Question: In the mid - 1 9 9 0 s , DHL was the world s largest shipping company, with $ 5 . 7 billion in
In the mids DHL was the worlds largest shipping company, with $ billion in revenue and employees. Larry Hillblom was the H in DHL and founder of the company. DHL started on a shoestring budget in with a business plan to deliver shipping documents by air courier to ports of call days before cargo ships arrived, so that vessels could be unloaded quickly upon arrival and be on their way. The company grew into an international air courier, making Hillblom a millionaire before he turned While not as famous in the United States as Federal Express, overseas DHL is so ubiquitous that its name is synonymous with nextdayair shipping in the same manner that the word Coke is used to mean soft drink. To avoid US income taxes, Hillblom moved from the San Francisco Bay area to Saipan, a tropical tax haven a thousand miles off the southeast coast of Japan. He became a Micronesian kingpin, launching dozens of businesses and financing land development projects in the Philippines, Hawaii, and Vietnam. He owned European castles and hotels, a Chinese jet, an airline called Continental Micronesia and, in addition to his mansion in Saipan, maintained residences in Manila, Hawaii, and Half Moon Bay. His hobbies included highend stereo equipment, boats, airplanes, fancy cars and, reportedly, illicit relationships with young Asian girls.
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