The Amway Corporation was established in 1959 by long time friends Rich DeVos and Jay Van Andel as a company that would offer the independent business owner (IBO) the opportunity to create an income with a combination of retail profits and sponsoring other IBO. The company was founded on the principles of Freedom, Family, Hope, & Reward which is engraved at the headquarters in Ada, Michigan. Amway is one of the largest privately owned companies in the United States.

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