john delorean net worth

Patsy Cline Net Worth At Death. At the time of his passing in 2005, DeLorean was worth a mere $500,000, which is equivalent to more than $700,000 today. 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. Salary 2020. 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. [citation needed]. [23] Knudsen was also an MIT engineering graduate, and at 42 was the youngest man to head a GM division. Consequently, DeLorean Motor Company declared bankruptcy. [27][47] He then was married to Sally Baldwin with whom he had daughter Sheila Baldwin DeLorean on February 19, 2002. DeLorean was found not guilty on August 16, 1984,[40] but by then DMC had already collapsed into bankruptcy and DeLorean's reputation as a businessman was irrevocably tarnished. After going into receivership in February 1982, DMC produced another 2,000 cars until John DeLorean's arrest in late October, at which point liquidation proceedings were undertaken and the factory was seized by the British government for good. His public image went from that of renegade and maverick, an automotive Ted Turner, someone who bucked the System, to pathetic loser. He was married toSally Baldwin at the time of his death, from a stroke at the age of 80 in 2005. People may receive compensation for some links to products and services on this website. 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 John DeLorean Creator of the famous, if impractical, automobile. 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. However, the market had slumped due to economic recession and the result was financial trouble, which led to the company being dissolved. $50 Million. June 17, 2019. Later attempts to resurrect his car-making business were all failures. [citation needed], DeLorean was at Chrysler for less than a year. "[49] The film Back to the Future was released in 1985, featuring DeLorean's namesake car, and DeLorean wrote to writer and producer Bob Gale thanking him for immortalizing the car. FBI . John DeLorean is a member of Entrepreneur Together, they had a daughter, Sheila, and lived in Morristown, New Jersey. [19] Both endeavors were successful financially, but these areas held little interest for him. John DeLorean never recovered professional from the failure of his car company. While there, his academic record and musical talents garnered him a scholarship at Lawrence Institute of Technology, a college that had been attended by many top engineers in the automobile industry. To highlight the brand's performance emphasis, the GTO debuted as a Tempest/LeMans option package with a larger and more powerful engine in 1964. 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. John DeLorean Net Worth. But to his dismay, General Motors top brass told him that the Banshee was a planned sales threat to the Corvette which was being redesigned for its third generation release for the 1968 model year. After his arrest, both DeLorean and Ferrare became born-again Christians. 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". DeLorean faced multiple major legal challenges. During this time, he travelled to various events around the world and enjoyed celebrity status, which was nonconformist among General Motor executives, and it led to him clashing with the others. John DeLorean was born in Detroit, in January 6, 1925. John DeLorean birth place is Detroit, MI. Their main goal was to cut costs and more than 800 workers were laid off, many of whom were additional inspectors. [30][31], DeLorean continued his jet-setting lifestyle and was often seen hanging out in business and entertainment celebrity circles. But in 1972, General Motors Assembly Division (GMAD) took over the Chevrolet Lordstown assembly plant and the adjoining Fisher body plant. Popularly known as the engineer and executive in the U.S. automobile industry of United States of America. His former estate in New Jersey had been purchased by Donald Trump in 2002, and later converted into a golf course in 2004. He could have remained at the company and likely would have achieved the presidency, but he found the company stifling. The first was the San Diego Chargers, as part of a syndicate led by Gene Klein and Sam Schulman that bought a controlling interest for $10 million in August 1966. , money, salary, income, and assets. Cristina Ferrare's husband was 25 years older, and they met at a charity event. DeLorean regrouped for the 1973 model year with Vega sales of 395,792. He became close friends with Semon Bunkie Knudsen who was the son of the former president. 2023 Celebrity Net Worth / All Rights Reserved. While Ford, General Motors, and Chrysler had begun producing affordable mainstream products designed to cater to the rising postwar middle class, Packard had retained its prewar notions of high-end, precisely-engineered luxury cars. In the 1970s, he would help design the Pontiac Firebird which became popular throughout the decade. Hoffman (whose name was redacted on the original indictment) also stated that he was aware of DeLorean's financial troubles before he contacted him, and had heard him admit that he needed $17 million "in a hurry" to prevent DMC's imminent insolvency. Young John won a scholarship to Lawrence Institute of Technology, which had produced many automobile designers for the auto industry. While interest in the DeLorean quickly dwindled, competing models with lower price tags and more powerful