Education Pick DeVos Reveals Assets of at Least $580 Million
- School-choice advocate agrees to divest from 102 entities
- DeVos is daughter-in-law of Amway co-founder Richard DeVos
Betsy DeVos, secretary of education nominee for U.S. President-elect Donald Trump, speaks during a Senate Health, Education, and Labor Committee confirmation hearing in Washington, D.C., U.S., on Tuesday, Jan. 17, 2017.
Photographer: Zach Gibson/BloombergBetsy DeVos disclosed that she and her husband own assets worth at least $580 million, and she agreed to divest from 102 entities within 90 days of her confirmation as secretary of education, according to documents released by the federal Office of Government Ethics.
DeVos, 59, tapped by President- Donald Trump to lead the U.S. Department of Education, is a businesswoman and education activist who has advocated for school choice and voucher programs. Her husband, Dick DeVos, is the son of billionaire Richard DeVos, the co-founder of Amway Corp. Her brother, Erik Prince, is the founder of Blackwater USA, a government-services and security company.