Lee Iacocca Net Worth is$100 Million
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Profession: Businessperson
Date of Birth: 1924-10-15
Nicknames: Lido Anthony Iacocca
Ethnicity: Italian American
Country: Allentown
Lee Iacocca net worth: Lee Iacocca is an American businessman who has a net worth of $100 million dollars. Lee Iacocca was born in Allentown, Pennsylvania, and went on to graduate from LeHigh University with a degree in Industrial Engineering. From there, he went on to earn a degree from Princeton University as a Wallace Memorial Fellow. He began his professional career as an engineer at Ford, but ultimately found his calling in the sales department. He rose through the ranks relatively quickly at Ford. He was hired in 1946, and by 1960 he'd become the Vice President and General Manager of the Ford Division. In 1965, he became Vice President of the Car and Truck Group. In 1967, he was named Executive Vice President. Three years later, he became President of Ford. During his years with Ford, the company experienced massive growth, and he was part of the development of such popular Ford cars as the Ford Mustang, the Ford Escort, and the Lincoln Continental Mark III. He was also responsible for the Ford Pinto, unfortunately, which had a severe design flaw. He clashed with Henry Ford II and was eventually fired in 1978. He took over at Chrysler, which was struggling severely, and turned the company around completely. Lee Iacocca was also famous for being one of the first CEOs to take just $1 a year in salary in exchange for a higher equity compensation. In 1986, his salary was $1 but his total compensation was $20.6 million He retired in 1992. He has since focused on writing, philanthropy, and politics.
Lido Anthony "Lee" Iacocca (/??a??.????ko??k??/ EYE-??-KOH-k??; born October 15, 1924) is an American businessman known for engineering the Ford Mustang and Ford Pinto cars, being let go from Ford Motor Company, and his revival of the Chrysler Corporation in the 1980s. He served as President and CEO of Chrysler from 1978 and additionally as chairman from 1979, until his retirement at the end of 1992.
Iacocca was a passionate advocate of U.S. business exports during the 1980s. He is the author (or co-author) of several books, including Iacocca: An Autobiography (with William Novak), and Where Have All the Leaders Gone?
Portfolio named Iacocca the 18th-greatest American CEO of all time.

Iacocca was born in Allentown, Pennsylvania to Nicola Iacocca and Antonietta Perrotta, Italian immigrants (from San Marco dei Cavoti, Benevento) who had settled in Pennsylvania's steel-making belt. They operated a restaurant, Yocco's Hot Dogs. He was said to have been christened with the unusual name "Lido" because he was conceived during his parents' honeymoon in the Lido district in Venice, however, he refutes this rumor in his autobiography, saying that is romantic but not true: his father went to Lido long before his marriage and was traveling with his future wife's brother.
Iacocca graduated from Allentown High School (now known as William Allen High School) in 1942, and Lehigh University in neighboring Bethlehem, Pennsylvania, with a degree in industrial engineering. He is a member of Tau Beta Pi, the engineering honor society, and an alumnus of Theta Chi Fraternity.
After graduating from Lehigh, he won the Wallace Memorial Fellowship and went to Princeton University, where he took his electives in politics and plastics. He then began a career at the Ford Motor Company as an engineer. Eventually dissatisfied with that job, he switched career paths at Ford, entering the company's sales force. He was very successful in sales, and he moved up through the ranks

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Lee Iacocca Latest News

Driving Shelby American’s Original Venice Crew (OVC) 1965 SHELBY G.T.350 COMPETITION

Back in the day, the late great Carroll Shelby often summarized one particular meeting with Ford President Lee Iacocca as “So, Lee, you want me to make a race horse (the G.T. 350) out of a mule (the standard Mustang GT)?” Mr. Iacocca agreed that was ...
Posted: May 14, 2018, 1:11 pm

Lee Iacocca’s 1991 Ferrari F40 Up for Auction

With radical styling, state-of-the-art technologies, go-kart reflexes and a howling exhaust note, the F40 is a genuine investment-quality supercar. Conceived in 1986 and introduced in 1987, the F40 was built to commemorate Ferrari's 40th anniversary and ...
Posted: January 12, 2018, 3:21 am

Lee Iacocca

This has not been a vintage year for me, for Chrysler, for the industry or for the country. And it may get worse before it gets better. But it certainly has been exciting!” Such an ambivalent assessment could come from no other businessman than Lido ...
Posted: December 13, 2017, 9:30 am
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