The 70-year-old has been married twice, first to the auto executive, John DeLorean in 1973, but divorced him in 1985, though she bore him a daughter Kathryn. However, many other executives didnt like that possibility, and the continued clash led to him resigning the following year. Discover John DeLorean's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. But while his final creation took flight in Back to the Future, in real life it crumpled amid scandal. DeLorean cars arriving at the screening of "Framing John DeLorean" in 2019. From Chrysler, he moved on to Packard, but the imminent failure of the once-prestigious car maker lead him to accept a job offer at G. M. , where he made his fortune. He was also known for his arrest for cocaine trafficking. [8][6][9][10][11] She was employed at the Carboloy Products Division of General Electric throughout much of DeLorean's early life. The estimated net worth of John DeLorean: $50 Million dollars. All of his achievements ensured the position of his wealth. Today, his children continue to be torn about their father's checkered legacy. [17], Instead of immediately entering the engineering workforce, DeLorean sold life insurance. Net Worth: $500 Thousand; Nationality: United States of America: Who is John DeLorean's wife? John died in March 2005. John DeLorean was born in January 6, 1925. 21 john delorean son net worth; 1 John delorean net worth - Meg Messina Photography. His mother told Vanity Fair that she was heartbroken to see the state her son was living in and know that he refused help from the rest of his family. [13][14], After attending Detroit's public schools, DeLorean was accepted into Cass Technical High School, a technical high school for Detroit honor students, where he signed up for the electrical curriculum. Although it's impossible to tell you the precise amount John DeLorean makes or has, we can make an evaluation by using publicly declared . Search instead in Creative? Seen as the golden boy of Pontiac, he was promoted to head the entire Pontiac division in 1965. In the 1970s, he would help design the Pontiac Firebird which became popular throughout the decade. [21], While still profitable, Packard suffered alongside other independents as it struggled to compete when Ford and General Motors engaged in a price war. DeLorean passed away in 2005 at the age of 80. Ferrare, that same year, married entertainment industry executive Tony Thomopoulos, whom she has been married to for 22 years and has been the stepfather to her two children by DeLorean. His frequent public appearances helped to solidify his image as a "rebel" corporate businessman, with his trendy dress style and casual banter. [27][47] He then was married to Sally Baldwin with whom he had daughter Sheila Baldwin DeLorean on February 19, 2002. Not known John DeLorean Salary Detail. 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. She took work wherever she could to supplement the family's income. (That's about $38,000 in 2022.) He and Sally stayed married until his death in 2005. Reworking The Past. 12 Zachary Delorean Photos and Premium High Res Pictures - Getty Images All Browse 12 zachary delorean stock photos and images available, or start a new search to explore more stock photos and images. [citation needed], DeLorean was a limited partner in a pair of American professional sports franchises. He is a member of famous Writer with the age 80 years old group. John DeLorean net worth: John DeLorean was an American engineer and businessman who had a net worth of $50o thousand at the time of his death. He would become the youngest division head at GM, however, conflicts with other division heads led to changes with the design of future Pontiac models. It was powered by the "Douvrin" V6 engine developed by Peugeot, Renault, and Volvo (known as the PRV). Prior to founding his own car company John had an extremely successful career at General Motors. In 2015, she settled one of these claims and then sued DMC Texas again in 2018, but that case was dismissed. In the early 80s he was charged with drug trafficking after an FBI sting operation, but was found not guilty. In 1999, DeLorean declared personal bankruptcy after fighting some 40 legal cases following the collapse of DeLorean Motor Company. Their focus was on the new Camaro design. In 1999, he filed for bankruptcy and, increasingly desperate for money, he launched a DeLorean watch, retailing at $3,500, and promoted it on the internet. A one-month strike followed, and dealers did not receive enough cars for the demand in 1972. DeLorean's lawyers successfully argued that the FBI and DEA had unfairly targeted and illegally entrapped DeLorean[39] when they allowed Hoffman (an active FBI informant who only knew DeLorean casually) to solicit DeLorean into a criminal conspiracy simply because he was known to be financially vulnerable. At General Motors DeLorean was responsible for designing iconic vehicles such as the Pontiac GTO muscle car, the Chevrolet Vega, the Pontiac Firebird, and the Pontiac Grand Prix. The Pontiac concept vehicle released in 1964 was the XP-833 (retronymed as the Banshee I) which had styling cues similar in shape to the third generation Chevrolet Corvette (C3) with the exception of the rear taillights, later shared with the second generation Pontiac Firebird. DeLorean was widely known at Pontiac for the Pontiac GTO (Gran Turismo Omologato), a muscle car named after the Ferrari 250 GTO. But their love marriage did not last long as once the happy couple split apart on June 3, 1972, due to some misunderstandings. 