Holding company
Owned by the families of Amway founders, Rich DeVos and Jay Van Andel. Alticor is the parent company of three distinct businesses: 1. Amway - since 1959, one of the world's largest direct selling brands. 2. Access Business Group LLC - a business services company specializing in the manufacturing and distribution of products for both Alticor and non-Alticor companies. 3. Alticor Corporate Enterprises - a holding company for the corporation's non-direct selling companies.
Company Assessment
(Last updated Jan 2024)
Praise
Criticism
Information
Alticor Inc
Praise
Criticism
Information
Political donations
This company is on OpenSecrets.org's list of "Top Donors", a list of the 100 biggest givers in US federal-level politics since 1990. Companies on this list lobby and spend big, with large sums sent to candidates, parties and leadership PACs. This company comes in at number 96 on the list, with contributions totalling $30,188,974 between 1990 and 2020.
Source: Open Secrets
(2020)
$1.5m class action settlement
In 2024 this company agreed to pay US$1.5 million to settle a class action lawsuit that alleges Alticor allowed funds in the Amway 401(k) plan to underperform and allowed excessive fees.
Source: Top Class Actions
(2024)
OpenSecrets.org profile
OpenSecrets.org tracks the influence of money on U.S. politics, and how that money affects policy and citizens' lives. Follow link to see this company's record of political donations, lobbying, outside spending and more.
Source: Open Secrets
(2020)
Company Details
Type:
Private company
Revenue:
9.2 billion USD
(2010)
Employees:
13,000
(2010)
Subsidiaries:
Amway Corporation
Direct selling
Founded in USA in 1959 by Rich DeVos and Jay Van Andel. One of the world's largest direct-sales businesses.
Amway of Australia
Direct selling
Most of their products are manufactured and packaged by their parent company in USA.