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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]
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. [6] [7]
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 ...
In that year Amway Australia became part of the publicly listed company, Amway Asia Pacific, and by 1998 sales had reached A$198 million, [3] [4] with more than 100,000 distributors marketing over 2,500 products. [1] In 2000 Amway Asia Pacific returned to private ownership by New AAP Limited, a Bermuda corporation. [5] [6]
Network Twentyone, is a training and support organization [1] for distributors working with the Amway business. [2] [3] [4] It was founded in 1990 by Jim and Nancy Dornan, distributors with Amway, originally to support their Amway network in the United States and Australia. [5]
1 806 SM Investments: Mandaluyong 10.3 1.4 28.4 18.6 Conglomerate 2 880 Banco de Oro: Mandaluyong 6.1 1.3 81.4 12.7 Banking 3 1,137 Top Frontier Investment Holdings: Mandaluyong 26.0 0.0 47.1 0.6 Conglomerate 4 1,345 Metropolitan Bank & Trust: Makati 3.4 0.8 56.7 5.5 Banking 5 1,602 Ayala Corporation: Makati 5.4 0.7 29.2 6.7 Conglomerate 6 1,946
Jay Van Andel (June 3, 1924 – December 7, 2004) was an American billionaire businessman, best known as co-founder of the Amway Corporation, along with Richard DeVos. [ 1 ] He also served as chairman of the U.S. Chamber of Commerce from 1979 to 1980.
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.