As of early-2017, sources estimate a net worth that was at $50 million, mostly earned through success in the automotive industry. In 2023, John DeLorean's net worth was estimated to be $50 Million. [54], It was reported that following the entrapment controversy, DeLorean and his then-wife Cristina Ferrare became born-again Christians[55] and that this religious experience was to be covered in his autobiography. John DeLorean Salary Detail DeLorean's time at Chrysler lasted less than a year, ending in 1953 when he was offered a salary of US$14,000 (equivalent to US$133,784 in 2019) at Packard Motor Company under the supervision of the engineer Forest McFarland. A subsequent proposed merger with American Motors Corporation (AMC) never passed the discussion phase. Among DeLorean's most famous achievements at GM was the Pontiac GTO, which he helped conceptualize, engineer, and market. John Zachary DeLorean (January 6, 1925 - March 19, 2005) was an American engineer and executive in the U.S. automobile industry, most notably with General The couple divorced in 1985. John Zachary DeLorean, fdd 6 januari 1925 i Detroit, Michigan, dd 19 mars 2005 i Summit, New Jersey, [ 4] var en amerikansk ingenjr och chef inom den amerikanska bilindustrin och grundare av DeLorean Motor Company. If nothing succeeds in America like success, nothing dehumanizes an American "hero" of the moment like failure. His company collapsed in 1983, a year after he was arrested in Los Angeles and accused of conspiring to sell $24 million of cocaine. At 80 years old, John DeLorean height After his 1982 fall, DeLorean clung on to his $9m New York apartment until 1992 and kept his $4m, 434-acre New Jersey estate until March 2000. The title of "Framing John DeLorean" has two different meanings in this hybrid, mosaic-style story of the man who is now best remembered for the namesake car featured in " Back to the Future .". All net worths are calculated using data drawn from public sources. [24] He married Elizabeth Higgins on September 3, 1954; they divorced in 1969. We have estimated John DeLorean net worth and salary: John DeLorean is a Entrepreneur who has a net worth of $50 million. As his wife Cristina's career as a TV personality rose, DeLorean's business fortunes crashed. Coop and The Weather Man . "[27], DeLorean left General Motors in 1973 to form his own company, the DeLorean Motor Company. For 35 years Cristina Ferrare had good reason to bottle up her memories of John DeLorean. However, it had been rumored that he had been fired. During his tenure with Chevrolet he had oversight with the Chevrolet Vega subcompact where he assigned quality control inspectors until the Lordstown, OH assembly plant was taken over by GM (c. October 1971) where Chevrolet no longer operated the facility - GM corporate brass ended up cutting spending costs, laying off close to 1000 workers which resulted in the Vega tarnishing GM's reputation (from corrosion issues, reliability of the aluminum cylinder bores (which were unsleeved and consuming motor oil), overheating, and production speed (the Vega production increased when the work schedule has 73.5 automobiles produced within an hour where the United Auto Workers allegedly stated that workers sabotaged the cars on the assembly line including a March 1972 strike). He also briefly attended the Detroit College of Law but did not complete it and instead went to the Chrysler Institute, completing a masters degree in Automotive Engineering. He was ubiquitous in popular culture. [16] He received an honorable discharge in 1946, and returned to Detroit to find his mother and siblings in economic difficulty. He was an executive and engineer, best known for his work at General Motors. He then wed actress and model Kelly Harmon, whom he divorced in 1972. John DeLorean was best known for founding the DeLorean Motor Company, a venture that ended in scandal, bankruptcy and arrest. (To many of his critics, DeLorean would remain a salesman whose main product he pitched was himself. ) [citation needed], DeLorean was at Chrysler for less than a year. In 1964, got the bright idea to drop the Pontiac 389 cubic inch V-8 into the mid-size Tempest, thus was born the Pontiac G.T.O. DeLorean ran into more legal trouble in 1985, when he was indicted on charges of defrauding investors and committing tax evasion. Discover John DeLorean's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. His frequent public appearances helped to solidify his image as a "rebel" corporate businessman, with his trendy dress style and casual banter. It was powered by the "Douvrin" V6 engine developed by Peugeot, Renault, and Volvo (known as the PRV). His remains are buried at the White Chapel Cemetery in Troy, Michigan, where his tombstone bears a depiction of his DeLorean sports car with the doors open. John DeLorean had an estimated net worth of 50 million dollars. John DeLorean's net worth estimate is under review. [50][51][52] DeLorean moved to a condominium in Morristown, New Jersey where he lived until his death five years later. )The year following his departure from G. M. , DeLorean married his third wife, fashion model, cover girl and actress Cristina Ferrare, who was 25 years his junior. [57] His tombstone shows a depiction of his DeLorean sports car with the gull-wing doors open. In 2015, she