RDV Corporation
Overview
RDV Corporation serves as the DeVos family’s professional office. Its related TheranosTheranosTheranos was a blood-testing company founded in 2003 by Elizabeth Holmes and based in Palo Alto, California, which offered retail testing with Walgreens and was valued at up to $9 billion before regulatory sanctions and criminal charges over alleged fraud in its technology and financial claims led to its dissolution in 2018.Open the full entry investment was held through Dynasty Financial II, LLC, identified parenthetically with RDV Corporation in the restitution order.[1][2]
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Key facts
1991Formation and Services
Founded in 1991 and headquartered in Grand Rapids, RDV provides investment, accounting, tax, philanthropy and talent-management services. OA Private Capital is an affiliated investment adviser.[3]
Family Context
The DeVos family’s business roots include Amway, founded by Rich DeVos and Jay Van Andel in 1959. Family interests also include the Orlando MagicOrlando MagicThe Orlando Magic are an NBA basketball team based in Orlando, Florida, with Kia Center as their home arena.Open the full entry and OA Private Capital.[2]
2021Evidence in the Theranos Trial
Lisa Peterson testified about RDV’s Theranos investment at Holmes’s trial. The 2023 restitution ruling relied on her testimony in identifying investor losses and explicitly associated RDV Corporation with Dynasty Financial II, LLC.[1]
May 2023Restitution and Expense Request
The court awarded RDV $99,999,984 in restitution, jointly and severally payable by Holmes and Balwani. It declined a separate request for approximately $500,000 in legal and investigative expenses because sufficiently precise billing or supporting evidence was not supplied. The award is not evidence of subsequent recovery.[1]