Wayne Huizenga built Waste Management, Blockbuster (which hit $4 billion in revenue and 3,000 stores), AutoNation, and the Miami Dolphins. Yet when he died, his net worth was only $2.8 billion, far less than the value he created. Sam Parr explores why.
I love Wayne Huizenga. He started this company called Waste Management where he would just go from door to door throwing away your trash. Today it's got a $64 billion market cap. Next, he starts a company called Blockbuster. He gets it to $4 billion in revenue and 3,000 stores in 11 countries. He sells it to Viacom for $8.5 billion. Do you think, all right, you're now you're just going to chill? Absolutely not. He starts AutoNation. It's the largest seller of used cars in America. Extended Stay America. He started that. He also started a bunch of different golf clubs. He eventually buys the Miami Dolphins. Pretty Amazing. This guy's net worth was $2.8 billion when he died. Why is his net worth so low?
