Home #Hwoodtimes Lee Iacocca’s Mansion For Sale – He Saved Chrysler & Father of...

Lee Iacocca’s Mansion For Sale – He Saved Chrysler & Father of the Ford Mustang!

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Iacocca, the longtime president of Ford Motor Company and chairman of Chrysler Corporation, could switch from engineering to sales, marketing, CEO, charity fundraising and politics with little effort.  After introducing the Ford Mustang, Lee 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.  His beautiful home in Los Angeles, where he lived out his retirement before succumbing to Parkinson’s disease, is for sale at $29.9 million.

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Valerie Milano
2025 Palm Springs Pride Stonewall Art & Culture Award recipient, Valerie Milano is a Senior Editor and entertainment critic at The Hollywood Times, where she covers film, television, music, and the artists behind the stories. Her work has also appeared in Communications Daily, Discover Hollywood, Hollywood Today, Television International, and Video Age International. A passionate advocate for community and equality, Valerie is actively involved with Human Rights Campaign, DAP Health, The LGBTQ Community Center of the Desert, Lambda Legal, and The L-Fund. In recognition of her ongoing leadership, philanthropy, and dedication to empowering women and the LGBTQ+ community in the Coachella Valley and beyond, Valerie received The L-Fund’s prestigious Community Visionary Award. The honor celebrated her tireless work as a journalist, media advocate, event producer, and community connector who consistently uses her platform to spotlight charitable causes, arts and culture, and organizations making a difference. She is a proud member of the Los Angeles Press Club and a longtime supporter of Palm Springs cultural institutions including the Palm Springs Art Museum. She previously served as a board member and key organizer of the Television Critics Association Press Tours, helping bridge the entertainment industry and press for many years.