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Harry Wayne Huizenga drove a Florida garbage route before building Waste Management, Blockbuster, and AutoNation into three Fortune 500 companies

Harry Wayne Huizenga began by collecting garbage in Florida before building business empires through Waste Management, Blockbuster, and AutoNation.

Harry Wayne Huizenga drove a Florida garbage route before building Waste Management, Blockbuster, and AutoNation into three Fortune 500 companies

Harry Wayne Huizenga's journey to building Fortune 500 companies began in Florida with a garbage collection route. In 1962, at age 25, he purchased a $5,000 truck and started Southern Sanitation Service, servicing 20 commercial customers. By merging with a company owned by his widowed aunts, Huizenga formed Waste Management Inc., which grew to become the world's largest waste collection and disposal company.

After retiring from Waste Management in 1984, Huizenga entered the video-rental industry, acquiring a string of stores and building Blockbuster, which became one of the most successful video companies before being sold to Viacom in 1994 for $8.5 billion. Huizenga's investment returned a profit of $8.4 billion on a $18 million initial investment.

In 1996, Huizenga created AutoNation, a superstore for new and used cars, which quickly became the largest retail automobile dealership in the country. By 2000, AutoNation held the 63rd position on the Fortune 500 list. Huizenga also served as the chairman of Extended Stay America, Republic Services, and Boca Resorts, among other companies.

He gained significant publicity through his ownership of sports teams, including the Miami Dolphins, Florida Marlins, and Florida Panthers, though he eventually sold all three. Huizenga passed away in Fort Lauderdale, Florida, on March 22, 2018, at the age of 80.

Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at hindustantimes.com →

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