One of the longest-tenured owners in the NBA world, Richard DeVos of the Orlando Magic had held that role since purchasing the club for a mere $85 million back in 1991.
Sadly, the Magic announced on Thursday that DeVos has passed away at the age of 92.
— Orlando Magic (@OrlandoMagic) September 6, 2018
At one point one of America’s 10 wealthiest people, DeVos is known more in the business community for being the co-founder of Amway. The marketing company saw its revenue stream hit a cool $8.6 billion last year and is world renowned.
As an NBA owner, DeVos oversaw the Magic go from expansion team to one of the hottest tickets in the game. A year after purchasing the team, Orlando drafted Shaquille O’Neal No. 1 overall in the 1992 NBA Draft.
The team would go on to make the playoffs four consecutive seasons with its first ever trip to the postseason coming in 1993-94. Overall, Orlando earned two NBA Finals appearances in DeVos’ near three-decade long run.
DeVos is survived by his four children. His longtime wife, Helen June, passed away last year.