Orlando Magic Owner Rich DeVos Dies at Age 92

Orlando Magic owner Richard DeVos died Thursday at the age of 92, the team confirmed on Twitter:

Marc J. Spears of ESPN reported the Magic announced the cause of death was "complications from an infection."

DeVos was born in Grand Rapids, Michigan, in March 1926. He built his wealth as the co-founder of the Amway corporation, a global health and beauty company established in 1959.

Forbes noted the businessman, who was also a minority owner of MLB's Chicago Cubs since 2015, had compiled a net worth of $5.5 billion at the time of his death.

DeVos purchased the Magic in September 1991, less than two years after the team played its first game as an expansion franchise, for $85 million. Forbes' latest valuations placed Orlando as the NBA's 19th most valuable organization at $1.225 billion.

Magic senior vice president Pat Williams previously said that the team's longtime owner "never gets the credit he deserves," per the Orlando Sentinel.

"He and his family could have owned a major-league sports team anywhere," Williams told the Sentinel after the news. "They picked Orlando. Orlando had a man who was solid, stable, financially deep, community-oriented and generous, generous, generous."

The team reached the NBA Finals twice under his leadership, most recently in 2009.

DeVos was inducted into the Orlando Magic Hall of Fame in 2016.