Lee Iacocca - Updated Jul 2024

Updated On June 3, 2024
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Lee Iacocca

Lee Iacocca is a businessman, entrepreneur, and engineer from the United States. Lee Iacocca is mainly remembered for his amazing works in rebounding the glory days of Chrysler Corporation and saving them from bankruptcy. He was also the former president of Ford Corporation.

Early Life and Education

Lee Iacocca was born on 15th October 1924, in Allentown, Pennsylvania, United States of America. His father’s name was Nicola Iacocca, and his mother was Antonietta Perotta.

His parents were Italian immigrants, while his father was a businessman and a theatre owner.

While he held an American nationality and practiced Christianity. Further, he belonged to a mixed ethnicity. According to astrology, he had as his zodiac sign.

Talking about his formal educational status, he completed his schooling at Allentown High School in his hometown. And, he also accomplished his higher studies at Princeton University.


Lee Iacocca is not with us today physically. He left his physical body on 2nd July 2019 at the age of 94. The cause of his death was reported to be a natural one. And, many relatives and fans paid tribute to him.

Lee Iacocca – Net Worth 2024

Lee Iacocca was living a comfortable life with his family. Thanks to the fame and fortune he had earned from his work. Moreover, his total net worth was about $150 million US dollars at the time of his death.

Personal Life

Moving on to the romantic and private life of Lee Iacocca, he married three times in his life. His first marriage was to Mary McCleary in 1956.

With her, he had three daughters. While he married Peggy Johnson in 1986 the marriage only lasted a year.

Further, he again got hitched to Darrien Earle in 1991. But, the couple divorced three years later. Apart from that, he has no affairs with any other person.

While he was straight regarding gender choices. , he did not have any kind of controversial events till today.

Lee Iacocca

Caption: Lee Iacocca and his partner (Source: Business Insider)

Career and Professional Life

Career-wise Lee was a businessman and was a  very successful one. He had many business ventures during his lifetime.

Initially, he joined Ford Motor Company in 1946 as an engineer after graduating from his formal education.

However, he later joined the Department of Sales and Marketing as per his interest. Following this path, he also worked as an assistant sales manager in the Philadelphia district in 1956.

He was a national hero for launching the 56 for 56 campaign. It mainly offered loans and down payment options on models of 1956-year cars.

Lee Iacocca

Caption: Lee Iacocca as president of Chrysler (Source: The New York Times)

Following his dedication, and commitment to work, he also became vice president of Ford’s car and truck group in 1960 and also became executive vice-president in 1967.

The success graph just rose higher and higher when also became the president of the Ford Corporation in 1970. But, after having a heated relationship with Henry Ford II, he was fired from the company in 1978.

After being fired from Ford, he joined Chrysler Corporation. At that time, the company was near bankruptcy. But as a president, he went on to change things for the company.

The main turnaround came when cars like Dodge Aries and Plymouth Reliant went on to hit the market successfully.

After taking Chrysler to prime again; he retired as the President, CEO, and Chairman of Chrysler. Accumulating his knowledge, and successful experience, he has written several books.

Some of his books are; Iacocca: An Autobiography, Talking Straight, Liberty for All, Where Have All the Leaders Gone? For his amazing work in this field, he was also awarded some awards.

Body Measurements

Lee was very good-looking and had an amazing personality. The businessman stood about 5 feet and 8 inches tall. While he weighed 65kg.

Moreover, talking about the overall body measurement, the number ranged to. The color of his eyes was brown, and he had grey-colored hair.

Lee Iacocca – Social Media

Lee was also present on social media. He has a Twitter account under the name @leeiacocca with around 1.08k followers.