settled one of these claims and then sued DMC Texas again in 2018, but that case was dismissed. The Rialto is a three-wheel vehicle that was introduced in 1982 and continued in production in various forms up until 1998. DeLorean's time at Chrysler lasted less than a year, ending in 1953 when he was offered a salary of US$14,000 (equivalent to US$133,784 in 2019) at Packard Motor Company under the supervision of the engineer Forest McFarland. Following this, she appeared in several films including Mary, J.W. The John Delorean's net worth and wealth figures posted above have been gathered from various credible online websites and sources, but there is a chance that the above figures, income or earnings statistics may not be 100% accurate. . The reasons behind the separation are unknown. John DeLorean's date of Birth January 6, 1925. The car and its popularity continued to grow in the following years. [28][29] The other was the New York Yankees of which he was one of fifteen investors led by George Steinbrenner and Michael Burke who completed the purchase from CBS for $10 million on January 3, 1973. Redesigns for the Corvette and Nova were also delayed, and unit sales had still not recovered from the past four years of turmoil, much of that because of the bad publicity surrounding the Corvair and well-publicized quality-control issues affecting other Chevy models, including defective motor mounts that led to an unprecedented recall of 6.7 million Chevrolets built between 1965 and 1969. . After four years with the company, he would succeed as head of research and development, but was then contacted by General Motors, offering him a job, so in 1956, John accepted a higher salary at General Motors Pontiac division and his net worth further rose up. He was acquitted of the charges, but continuing legal entanglements kept him on the sidelines of the automotive world, and he declared bankruptcy in 1999. He then formed the DeLorean Motor Company, and one of the first projects was the DMC-12, simply known as the DeLorean. "[41], On September 21, 1985, DeLorean was indicted on charges he defrauded investors and committed tax evasion by diverting millions of dollars raised for the company to himself. DeLorean designed the famous DMC-12 sports car that transported Marty McFly back to the future. Only about 9,000 DeLoreans were made. 20 John DeLorean Net Worth, Income, Salary, Earnings, Biography, How much money make? DeLorean was also a fan of European sport sedans where he encouraged Chevrolet engineers to upgrade suspensions, brakes, and steering systems to international standards while maintaining ride quality - during his tenure the second generation Camaro which debuted in February 1970, along with a chassis redesign with the 1971 Chevrolet B platform (Impala, Caprice), and refreshing the GM A-body platform for the 1973 model year became standouts - the latter of which was European-influenced (exterior styling had rounded edges as opposed to the coke bottle lines with past GM products; this trend continued with the final generation of the GM X platform (Chevrolet Nova and its corporate clones by the 1975 model year where the aging X platform received a front suspension upgrade from the second generation F car). He was the youngest division chief in General Motors history, then left to start the DeLorean Motor Company (DMC) in 1973. At a time when business executives were typically conservative, low-key individuals in three-piece suits, DeLorean wore long sideburns and unbuttoned shirts. Early Life and Education: John DeLorean was born in 1925 in Detroit, Michigan as the eldest of four sons. [27] He invited Ford president Lee Iacocca to serve as best man at his second wedding. DeLorean's dream of creating his own company finally became a reality when the British Labour Government of James Callaghan came up with nearly 100 million pounds in financing to build a factory in Northern Ireland to produce a DeLorean-designed futuristic sports-car, which would be known as "The De Lorean". His public image went from that of renegade and maverick, an automotive Ted Turner, someone who bucked the System, to pathetic loser. DeLorean was at Chrysler for less than a year. This led to assembly-line vandalism, with workers intentionally slowing the line, leaving off parts and installing others improperly. In response to the "pony car" market dominated by the Ford Mustang, DeLorean asked GM executives for permission to market a smaller version of the Pontiac Banshee show car for 1966. By 1984, he was cleared based on findings that he had been a victim of police entrapment. According to various sources, John DeLorean Net Worth is evaluated to be $50 Million. Automotive innovator who left General Motors to develop a radically futuristic sports car, the DeLorean DMC-12, remembered popularly as the car modified for time travel in the. Together, they had a daughter, Sheila, and lived in Morristown, New Jersey. [6] The FBI set him up with more than 59lb (27kg) of cocaine (worth about $6.5 million) in a hotel near Los Angeles International Airport after arriving from New York, with the FBI stating DeLorean was the "financier" to help the financially declining company in a scheme to sell 220lb (100kg), with an estimated value of $24 million. 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