Entrepreneur Dick Devos

Dick DeVos is a very giving entrepreneur and philanthropist, extremely active in the Michigan and the national Republican party as a donor (and past Michigan governor aspirant), and successful businessman. His great interest in improving the infrastructure of Grand Rapids, Michigan, the state’s second largest city, has led to considerable new growth and revitalization along the city’s skyline while helping to prevent what could have turned out to be suburban sprawl. Worried that a sports facility was going to be built outside of the city’s central business district, Mr. DeVos took immediate and powerful action. With other area business leaders who were instrumental in the construction of some of the city’s most noteworthy and significant facilities (DeVos Place Convention Center, Van Andel Arena, DeVos Performance Hall, Grand Rapids City Market, MSU’s medical school among others), the Grand Action group was formed.

 

Dick, who is the husband of Betsy DeVos, appointed the U.S. Secretary of Education by President Trump, is the heir to the DeVos family fortune, as is Betsy, heir to fortunes on her side of the family as well. What with all the financial success and prosperity they have enjoyed throughout their lives, though, they don’t sit still accruing more and more wealth. As GOP mega-donors, the DeVoses have used their considerable political influence in Michigan to implement greatly needed changes in state law affecting labor and education.

 

With a great interest in aviation (Mr. DeVos is a licensed pilot), Dick reached a pinnacle in this field on September 28, 2017, when he was one of seven new members appointed to the top civilian panel overseeing the Federal Aviation Administration (FAA) by U.S. Department of Transportation Secretary Elaine L. Chao.

 

In addition to all the other activities that keep him in perpetual motion, Mr. DeVos and Betsy founded and oversee the Dick & Betsy DeVos Family Foundation, a powerful Michigan philanthropy with many heartfelt interests. From 1989 to 2015, donations from the Foundation to groups in health and human services, leadership programs, arts and culture, churches, and policy initiatives focused on scholarships for private schools and education reform exceeded $138.7 million. Their donation of $12.5 million was greatly instrumental in the construction of a children’s hospital in the Spectrum Health System, a $103 million project.

 

Now in the national spotlight, the DeVoses interest in strategic advocacy for private school vouchers have spread from Michigan to other states across the country. Mrs. DeVos has stated that 24 states and Washington D.C. now have some sort of vouchers for private schools.

 

Visit http://www.dbdvfoundation.org/about to learn more.

Other entrepreneurs can learn from leaders of Fortress Investment Group

It is not easy for a company to remain top in the financial industry due to stiff competition. But Fortress Investment Group has been competitive in the Global financial market even after being in the industry for more than twenty years. Currently, the firm manages assets worth billions of dollars and has managed to attract investors from across the world. It was the first company to sell shares publicly in the United States. The leaders of the company have set up a management system that has contributed significantly to the success of the company.

Competencies

Fortress Investment Group has been providing several services to its customers in the financial world. These are services like financial loans, private equity, credit hedge funds, and capital vehicles. It has been running sufficiently and providing these services to various parts of the world. It is competent in mergers and acquisition, and it has led to successful merging with other companies whereby each firm benefits. It has been employing an asset-based approach in the determination of the value of the company before any transaction can be made. The company is run by individuals who are knowledgeable when it comes to financial markets. It has used the experience and the services it has offered in the past to build its portfolio and attract a wide range of clients. It continues to enjoy success in the financial markets.

The management team

It is not easy to run such a large organization successfully without a competent team. That is why Fortress Investment Group is run by more than 900 executives and over 2000 employees. They have been working in collaboration with the leaders to ensure the company achieves its goals. The top management team has been crucial in the running of the company. The senior officials are people who have been in the market for many years, and they have acquired the experience needed to run a company successfully.

Leaders like Peter Briger, Wes Edens and Randal Nardone have been working together with the goal to ensure that they serve the customers with diligence. They have been guiding their employees on how to run the business. These leaders are experienced in running the operations of a large businesses. They have the capacity to take the company to even higher levels of growth. Currently Fortress Investment Group has over $40 billion in asset management. They are looking to increase this value as time goes by.