Who owns Amway?

Question

Who owns Amway?

Zippia Team · Accepted Answer

Alticor owns Amway. Alticor is owned by the families of Richard DeVos and Jay Van Andel, and is Amway's parent company.

Rich DeVos and Jay Van Andel made a pact in high school to become business entrepreneurs together. They started a flying school and opened a drive-in restaurant. Soon after, they founded Amway from the basements of their homes in 1959. They built their success on the desire to make other people successful.

Amway is one of the world's largest direct-selling organizations. The company sells products for nutrition, beauty, personal care, and the home. Amway is led by a diverse global management team that supports Amway Independent Business Owners and their goals.

In 2019, Amway's annual revenue was $8.4 billion, and its workforce had over 16,000 employees.