Net Worth

Betsy Devos Net Worth

Updated January 2, 2020
3 min read

How much is Betsy Devos worth? $5.4 billion

How did Betsy Devos earn her money and wealth?

Betsy Devos, real name Elisabeth Dee DeVos, was born on 8 January 1958 in Michigan, Us to Elsa Prince and Edgar Prince. Her father was a businessman who established ‘Prince Corporation,’ an automobile based supplier in Michigan. Betsy went to Holland Christian High School and later earned a BA degree from the Calvin College in the year 1979. She continued to stay as a member of the Christian Reformed Church located in North America and also a member of the Mars Hill Bible Church.

Betsy DeVos is not only an American businesswoman but is also a politician and philanthropist currently serving as the eleventh US Secretary of Education since the year 2017. She started off her journey with the Michigan Republican Party in the year 1982 and since the year 1986, Betsy has been serving the party as a local precinct delegate for sixteen consecutive two-year terms. In the year 1989, she co-founded the privately held investment management company called ‘Windquest Group’ along with her husband Dick DeVos. The same year, the Dick and Betsy DeVos Foundation was established which has since then donated millions of dollars to hospitals, art organizations, Christian schools, public schools and among others. From the year 1992 to 1997, Betsy remained as the Republican National Committeewoman for Michigan.

In the year 2008, Betsy hosted a Republican fundraiser at her residence which was headlines by then US President George Bush. The same year, she and Dick established ‘The Dick & Betsy DeVos Scholarship’ to help the MS, MA or the MBA students to attend the Thunderbird School of Global Management. Having served as the finance chairperson of the National Republican Senatorial Committee for a period of 2 years, she got the opportunity to work closely on several projects with the Bush Administration.

It was in 2012 that Betsy paired with Dick to produce the stage play called ‘Scandalous: The Life and Trials of Aimee Semple McPherson’ for Broadway. Unfortunately for Devos, the play received negative responses and closed in December after running for three weeks. In November 2016, US President Donald Trump nominated Betsy as Secretary of Education in his cabinet. This declaration gathered mixed reaction from the several sections of the society, but the advocates of school choice welcomed the decision.

While Stephen Henderson, the editor of Detroit Free Press wrote that Betsy is not an ‘educator or an education leader,’ The Chicago Tribune was in favor of her nomination. Betsy and her husband both are members of a board of ‘Neurocore’ which is a group that offers experimental biofeedback therapy to treat issues such as autism, depression, hyperactivity, attention deficit and anxiety. The Senate Committee on Health, Education, Labor, and Pensions finally approved Betsy’s nomination on 31 January 2017 and later sent for voting to the Senate floor. Later, on 7 February 2017, Betsy was confirmed as the education secretary and assumed office as the eleventh US Secretary of Education.

What are the highest earnings of Betsy Devos?

  1. Salary as Secretary of Education (2018): $200,000

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