Larry Hillblom Net Worth
Larry Hillblom net worth: Larry Hillblom is an American businessman and co-founder of DHL. He was born on May 12, 1943 in Kingsburg, California, and studied law at the University of California. While in school, Larry took a job as a courier which included flying packages between San Francisco and Los Angeles. After graduation from university, Hillblom started a courier business that flew bills of lading from San Francisco to Honolulu and with his two friends, Adam Daisley and Robert Lynn. In 1969, Daisley, Hillblom, and Lynn started DHL.
In the beginning, the three founders drove goods from San Francisco that needed to be rushed to the airport in Los Angeles. By the 70s, DHL became one of the fastest-expanding delivery companies in the United States. By the 90s, DHL became the world's largest air-express company with and annual revenue of $3 billion. After the success of DHL, Larry Hillblom took his attention to projects in Hawaii, Vietnam, and the Philippines. In the last 15 years of his life, Hillblom has lived in Saipan where he acted as the president of the Bank of Saipan (1982-1986), and served as the Special Justice on the Supreme Court in the Northern Marianas.
Hillblom invested heavily on new and daring projects. After the success with DHL, he spent $40 million in Vietnam trying to restore the Dalat Palace Hotel and Golf Course. In addition to colonial restorations, he also owned a wide portfolio including shares in Air Micronesia. When Continental Airlines announced bankruptcy, Hillblom spent a large portion of his wealth to recapitalize the company in 1993. His personal fleet of airplanes consisted of new and vintage models which alone were worth millions. Tragically, on May 21, 1995, while flying from Pagan Island to Saipan, Hillblom's seaplane crashed. His body was never recovered.