Businesspersons
Lee Iacocca Net Worth
Lido Anthony Iacocca's Net Worth as of 2024
$100 Million
Lido Anthony Iacocca salary 2024
$1
Lido Anthony “Lee” Iacocca is an automobile executive born on 15th of October 1924 in Allenton, Pennsylvania USA, who is probably best known for leading the design of Ford Mustang and Pinto cars during the 1960s, and later for reviving the Chrysler Corporation as its CEO during the 1980s.
Have you ever wondered how rich Lee Iacocca is? According to sources it has been estimated that Lee Iacocca’s overall net worth is $100 million, as of mid-2016. Iacocca accumulated his wealth primarily as the Ford company president, and later as the CEO and chairman of the Chrysler Corporation. He is one of the most successful businessmen in the automobile industry, a title which his net worth proves.
Lee Iacocca Net Worth $100 Million
Lee was born to Italian immigrants, and due to health problems caused by rheumatic fever during his childhood, he was unfit for military service in World War II, so during the war he attended Lehigh University as an undergraduate and later received a master’s degree in engineering from Princeton University. His degree helped earn him a job at the Ford Motor Company in 1946, where he started by excelling in engineering, and later transferred to work in product development. Iacocca managed to advance in the company, eventually becoming the vice-president and general manager of the Ford division by 1960. One of his most significant achievements was bringing Mustang to the market in 1964. Lee became Ford’s president in 1970, but due to disagreements with Henry Ford II, the chairman of the company, he was fired eight years later in 1978. Regardless, he had established a solid base to his net worth.
A few months later, due to his experience, Iacocca was hired to head the Chrysler Corporation, which was in danger of bankruptcy at the time. It was under his leadership that Chrysler received $1.5 billion in federal loan guarantees which, at the time, was the largest amount of government assistance ever to be received by a private company. Lee added the popular minivan to the Chrysler vehicle lineup, while serving as a spokesman in television ads which skillfully promoted the company. By 1981, the Chrysler Company had edged into profitability, and repaid its loans two years later. Thanks to Iacocca’s tenure, Chrysler made more than $2.4 billion in 1984, which was a record for the corporation. His success in reviving Chrysler made him a national celebrity, and even president Ronald Reagan asked him to help co-ordinate fund-raising for the renovation of the Statue of Liberty.
Lee retired from Chrysler in 1992, and was then able to devote himself to The Iacocca Foundation which supports diabetes research, established following his first wife’s suffering and death from the disease.
He again appeared in Chrysler’s ads in 2005 with Jason Alexander and Snoop Dogg, sending the profit he earned to his foundation. Lee is still a supporter of the US car industry, although his frustration with public and private leadership led to him writing the book called “Where Have All the Leaders Gone?” in 2007. Two other books that he previously wrote, his autobiography “Iacocca”(1984) and “Talking Straght”(1988) both became best-sellers, adding to his net worth.
When it comes to his private life, Iacocca lost his first wife, Mary in 1983, and has married twice since then, to Peggy Johnson (1986-87) and Darrien Earle (1991-94). He has two daughters from his first marriage.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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