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Wayne Huizenga
- 1. Wayne Huizenga By James Reamer
- 2. Early Life • -born on december 29, 1937 in Evergreen Park, Illinois. • -grew up in a chicago suburb for a bit until he moved to Florida in the mid 1940's • -Originally planned on entering the army in 1959, spent 6 months in basic training • -Started to work for is family friend who owned a garbage collection company instead
- 3. Early Career (Waste Management) • -Within two years of working for his family friend he had bought his own truck and started his own garbage collection business • -by 1968 he had 40 trucks mainly from promoting local business • -by 1972 he formed with another company in chicago to form waste management • -by taking WMI it public, in 1983 WMI acquires nearly 150 local and regional disposal services making it the largest disposal company in the US
- 4. Blockbuster Video • -opened in 1987, went public in 1989, same as WMI • -Blockbuster Before going public: 7 million dollar business with 19 stores across the country • -Blockbuster after going public: 4 billion dollar enterprise with more than 3,700 stores across 11 countries • - became US' largest movie rental chain in 1994
- 5. AutoNation • -opened in 1996 • -now has over 370 dealerships • -first auto dealership to go public
- 6. Other Investments… • -Hotel Chain, "Extended Stay in America", sold in 2004, with over 500 hotels across the US • -in 1990 purchased 15% of the Miami Dolphins • -purchased luxury yacht in 2004 for 77 million dollars
- 7. Wayne’s Keys to success • -first person to build three fortune 500 companies from scratch • -this is from going public • -stuck with mainstream businesses that he knew people would need • -didn't take no for an answer (used questionable tactics to gain business)
- 8. Works Cited • "Wayne Huizenga Biography." Entrepreneurs - Starting and Running Your Own Business. Web. 8 Feb. 2010. http://entrepreneurs.about.com/od/famousentrepreneurs/p/waynehuize nga.htm. • McGraw, Dan. "Will He Own the Road?." U.S. News & World Report Oct. 20 1997: 44+. SIRS Researcher. Web. 08 February 2010. • Ozanian, Michael K. "The $11 Billion Pastime." Financial World 10 May 1994: 50+. SIRS Researcher. Web. 08 February 2010. • Walsh-Sarnecki, Peggy. "National Heritage-Run Charter Schools Making Profits." Detroit Free Press (Detroit, MI) Jan. 15 2003: n.p. SIRS Researcher. Web. 08 February 2010.