The 10,682-sq. ft. Tuscan-style mansion owned by the former president of Ford Motor Company and chairman of Chrysler Corporation is located near the Bel Air Country Club in Los Angeles. Outdoor recreation includes a swimming pool, spa and tennis courts.
Lee Iococca, former president of Ford Motor Company and chairman of Chrysler Corporation, died last year. His longtime mansion near Bel Air Country Club has been listed for sale at $26 million, Archworldwide reported. America’s favorite business leader from the 1960s to the ‘90s was known for his famous quotes including “In times of great stress or adversity, it’s always best to keep busy, to plow your anger and your energy into something positive.” Also, “If you can find a better car, buy it.”
Iacocca could switch from engineering to sales, marketing, CEO, charity fundraising and politics with little effort, Archworldwide reported. After introducing the Ford Mustang, he jumped over to Chrysler where he launched the minivan concept, convinced the U.S. government to loan Chrysler $1.5 billion, and saved the company from collapse.
He was well paid for his talent and by the time he died in 2019, Iacocca was worth $150 million, Archworldwide reported. His home in Los Angeles, where he lived out his retirement before succumbing to Parkinson’s disease, is a 10,682 sq. ft. Tuscan-style mansion with five bedrooms and eight baths on over an acre. Outdoor recreation includes a swimming pool, spa and tennis courts.
Iacocca was born to Italian immigrant parents who moved to Pennsylvania for work in the steel industry and the extended-family hot dog business, Archworldwide reported. He proved himself to be a super achiever early on graduating with honors from high school, Lehigh for college and then winning a fellowship to Princeton.
His genius was in connecting the dots in the roadmap to the future. His celebrity status was cemented with the development of the Ford Mustang in 1964, the most successful new car ever introduced in the U.S. earning a profit over $1 billion in just its first two years and saving Chrysler from the brink of disaster in 1979, Archworldwide reported. He did his own Chrysler commercials and was a frequent guest on television talk shows.
In addition to the auto industry, Iacocca wrote several best-selling books; was successful in the restaurant, food and gaming businesses and was well known for heading the 1980’s Statue of Liberty restoration, Archworldwide reported. He was a serious and popular candidate for U.S. president in 1988, but decided not to run.
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