H Wayne Huizenga Net Worth: H Before his death in 2018, Wayne Huizenga amassed a net worth of billion of dollars as an American businessman, entrepreneur, and previous owner of professional sports teams. H Once he was in his mid-teens, his family relocated to Fort Lauderdale, Florida. After serving in the Army Reserves, Huizenga established Waste Management, Inc. in Fort Lauderdale in 1968 with a single garbage truck. Today, it is a Fortune 500 corporation. Read on for the full scoop.
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H Wayne Huizenga Net Worth
An American businessman, entrepreneur, and professional sports franchise owner, H. Wayne Huizenga was worth $2.8 billion when he passed away in 2018. He had bought out 133 smaller trash haulers. As early as 1983, Trash Management had already become the leading waste management firm in the country. Huizenga replicated this model when he founded Blockbuster Video in 1987, expanding the company from a single location to become the dominant player in the U.S. video rental market by 1994.
He also established and expanded a string of car lots. Starting with a single dealership in 1996, he turned his business into a Fortune 500 powerhouse known as AutoNation. Ex-owner of the Miami Dolphins of the National Football League, the Florida Panthers of the National Hockey League, and the Miami Marlins of Major League Baseball is Wayne Huizenga. H On March 23, 2018, at the age of 80, Wayne Huizenga passed away. Check About This Erika Alexander Net Worth.
H Wayne Huizenga Started Waste Management Business
In 1962, Huizenga returned to Fort Lauderdale and launched Southern Sanitation Service, a garbage collection and disposal company. Huizenga transformed the company into a Fortune 500 behemoth over the next decade and renamed it Waste Management Inc.
He expanded the business by buying up other, smaller garbage removal firms. He led Trash Management to become a major player in the US waste management industry by the 1980s. In 1984, he resigned from his position with the corporation. Must Read About T. Boone Pickens Net Worth.
H. Wayne Huizenga Acquired Several Blockbuster Video Stores
Huizenga would, during the next few decades, acquire and expand the number of businesses. As early as 1987, he bought multiple Blockbuster Video franchises. In a little over a decade, the firm skyrocketed to become the largest movie rental chain in America. Along similar lines, he started buying car lots in 1996 and eventually turned them into the conglomerate AutoNation. The company grew to become the largest car dealership in the country. See This Marin Hinkle Net Worth.
BREAKING: H. Wayne Huizenga, whose restless entrepreneurial spirit led him to become the only U.S. businessman to found three Fortune 500 companies, has died: https://t.co/ezBlReQw89 pic.twitter.com/3IXANW4uhJ
— South Florida Sun Sentinel (@SunSentinel) March 23, 2018
H Wayne Huizenga Has Also Shown Interest in The Hotel And Resort Business
Aside from that, he ventured into the hospitality industry as well. In the new millennium, he was the owner of several hotel chains. Boca Resorts was a chain of high-end hotels that he sold to private equity firm Blackstone for $1.25 billion in 2004. The properties were located in tourist hotspots like Florida and Arizona. Paying Patrick Swisher and his wife Laura over $8 million in 2010, he acquired a controlling interest in Swisher Hygiene.
Huizenga was a sports fanatic, and he owned or shared ownership of several professional sports teams. He is credited with bringing two very different sports to the South Florida area: baseball and ice hockey. He founded the Florida Marlins and the Florida Panthers and was their original owner. To guarantee that his clubs’ games would be shown, he also purchased SportsChannel Florida, a cable network.
In 1990. He invested in the Miami Dolphins of the National Football League and their stadium by purchasing a fifteen percent stake in both. Over the course of the next twelve months, he purchased the remaining shares, becoming the sole owner by 1994. Back in 2008, he parted ways with Stephen M. Ross and let him buy a half interest in the team and the stadium. Before selling an additional 45% of the team and the stadium to Ross in 2009, he remained the franchise’s managing general partner.
As the 1990s progressed, Huizenga invested heavily in the Florida Marlins. Over $89 million was spent on free agents that year. The decision was successful as the club advanced to the postseason for the first time in its history and ultimately won the World Series in 1997. He parted ways with the team the next year, selling it to commodities dealer John Henry while retaining ownership of the stadium.
He parted ways with the Florida Panthers in 2001, selling them for about $100 million to pharmaceutical tycoon Alan Cohen. The Panthers’ worth has increased by more than $150 million since he first invested in the team. Read More About SSSniperWolf Net Worth.
H Wayne Huizenga Philanthropy
Huizenga was also active in the charitable sector, in addition to his business endeavors. He endowed Nova Southern University in Florida with the H. Wayne Huizenga School of Business and Entrepreneurship. His generosity extended to private preparatory school donations as well.
All things considered, we can confidently state that he was a good man in addition to a great businessman. Check out Dailyrealtime.com for the latest news and updates.
