Table: Larry Hillblom
| Category | Information |
|---|---|
| Net Worth | TBD |
| Salary | N/A |
| Birthdate | May 12, 1943 |
| Birthplace | Kingsburg, California |
| Gender | Male |
| Height | N/A |
| Profession | Businessman |
| Nationality | American |
What is Larry Hillblom’s Net Worth?
Larry Hillblom is an American businessman and co-founder of DHL. However, the precise net worth of Larry Hillblom is currently unknown.
Highlights
– Larry Hillblom co-founded DHL, one of the fastest-expanding delivery companies in the United States in the 70s.
– DHL grew to become the world’s largest air-express company with an annual revenue of $3 billion in the 90s.
– Hillblom invested in various projects in Hawaii, Vietnam, and the Philippines, including the restoration of the Dalat Palace Hotel and Golf Course.
– He also owned a wide portfolio, including shares in Air Micronesia, and played a crucial role in recapitalizing Continental Airlines in 1993.
– Hillblom tragically passed away in 1995 when his seaplane crashed. His body was never recovered.
Early Life
Larry Hillblom was born on May 12, 1943, in Kingsburg, California. He studied law at the University of California, where he also took a job as a courier, flying packages between San Francisco and Los Angeles.
Career
After graduating from university, Hillblom, along with his friends Adam Daisley and Robert Lynn, started a courier business that flew bills of lading from San Francisco to Honolulu. In 1969, they co-founded DHL, initially transporting goods from San Francisco to Los Angeles by driving them to the airport.
DHL quickly expanded throughout the 70s and became one of the fastest-growing delivery companies in the United States. By the 90s, it had become the world’s largest air-express company with an annual revenue of $3 billion.
Following the success of DHL, Hillblom ventured into various projects in Hawaii, Vietnam, and the Philippines. He invested millions in the restoration of the Dalat Palace Hotel and Golf Course and held shares in Air Micronesia. Hillblom also played a pivotal role in recapitalizing Continental Airlines when it declared bankruptcy in 1993.
Personal Life
In the last 15 years of his life, Larry Hillblom resided in Saipan, where he served as the president of the Bank of Saipan from 1982 to 1986 and later as the Special Justice on the Supreme Court in the Northern Marianas.
Net Worth Over Time
The exact net worth of Larry Hillblom is unknown, but he accumulated significant wealth during his lifetime. From the success of DHL to his investments in various projects and shares in companies like Air Micronesia and Continental Airlines, Hillblom’s net worth was substantial.
However, his untimely death in 1995 prevented any accurate determination of his net worth at the time. It is worth noting that he spent a considerable portion of his wealth on ventures and personal assets, including a fleet of airplanes consisting of both new and vintage models.
Components of Net Worth
Larry Hillblom’s net worth would have been comprised of various assets and investments. These may have included his stake in DHL, shares in Air Micronesia and Continental Airlines, real estate holdings in Saipan and other locations, and his personal aircraft fleet.
Although specific details about the components of his net worth are not available, Hillblom’s successful business ventures and strategic investments suggest a diverse portfolio contributing to his overall wealth.
Note: All net worth figures are subject to estimation and may vary based on information available from public sources.