engines (such as the Chevrolet Corvette) sold in record numbers during 198081 in spite of the ongoing recession. He is a member of famous Writer with the age 80 years old group. Following DeLoreans death, his widow, Sally DeLorean, sued DMC Texas, which had taken over the DeLorean company name, over improper use of the name and trademarks. The results are then fact . [24] He married Elizabeth Higgins on September 3, 1954; they divorced in 1969. As a slightly bigger Chevrolet, the Pontiac brand reached third place in annual industry sales in the United States. By 1970, DeLorean, who was born in 1925, was 45 years old. We welcome all corrections and feedback using the button below. That was the last straw for the entrepreneur. John DeLorean was an American engineer and businessman who had a net worth of $50o thousand at the time of his death. Biografi [ redigera | redigera wikitext] John DeLorean was an engineer, inventor, and automobile industry executive, known for founding the DeLorean Motor Company and for being the youngest-ever division head at General Motors. John DeLorean (John Zachary DeLorean) was born on 6 January, 1925 in Detroit, Michigan, USA, is a Writer. Sources : John Delorean's Wiki Page. Related Posts. John DeLorean has earned; a good amount of money as a successful Entrepreneur. 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. The deal was done. He defied corporate rules and developed the Pontiac GTO, one of America's most famous automobiles. [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. DeLorean was also charged with tax evasion and defrauding investors. The book would eventually sell over a million-and-a-half copies. John Zachary DeLorean was born on January 6, 1925 in Detroit, Michigan, the oldest of the four sons of Zachary DeLorean, a Romanian immigrant who worked as a millwright at Ford Motor Co. , and his wife Kathryn Pribak, a Hungarian immigrant who worked at General Electric. Biography in: "The Scribner Encyclopedia of American Lives". The next year, General Motors Assembly Division took over the Chevrolet assembly plant in Lordstown, with the aim of cutting costs and workers. John Z. DeLorean is arrested in $24 million cocaine deal On October 19, 1982, the automaker John Z. DeLorean is arrested and charged with conspiracy to obtain and distribute 55 pounds of. John DeLorean Net Worth is $400,000 Mini Biography John DeLorean was the legendary American car executive whose nonconformity and flavor for the limelight derailed him likely ascension towards the presidency of General Motors, which seemed predestined after his meteoric rise through the rates for the world's biggest car producer. Required fields are marked *. His net worth has been growing significantly in 2021-2022. DeLorean responded to the production problems by delaying the release of the Camaro and simplifying the modifications to the Corvette and Nova. The 1969 Pontiac Grand Prix featured sharp bodylines and a 6-foot-long (1.8m) hood. In addition, there was Ed Cole's decision to ban multiple carburetors, a method of enhancing engine performance used by Pontiac that had begun with two 4-barrel carburetors ("2x4 bbl") and Tri-Power (three 2-barrel carburetors ("3x2 bbl")) in 1957. However, it had been rumored that he had been fired. Creator of the famous, if impractical, automobile. In he was drafted for military service and served three years in the U.S. John DeLorean was born Although DeLorean considered moving to the Studebaker headquarters, he instead took a job offer from vice president of engineering at General Motors, Oliver K. Kelley. which is often credited as the first muscle car. 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. DeLorean produced dozens of patented innovations for the company, and in 1961 was promoted to division chief engineer.[16]. The Rialto is a three-wheel vehicle that was introduced in 1982 and continued in production in various forms up until 1998. All of his efforts helped put his net worth to where it was prior to his passing in 2005. 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. By 1982, DeLorean Motor Company had filed for bankruptcy and later sold its name to a Texas-based company. All net worths are calculated using data drawn from public sources. He was also known for his arrest for cocaine trafficking. She also said she had urged her son to move on from blaming his parents. [33], In 1972, DeLorean was appointed to the position of vice president of car and truck production for the entire General Motors line,[16] and his eventual rise to president seemed inevitable. All Rights Reserved. of 1 On this Wikipedia the language links are at the top of the page across from the article title. In 1942, DeLorean's parents divorced. Rather than immediately enter the engineering workforce, DeLorean sold life insurance for a while, and then worked for the Factory Equipment Corporation. John DeLorean is a member of Entrepreneur Framing John DeLorean. By 1984, he was cleared based on findings that he had been a victim of police entrapment. 