- Amway is an American company that uses a multi-level marketing model to sell a variety of products, primarily in the health, beauty, and home care markets
Amway Net worth 2024 (estimated)
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Amway facts
- Amway was founded in 1959 by Jay Van Andel and Richard DeVos
- Based in Ada, Michigan, the company and family of companies under Alticor reported sales of $9
- 5 billion for 2015, the second consecutive year of decline for the company
- Its product lines include home care products, personal care products, jewelry, electronics, Nutrilite dietary supplements, water purifiers, air purifiers, insurance, and cosmetics
- It has been, several times, subject of investigation in various countries for alleged pyramid scheme related practices by institutions like the United States Federal Trade Commission (FTC), but such accusations have later been disregarded
- Amway conducts business through a number of affiliated companies in more than a hundred countries and territories around the world, ranked No
- 29 among the largest private companies in the United States by Forbes in 2015 and No
- 1 in multi-level marketing by Direct Selling News
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