alticor Company was born. Dick retired as the president of the Company in 2002 to join Windquest Group as the President.

Political involvement

Just like his wife, Dick has tested the Political Waters. In 1990, he won the Michigan State Board of Education. Two years into his eight-year term, Dick resigned to take up his position as the President of Amway.

In 2006, he participated in Michigan gubernatorial race. Even though he lost the race, Dick is still regarded as the wealthiest person to take part in the race.

In addition to his leadership skills and charitable contributions, Dick is also a civic leader. He promotes the local interests including the Regional Air Alliance of West Michigan.

 

DAMAC Properties Has Continued to Shine and Prosper under Hussein Sajwani’s Watch

Hussain Sajwani is a distinguished property developer with interests in real estate and the food industry. After graduating from the respected Washington University, he got a position at Abu Dhabi National Oil Company. He held the position of the Contracts Manager at the firm’s subsidiary, GASCO.

He left GASCO to start his first business in the catering sector, which he runs to date. Hussein later developed interests in property development and the 90s; he built a number of hotels becoming one of the first entrepreneurs to invest in the industry. In 1982, he started DAMAC Properties, which has since grown to be an emulate property development firm in the Emirates.

Hussain also has interests in the capital markets, which led him to start DICO Investments Co LLC. The company deals with private equities investments, mergers & acquisitions, as well as trading in publicly traded companies.

DAMAC Properties

Hussain Sajwani has massive expertise in the overall running of the business from sales and marketing to legal, finance, and administration.

Under his watch, DAMAC Properties has grown its operations from its headquarters in Dubai to other major cities of the world, including Jeddah, London, Riyadh, Amman, Beirut, Abu Dhabi, and Doha. He also grew it from a private firm to a publicly traded company floating its shares at the Dubai Stock Market. Learn more about DAMAC owner: http://www.gulfconstructiononline.com/news/story/4267

The company develops leisure, residential, and commercial properties. In the recent past, DAMAC Properties have continued to partner with top lifestyle and fashion designers, including Versace & Fendi and Bugatti to develop properties with new and catchy concepts.

A Worthy Partnership

Hussain Sajwani family and Donald Trump’s family share a relationship that lengthens beyond business. This has been evidenced by the frequent times that both families have met and dined together with Donald Trump praising the DAMAC owner. Read more: Hussain Sajwani | Newksira

Their property development companies, The Trump Organization and DAMAC Properties, recently joined forces to create two golf courses. The first golf course, The International Golf Course was officially opened in early 2017 with the second expected to be launched by the end of 2018. This relationship has spilled over to their children as they are now actively working together to deliver on the two projects.

Philanthropy

Hussain Sajwani together with his company, DAMAC Properties have interests in Philanthropy. He recently donated 2 million AED to a campaign christened The Ramadhan Initiative. The initiative is focused on providing clothing to needy children across the globe.