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What does the word Amway mean? Amway is an abbreviation for “American Way” and was coined in 1959 by company founders. Jay Van Andel and Richard DeVos. Short unique and easy to remember Amway has been registered as a corporate name and trademark ever since. n the following decades Amway Corporation successfully established itself as a leading multi level marketing business built on strong values and founding principles that continue to sustain our company today. The business is built on the simple integrity of helping people lead better lives Click Here to View Authenticity Guaranteed