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Amway Corp. (short for "American Way") is an American multi-level marketing (MLM) company that sells health, beauty, and home care products. [2] [3] [4] The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. [5] Amway and its sister companies under Alticor reported sales of $8.9 billion in 2019. [1]
Amway North America (formerly known as Quixtar North America) is an American worldwide multi-level marketing (MLM) company, founded 1959 in Ada, Michigan, United States. It is privately owned by the families of Richard DeVos and Jay Van Andel through Alticor which is the holding company for businesses including Amway, Amway Global, Fulton Innovation, Amway Hotel Corporation, Hatteras Yachts ...
Headquarters in Ada, Michigan. Alticor is a privately owned American corporation run by the DeVos and Van Andel families. [5] It was established in 1999 to serve as the parent company for a handful of business ventures, most notably the multi-level marketing company Amway and Amway Global, and a manufacturing and distribution company, Access Business Group.
Richard Marvin DeVos Sr. [1] (March 4, 1926 – September 6, 2018) was an American billionaire businessman, co-founder of Amway with Jay Van Andel (company restructured as Alticor in 2000), and owner of the Orlando Magic basketball team.
Think Amway household products, Avon skin care, Mary Kay cosmetics, Tupperware food storage containers. “Whatever the name, they all work in basically the same way,” asserts the author.
Now we turn our attention to Frank L. VanderSloot, the billionaire businessman whose privately-held company, Idaho Falls-based Melaleuca, is one of the biggest donors to the super PAC backing Mitt ...
It is the fourteenth-largest beauty company [10] and, with 6.4 million representatives, is the second largest multi-level marketing company in the world (after Amway). [11] The company's CEO is Kristof Neirynck who was appointed to the position in November 2023.
Image credits: Prahlis #3. MLM’s- Amway, Mary Kay, Pampered Chef, Monat, Herbalife etc. If anyone approaches you and says they have a great business opportunity for you: RUN.