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Dick DeVos: A Successful Entrepreneur and Philanthropist

Posted by SugarMusic on

Dick DeVos and his wife Betsy DeVos contributed more than 11 million dollars in 2015 to charity. This data is found on a news report on their website known as the Dick and Betsy DeVos Family Foundation. Even though most people claim that the DeVoses spend a lot on political campaigns, the 2015 charity donations were twice as much as the amount Betsy DeVos dedicated to her campaign contributions over the last five years.


Dick’s family has a great history of donating to the Republican party. Led by Dick’s dad and the co-founder for Amway, Rich DeVos, the DeVos family contributed more than 104 million dollars in 2015. This saw the family ranked in 24th place by Forbes as “America’s Top Givers.”


Forbes also estimates that the lifetime giving of the DeVos family at $1.33 billion which happens to be about 25 percent of the family’s combined wealth. Dick’s wife, Betsy, was also raised by a generous family in Holland. Her father is the late Edgar Prince who was a well-known industrialist in Holland.


Much of their donations and philanthropic activities have revealed that education is what they consider the most important. About 26 percent of their donations in 2015 went to education and also awarded a further three percent to groups that favored education reform. Dick Devos feels that the current education system is not fulfilling the “American dream.” DeVos also added that some kids could not get a proper education simply because they were living in the wrong ZIP codes.


Dick also mentioned that even though he supports the change in the public education platform, he is not criticizing any employee in the process. He feels that a lot of administrators and teachers are very hard working but the system needs to change so that the efforts of these employees can be efficient.


Data from their foundation’s tax records showed that a large chunk of their education funding in two years before 2015 went mainly to Michigan schools. These included schools such as Rehoboth Christian School, Potter’s House in Wyoming, Ferris State University in Big Rapids and West Michigan Aviation Academy among others.


Dick DeVos’ Career


Some of the top positions Dick has held over the years were in organizations such as NBA’s Orlando Magic and Amway. He currently works as the president of The Windquest Group. He worked at Amway from 1993 to 2002 where he was in charge of the company’s operations in 50 countries. Dick led Amway to record total sales of about $4.5 billion. He also led the firm to open new markets. He became the chief executive officer of the Orlando Magic for three years after his family acquired the team in 1991.



Philanthropist and Chief Executive Officer- Antony Petrello

Posted by SugarMusic on

Tony Petrello is one ambitious man who is very determined and has always been working hard to see that all his personal, as well as professional goals, are achieved. Mr. Antony is the Chief Executive Officer and the Chairman of the Board of Nabors and its affiliates. Tony Petrello has been the Director of Nabors since 2012, and since 1991 he has had to lead the subsidiary companies. His hardworking spirit has seen Antony climb the career ladder from being the Deputy Chairman of Nabors from 2003-2012. Mr. Antony is recognized for his leadership and management skills, and he has served as the Director of Stewart LLC &Stevenson and Hilcorp Energy Company.

Tony Petrello is a law graduate of the Harvard Law School where he graduated with a degree in Law. He is also a holder of B.S, M.S Degrees in mathematics from Yale University. He also has a vast knowledge and has served in several organization assisting them in the planning as well as directing the companies to adapt and prosper in the competitive business environment.

Read more: Executive Bio, Compensation History, and Contacts

Mr. Antony took the leadership position at Nabors after Eugen Inselberg stepped down. Eugen had been the Chief Executive Officer of the company for about two decades. Before taking over the leadership of the oil and gas company, Antony was the Deputy President of the organization, and he had served in the position for nearly 20 years. During the handing over ceremony, Eugene mentioned that he was confident that Antony will lead the organization to higher heights and that he was the right person to take the position.

Antony Petrello is a family man, and he is married to his lovely wife, Cynthia. Together they have a daughter Carena who they adore so much. Carena was born with Periventricular Leukomalacia. Recently the couple was grateful as the daughter has made a big step in his growth by chewing her first solid food and they have termed the achievement as a miracle to them. T6he parents mentioned that their daughter is practicing to walk and they also know it is a miracle.

Tony Petrello and her wife Cynthia saw and found the opportunity to work at Texas Children’s Hospital. Taking their daughter to the hospital everyday has given them an excellent opportunity to stretch their hand and help other children suffering from the same condition as Carena. Antony Petrello has been making contributions to assist the children suffering the same condition as their daughter because he has the passion for seeing them make progress towards their healing.

Read more about Tony Petrello on Bloomberg
Read more about Tony and Cynthia Petrello at the Houston Chronicle