Even among Donald Trump's exceptionally rich Cabinet, Betsy DeVos is exceptionally rich by ChaseWithorn
mong Donald Trump’s historically rich cabinet members, Betsy DeVos is the richest. But for more than two years, the extent of her finances has been a mystery. Nowhas zeroed in on the root of the DeVos family fortune, Amway, to come up with what we believe is the most realistic estimate of the size of her fortune published so far. Together, Betsy DeVos, her husband and their four adult children are worth roughly $2 billion.
Assuming they also own 25% of the family’s second-largest asset, the Orlando Magic basketball team, that’s another $300 million or so. Their slice of the family’s portfolio of commercial real estate, private equity investments, mansions and yachts makes up the rest of the education secretary’s net worth.Betsy DeVos is the richest member of Donald Trump's cabinet. She, her husband and their four adult children are worth an estimated $2 billion—mostly in Amway stock.
The DeVoses own a sportsplex in Florida, a baseball stadium in Michigan and a resort in the Bahamas. They reportedly own at least ten yachts, including the 164-foot. In 1991 Richard DeVos shelled out $85 million to buy the NBA's Orlando Magic.
. In all, she has disclosed that her share of these outside holdings—which do not include Amway or the Magic—are worth at least $335 million.
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