Dick DeVos: The Man Behind The Windquest Group And $139 Million In Generosity

Dick DeVos has been featured in several news primetime shows and business outlets and he found his way into the national spotlight again when his wife Betsy became the 11th US Secretary of Education. This time DeVos made headlines by revealing the answer to the question of just how much he’s given to philanthropy over the years. Just prior to Betsy’s confirmation hearings, Dick DeVos released a statement of $139 million that the couple had given to charity over their lifetimes. The $139 million has funded all kinds of non-profits ranging from politically conservative activists, healthcare initiatives, education and civic centers. Dick DeVos has also funded several groups through his company The Windquest Group.

 

Dick DeVos founded The Windquest Group in 1989 though he started taking it bigger after 2002 when he stepped down from Amway Corporation. The Windquest Group was founded as an investment company for alternative but powerful energy initiatives and is the holding company for Electratherm Energy. But it’s also the holding company for several other companies in home storage, restaurants and even now a brewery. Dick got his business training from working at Amway, a company his father Richard DeVos Sr. who owns the NBA’s Orlando Magic founded. DeVos learned the ins and outs of business management during his time at Amway. He was vice president there from 1984 to 1989 and then became CEO in 1993. But most importantly he’s brought his business skills to philanthropic leadership.

 

His first efforts to assist private schools began in 1990 as a member of the Michigan State Board of Education. Later after starting the Dick & Betsy DeVos Family Foundation, he and Betsy began assisting families and private schools through scholarship funds generated through Education Freedom Fund, Children’s Scholarship Fund and Children First America. The DeVos’s later formed the Great Lakes Education Association which connected the state’s various charter schools, and then later opened an aviation-based charter school known as the West Michigan Aviation Academy.

 

Dick DeVos has given to and sat on the board of Grand Rapids development groups including Grand Action formerly known as Grand Vision. This group has transformed downtown Grand Rapids through building arts and sports venues and bringing more commerce to needy areas. Dick DeVos also has funded several conservative agendas through Hudson Institute and Heritage Foundation. In 2006 he ran for governor against incumbent Jennifer Granholm but lost by 14 points. But in the years after this race he began prompting Michigan lawmakers to pursue a right-to-work bill, and in 2012 after following the example of Governor Walker in Wisconsin, Governor Rick Snyder signed the new bill into law in Michigan. Dick and Betsy are also two donors to the Kennedy Center‘s Institute of Art’s Management in Washington D.C.

 

Norman Pattiz Makes an Announcement

PodcastOne released its findings from its research of pre- and post-campaign brand lift this February. The study took place late last year for podcast advisers and was the first of its kind. Multiple well known brands spanning a number of various product and service categories participated in the comprehensive studies.

 

PodcastOne founder Norman Pattiz and Tom Webster, VP of Strategy for Edison Research were eager to announce the results as they prove the positive impact of podcast advertising on brand recall. The results show a significant rise in tendency to purchase, as well as, product awareness.

 

Edison Research did PodcastOne a favor and conducted three studies in conjunction with PodcastOne’s research in the last half of 2016. Some of the brands were nationally recognized and some weren’t. Regardless of the brands’ recognition Edison’s research showed the same findings.

 

PodcastOne reports that there was a 7% incline of listeners mentioning a specific grocery brand post-campaign. Another key finding from the studies was the fact that product awareness pertaining to financial services products was up close to 50%.

 

According to PodcastOne Founder and Executive Chairman Norman Pattiz the goal of the studies was to show the potential impact the podcast format could have on brand advertising. Both believe that podcast formats will soon surpass traditional advertising formats.

 

About Norman J. Pattiz

 

Norman J. Pattiz is most known today as the Founder and Executive Chairman of PodcastOne. He also served as CEO until 2016. In 1974 he founded legendary Broadcast company Westwood One. With Pattiz at the helm it became the largest provider of news, sports, entertainment, talk and traffic programming in the nation.

 

In 2009, Pattiz was inducted into the National Radio Hall of Fame and received the Giants of Broadcasting Award from the Library of American Broadcasting. He currently resides in Beverly Hills with his longtime wife.

 

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Sam Boraie: New Brunswick Real Estate Tycoon

Have you ever heard of a person named Sam Boraie from New Brunswick? He is an amazing and persistent real estate businessman and philanthropist and Vice President of Boraie Development. The whole purpose of Boraie Development is to offer services with a concentration in real estate development, property management, sales and marketing.