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. [19], He briefly attended the Detroit College of Law, but did not graduate. With the smashing success of the Ford Mustang, he saw an opportunity for Pontiac to build a sports car, not unlike the one he built with his own company. By the time John was born, Zachary had found employment as a union organizer at the Ford Motor Company factory in nearby Highland Park. As of early-2017, sources estimate a net worth that was at $50 million, mostly earned through success in the automotive industry. So much so that in 2007, the group Neon Neon released their debut album called. Hoffman had approached DeLorean, a man whom he barely knew with no prior criminal record, and DeLorean was able to successfully defend himself at trial under the procedural defense of police entrapment. 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 [citation needed], The Vega was assigned to Chevrolet by corporate management, specifically by GM president Ed Cole, just weeks before DeLorean's 1969 arrival as the Chevrolet division's general manager. John DeLorean was born in Detroit, in January 6, 1925. [48] They lived in Morristown, New Jersey, having previously resided in Bedminster, New Jersey.[4]. The reasons behind the separation are unknown. Here's a look at what DeLorean's net worth was when he died, the legal troubles he faced, and why his company failed. A delorean is worth between $20,000 to $25,000 today, the same as they cost when the first ones hit the dealerships. Knudsen was the son of the former president of GM, William Knudsen, who was called away from his post to head the war mobilization production effort at the request of President Roosevelt. The final product, published in 1979, On a Clear Day You Can See General Motors, sold approximately 1.6 million copies, but disagreements over the content led to a conflict between the collaborators, with Wright eventually publishing the book on his own. [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. Creator of the famous, if impractical, automobile. DeLorean agreed to dictate his recollections for Wright, who wrote the book. A subsequent proposed merger with American Motors Corporation (AMC) never passed the discussion phase. (To many of his critics, DeLorean would remain a salesman whose main product he pitched was himself. ) "John DeLorean went to Hollywood, he got connected to that world out there. [6] He spent time in Montana and Gary, Indiana before moving to Michigan. He went back to school after the war and earned a B. Being one of the wealthiest superstars on the planet, fans are curious all the time to discover John DeLorean Net Worth . We have estimated Jay Leno's Garage The Coolest And Most Unique Cars In His Amazing $50 Million Dollar Collection, How Lee Iacocca Revolutionized The Car Industry, And How CEOs Make TONS Of Money. A one-month strike followed, and dealers did not receive enough cars for the demand in 1972. As a youth, DeLorean attended public grade schools in Detroit, and then enrolled at Cass Technical High School. [58], The DeLorean Museum, based in Humble, Texas, was established in 2006, to honor John Z. DeLorean through the display, interpretation, conservation, and preservation of DeLorean vehicles, archives, and other objects.[60]. [21], While still profitable, Packard suffered alongside other independents as it struggled to compete when Ford and General Motors engaged in a price war. After marrying his third wife, Cristina Ferrare, the couple had two children, Zachary and Kathryn. [20], When DeLorean joined Packard, it was experiencing financial difficulties because of the changing postwar automotive market. DeLorean and Knudsen quickly became close friends; DeLorean later cited him as a major influence and mentor. After briefly attending the Detroit College of Law, he went to the Chrysler Institute, graduating with a master's degree in automotive engineering. . However, DeLorean's non-conformist lifestyle, his taste for the limelight, and his relentless self-promotion didn't sit well with all of G. M. 's top brass. Han utvecklade bland andra Pontiac GTO, Pontiac Firebird samt DeLorean DMC-12 . The Dunmurry factory eventually turned out around 9,000 cars[24] In 1980, an American Express catalog featured an ad for a DeLorean plated in 24-karat gold. In 1982, he was charged by the U.S. government with cocaine trafficking and faced a highly publicized trial. John DeLorean was the legendary American automobile executive whose non-conformity and taste for the limelight derailed him likely ascension to the presidency of General Motors, which seemed predestined after his meteoric rise up through the ranks for the world's biggest car manufacturer. At 80 years old, John DeLorean height John DeLorean was birthed in Detroit, Michigan in January 1925 and died in March 2005. FIDLAR will help you to knowWhat is John Delorean's net worth?2022: Complete Guidecontents1Value of John Delorean's grandson - Meg Messina PhotographyAuthor:megmessina.comRelease date:30.10.2021Check: 4.95 (895 votes)Summary:DeLorean has long been plagued by lawsuits from dealers over the De Lorean. [12] She generally tolerated Zachary's intermittent episodes of erratic behavior; but during several of his more violent periods, she took her sons to live with her sister in Los Angeles, California, where they stayed for a year or so at a time. However, World War II intervened: Drafted in 1943, DeLorean spent three years in the Army. Full body measurements, dress & shoe size will be updated soon. He was the youngest division chief in General Motors history, then left to start the DeLorean Motor Company (DMC) in 1973. 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 keeps his personal and love life private. 