ST. LOUIS (AP) - Jack Taylor, who started a leasing company with seven cars and built it into Enterprise Rent-A-Car, has died. He was 94.

Enterprise said in a statement Taylor died Saturday in St. Louis after a brief illness.

In 1957, Taylor founded Executive Leasing at a Cadillac dealership in St. Louis where he was a salesman. He rented cars to customers whose own vehicles were in the shop.

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Eventually the business grew into Enterprise, which differed from competitors by allowing people to pick up and drop off cars away from airports.

Forbes magazine estimates Taylor's wealth at $5.3 billion and puts him 248th on its list of the richest people.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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