Amway is a global multi-level marketing company that was founded by Rich DeVos and Jay Van Andel in 1959. The company is still privately held by the DeVos and Van Andel families. To address the questions, Amway was established by Rich DeVos and Jay Van Andel, and it remains under the ownership of their respective families. This multi-level marketing giant has maintained its private status since its inception in 1959. The DeVos and Van Andel families continue to oversee the operations and strategic direction of the company, ensuring its legacy and business model remain intact.