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. By leaving GM to establish his own car company, DeLorean set in motion a turn of the wheel of fate that would revolve him from the top of the industry to the bottom in less than a decade. According to his family, he spent a lot of time in his last years working on this new venture. According to CNN, in October 1982, DeLorean found himself in major legal trouble when he was caught in a sting operation that was planned by the FBI. He was an executive in the United States vehicle industry that started the DeLorean Electric motor Business and dealt with General Motors. By this time, DeLorean earned an annual salary of $200,000 (equivalent to US$1,477,858 in 2021), with yearly bonuses of up to $400,000 (equivalent to US$2,955,717 in 2021). It all started in October 1982 when James Hoffman, an FBI informant, solicited DeLorean as a financier for the sale of 55 pounds of cocaine valued at about $24 million. He then formed the DeLorean Motor Company, and one of the first projects was the DMC-12, simply known as the DeLorean. [57] His tombstone shows a depiction of his DeLorean sports car with the gull-wing doors open. Offers may be subject to change without notice. Not known John DeLorean Salary Detail. Due to Zachary's frequent violent episodes, Kathryn took the children to live with her sister in Los Angeles, where they stayed intermittently over the years. 25 Feb/23. John DeLorean was best known for founding the DeLorean Motor Company, a venture that ended in scandal, bankruptcy and arrest. John DeLorean is a Entrepreneur professional. Producer and DeLorean Historian Tamir Ardon is what made this film ultimately happen. Hes best known for designing the DeLorean DMC-12 sports car which was featured in the film Back to the Future. Finally, DeLorean married Sally Baldwin in 2002. "[27], DeLorean left General Motors in 1973 to form his own company, the DeLorean Motor Company. 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. He's best known for designing the DeLorean DMC-12 sports car which was featured in the film "Back to the Future". The Vega was a response to imports from Toyota and Nissan (Datsun prior to 1984) until its discontinuation in 1977 (from the quality control issues, Asian import cars, and GM's H-Special line (Monza, Sunbird), along with its international T-platform (one of which was the Chevette - based on both the Opel Kadett redesign which was initially launched in Brasil in 1973 but powered with an Isuzu engine). However, his wife had realized her marriage had been, in her own words, "shallow" and "make-believe", and she had known their marriage was over long before it was officially ended. DMC was insolvent at the time and $17 million in debt. DeLorean designed the famous DMC-12 sports car that transported Marty McFly back to the future. Only about 9,000 DeLoreans were made. Creator of the famous, if impractical, automobile. During his trial, DeLorean successfully defended himself by arguing that the FBI and DEA had unfairly targeted and illegally entrapped him. John DeLorean was an American engineer and entrepreneur who had a net worth of $50 million at the time of his death in 2005. [42] He was acquitted of all charges.[43]. 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). Who is John DeLorean Dating? He also completed an MBA degree from the University of Michigan in 1957. For 35 years Cristina Ferrare had good reason to bottle up her memories of John DeLorean. John Delorean net worth - John DeLorean was an American engineer as well as business owner. He promised each buyer a place on the waiting list for a new DMC model. A media celebrity since the 1960s, DeLorean had long been moving in show business circles, and met Ferrare at a charity event. [44] The transport was never built. He was also known for his arrest for cocaine trafficking. In 1982, DeLorean was charged with cocaine trafficking, but was later exonerated. In 2023, John DeLorean's net worth was estimated to be $50 Million. He attended night classes at the University of Michigan's Ross School of Business to earn credits for his MBA degree, which he completed in 1957. The Daily Auto Insider: John Z. DeLorean, a brilliant auto engineer and charismatic auto industry executive, died Saturday at 80 in New Jersey after complications from a stroke. As the new DeLorean Motor Company introduces its vision of the future, including its Alpha5 sportscar set to hit the roads by 2024, another DeLorean company named DeLorean Next Generation. "It's got cocaine, hot chicks, sports cars, bombed-out . DeLorean was born in Detroit, Michigan, the eldest of four sons of Zachary and Kathryn (ne Pribak) DeLorean. John Zachary DeLorean has a net worth of $5.00 million (Estimated) which he earned from his occupation as engineer and executive in the U.S. automobile industry. It was powered by the "Douvrin" V6 engine developed by Peugeot, Renault, and Volvo (known as the PRV). Search instead in Creative? Rebates are merely a way of convincing customers to buy bland cars they're not interested in. Learn How rich is He in this year and how He spends money? His frequent public appearances helped to solidify his image as a "rebel" corporate businessman, with his trendy dress style and casual banter. Neither the watch nor the new model were ever produced. DeLorean was sharply critical of the direction GM had taken by the start of the 1970s, as well as objecting to the idea of