In an article on WSJ, Sam and Boraie Development have implemented many exclusive residential projects in New Brunswick. Sam’s first project was his old and rusted eight-floor building on Albany Street. He renovated the entire building making it look luxurious and people started to notice his magnificent building. People knew that there was going to be a huge change in New Brunswick. Sam realized for a town to grow, it needed some top-notch residential units, and so he started constructing and renovating many residential buildings in the New Brunswick area.

One of his projects is the New York City style One Street condominium building. This amazing building has twenty-five stories, 121 residential units, 40,000 square-feet of office space, a 400-space car garage, and around 10,000 square feet of retail. It was completed in 2007 and it sold out in less than two months. His latest project is a deluxe luxury glamorous residential building on Somerset Street which will be ready for tenants to live there and be astonished by the building itself. Sam Boraie will not stop until he makes New Brunswick the very best city with the greatest residential and office buildings.

Besides putting real estate in New Brunswick, Sam is on the advisory board for non-profit Elijah’s Promise. Sam joined the advisory board because he believes in making a change in the community. Mainly provide delicious food to people in the community and surrounding areas. They believe food can be a tool that can spark a change in the community. Elijah’s Promise will do what it takes to bring an end to hunger, as well as providing education and job training so that people in the community can live a better life. Education and job training is very important and it is what makes a person become successful and Elijah’s Promise is determined thrive in that aspect.

You can visit State Theatre New Jersey for more details.

See more: https://www.bloomberg.com/profiles/companies/0601263D:US-boraie-development-llc

 

How Don Ressler has thrived in the E-Commerce Field

Don Ressler is recognized as a leading entrepreneur who has established a couple of successful startups, which include Intelligent Beauty and its branches. The first enterprise that he founded was known as FitnessHeaven.com, and Intermix Media acquired it in 2001. Ressler then worked together with Adam Goldenberg to establish Alena Media. Goldenberg was 19 years old at that time and was the COO of Intermix. Their performance advertising and e-commerce venture made hundreds of million, and it was the primary income earner for Intermix on apparelnews.net. In 2005, Intermix was acquired by the News Corp, which is a top media conglomerate. The company later ignored it, and its profits reduced significantly.

The two entrepreneurs believed that they had sufficient skills in the online performance advertising field, and therefore, they decided to establish a business that they could execute independently. They worked with their former Alena Media staff, and after two weeks, they founded Brand Ideas. The firm was later renamed Intelligent Beauty. According to perezhilton.com, the enterprise was a direct-to-consumer brand. It established a subsidiary that was known as DERMSTORE, and it was dedicated to online retail of cosmetics and skincare products. Two years later Intermix developed SENSA, which majored in weight loss. Its CEO was Brett Brewer, and Dr. Alan Hirsch dealt with the development of its products. The two subsidiaries are highly profitable. In 2008, Intelligence beauty was offered a funding of about $43 million by Technology Crossover Ventures.

Read more: JustFab raises $85M at what sources say is a $1B valuation

Intelligence Beauty then established JustFab in 2010 by Don Ressler and Adam Goldenberg. The firm is an e-commerce fashion retailer that offers subscription services to its clients. Matrix Partners funded JustFab in 2011 by providing it with $33 million. The enterprise grew rapidly and gained over 4 million subscribers by December. In April 2012, it announced that it had more than six million members. The company received a total funding of $76 million from Intelligent Beauty, Matrix Partners, Rho Ventures, and Crossover Ventures.

JustFab later started FabKids, which offered children’s fashion. In Many 2013, it acquired a thriving European e-commerce business that is known as The Fab Shoes. The enterprise assisted in gaining over 3 million subscribers from the UK, Germany, France, and Spain. JustFab secured a series C funding of $40 million in October 2013 and used it in establishing Fabletics. The company worked with Kate Hudson in building the business. It also acquired a top rival that was known as ShoeDazzle. JustFab got an additional fund of $85 million in 2014, and this brought its total invest to $250 million.

Learn more about Don Ressler: https://eyepain.org/index.php/2016/12/19/don-ressler-is-part-of-the-incredible-success-of-justfab-and-fabletics/