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. [30][31], DeLorean continued his jet-setting lifestyle and was often seen hanging out in business and entertainment celebrity circles. All of his efforts helped put his net worth to where it was prior to his passing in 2005. Even as General Motors experienced revenue declines, Pontiac remained highly profitable under DeLorean, and despite his growing reputation as a corporate maverick, on February 15, 1969, he was again promoted. [56], DeLorean died at Overlook Hospital in Summit, New Jersey, from a stroke, on March 19, 2005, at the age of 80. Cristina Ferrarem. He was indeed a pioneer in the American automobile business. 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 Motors, and founder of the DeLorean Motor Company.He was best known for developing the Pontiac GTO muscle car, the Pontiac Firebird, Pontiac Grand Prix, Chevrolet Vega, and the DeLorean DMC-12 He could have remained at the company and likely would have achieved the presidency, but he found the company stifling. "[32] By DeLorean's orders, dozens of extra inspectors were assigned to the Vega assembly line and the first two thousand cars were road-tested. [23], In 1956, DeLorean accepted a salary offer of $16,000 (equivalent to US$159,471 in 2021) with a bonus program, choosing to work at GM's Pontiac division as an assistant to chief engineer Pete Estes and general manager Semon "Bunkie" Knudsen. Credited with creating the first "muscle car", the Pontiac G. T. O. , DeLorean at 40 became the youngest divisional head in G. M. His parents divorced in 1942 due to his father's alcoholism and propensity for violence. Here's a look at what DeLorean's net worth was when he died, the legal troubles he faced, and why his company failed. He defied corporate rules and developed the Pontiac GTO, one of America's most famous automobiles. [citation needed], DeLorean was at Chrysler for less than a year. [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. John DeLorean is Entrepreneur. A two-seat sports car prototype was shown in the mid-1970s called the DeLorean Safety Vehicle (DSV), with its bodyshell designed by Italdesign's Giorgetto Giugiaro. Ultimately, he was acquitted of all charges. [47] They had daughter Kathryn Ann, born November 15, 1977; they divorced in 1985. According to his family, he spent a lot of time in his last years working on this new venture. [34], Production delays meant the DeLorean did not reach the consumer market until January 1981[35] (nearly a decade after the company was founded), and in the interim, the new car market had slumped considerably due to the 1980 US economic recession. He became friends with James T. Aubrey, president of Metro-Goldwyn-Mayer Studios, and was introduced to celebrities such as financier Kirk Kerkorian, Chris-Craft chairman Herb Siegel, entertainer Sammy Davis Jr., and The Tonight Show host Johnny Carson. John DeLorean birth place is Detroit, MI. [57] His tombstone shows a depiction of his DeLorean sports car with the gull-wing doors open. Packard Motor Company: Following a stint at Chrysler that lasted less than a year, DeLorean joined Packard Motor Company in 1953. After a year, the DeLorean had failed to recover its $175 million investment costs, unsold cars accumulated, and the company was in financial trouble.[3]. In 1973, the actress married John DeLorean, formerly of General Motors (GM). John DeLorean Net Worth $500 Thousand Info Category: Richest Business Executives Net Worth: $500 Thousand Date of Birth: Jan 6, 1925 - Mar 19, 2005 (80 years old) Place of Birth: Detroit. For his personal life, it is known that DeLorean was married four times, firstly to Elizabeth Higgins from 1954 to 1969, then to Kelly Harmon from 1969 to 72. The following year, DeLorean wed Cristina Ferrare; they adopted a son, Zachary, and had a daughter, Kathryn Ann. Sales were sagging by this time, however, but the 1969 model would have its own distinct body shell with drivetrain and chassis components from the intermediate-sized Pontiac A-body (Tempest, LeMans, GTO). Cristina Ferrare was . Submit a correction suggestion and help us fix it! By the time John was born, Zachary had found employment as a union organizer at the Ford Motor Company factory in nearby Highland Park. 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