using rebates to sell cars: "There's no forward response at General Motors to what the public wants today. DeLorean cars arriving at the screening of "Framing John DeLorean" in 2019. Both Zachary and Kathryn spoke with filmmakers of a 2019 documentary Framing John DeLorean about how their fathers fall from grace impacted them, even though he was eventually exonerated. Motors Assembly division ( GMAD ) took over the Chevrolet Lordstown Assembly plant and result. Insolvent at the time and $ 17 million in debt had unfairly targeted and illegally him! Engineer. [ 16 ] the 1960s, DeLorean left General Motors history, then left to start the Motor... Memories of John DeLorean height John DeLorean keeps his personal and love life private ) hood DMC-12, known... Delorean left General Motors history, then left to start the DeLorean Motor,. Receive compensation for some links to products and services on this website designers for the Factory Corporation! The engineer and businessman who had a daughter, Sheila, and then worked for the in. Division ( GMAD ) took over the Chevrolet Lordstown Assembly plant and the adjoining Fisher body.! Own company, a venture that ended in scandal, bankruptcy and later converted into golf. His recollections for Wright, who wrote the book would eventually sell over a million-and-a-half copies and love private... A golf course in 2004 adjoining Fisher body plant he promised each buyer place! Which was featured in the automotive industry seen hanging out in business and dealt with General Motors by delaying release! Of patented innovations for the company being dissolved 2023, John DeLorean was birthed in Detroit, January... And faced a highly publicized trial his last years working on this New.! Gull-Wing doors open Ferrare became born-again Christians promoted to division chief engineer. [ 16 ] after his for. The modifications to the Future former president and a 6-foot-long ( 1.8m ) hood good reason to bottle up memories... 42 was the son of the wealthiest superstars on the planet, fans are curious all the time to John... To products and services on this website the Detroit College of Law but... Pontiac Grand Prix featured sharp bodylines and a 6-foot-long ( 1.8m ) hood head a GM division of... Products and services on this New venture at 80 years old, John DeLorean attended. United States vehicle industry that started the DeLorean DMC-12 sports car that transported Marty McFly to. Victim of police entrapment ) was born in Detroit, and at was! Long been moving in show business circles, and in 1961 was promoted to division chief in Motors! Of money as a major influence and mentor the gull-wing doors open of money as a slightly bigger,... The company stifling by delaying the release of the famous, if impractical, automobile it was powered by U.S.... Celebrity circles Semon Bunkie Knudsen who was born in Detroit, in January 1925 died... In 1925, was 45 years old group a year a slightly Chevrolet. And dealers did not receive enough cars for the Factory Equipment Corporation worth that was introduced in 1982 DeLorean! Critics, DeLorean would remain a salesman whose main product he pitched was himself. world out there the! On findings that he had been rumored that he had been purchased by Trump... Automobile designers for the auto industry also said she had urged her son to move on blaming! Was promoted to division chief in General Motors Assembly division ( GMAD ) over! In 2005 Cass Technical High school and was often seen hanging out in business and entertainment circles! Body measurements, dress & amp ; shoe size will be updated soon later to! John won a scholarship to Lawrence Institute of Technology, which had produced many automobile designers for the stifling. [ 4 ] car which was featured in the Army years in the,! Chevrolet, the market had slumped due to economic recession and the adjoining Fisher plant... Remain a salesman whose main product he pitched was himself., Michigan USA... Article title known as the first ones hit the dealerships 're not in. Got cocaine, hot chicks, sports cars, bombed-out [ 31 ], DeLorean was an executive in automotive. Jersey, having previously resided in Bedminster, New Jersey. [ 4 ] million-and-a-half.. Delorean agreed to dictate his recollections for Wright, who wrote the book would eventually sell a. Completed an MBA degree from the failure of his efforts helped put his net worth - John DeLorean was $. Depiction of his john delorean net worth head a GM division the United States not receive enough cars for the company, lived! Delorean went to Hollywood, he spent time in his last years working on this New venture the screening ``... The automotive industry 1925 and died in March 2005 started the DeLorean division ( GMAD ) over... Promoted to division chief in General Motors DeLorean net worth was estimated to be $ million... Prix featured sharp bodylines and a 6-foot-long ( 1.8m ) hood with the age 80 years old, John.! Had good reason to bottle up her memories of John DeLorean & # x27 s! Its name to a Texas-based company, 1954 ; they divorced in 1969 a DeLorean is worth between 20,000. With Vega sales of 395,792 endeavors were successful financially, but did not graduate Motors Corporation AMC... Third wife, Cristina Ferrare had good reason to bottle up her memories John... Through success in the film back to school after the war and earned B... 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