The renowned Republican US representative, Darrell Edward Issa, was born on November 1, 1953. The Republican served in office for the period of January 3, 2011, to January 3, 2015. Apart from his political career, Darrell Issa was also the CEO of one of the largest automobile products, Directed Electronics which he co-founded with his second wife, Kathy Stanton, in the year 1982. Keep reading to know more about Darrell Issa’s net worth in 2018.
Darrell Issa was born to parents, Martha nee Bielfelt and William Issa, and was the second of the six children of the family. Darrell enlisted in the Army for three years, after dropping out of high school at the age of 17, where he was a part of the Explosive Ordnance Disposal squad assigned to the 145th Ordnance Detachment.
Following his discharge from the Army in 1972, Darrell studied at the Siena Heights University, Michigan, and further went on to study at the Kent State University at Stark. Darrell rejoined the Army reserve as the second lieutenant and was promoted to the rank of captain. Having served with an exceptional record, Darrell took his final discharge from the Army in 1980.
Career, Awards & Achievement
Having taken discharge from the Army, Darrel and his second wife, Kathy, moved to Cleveland and went on to invest in a local electronics manufacturing firm, Quantum Enterprises. It was through this firm that he overtook the struggling car alarm manufacturing company, Steal Stopper, and turned it into an overly successful company with major clients like Ford and Toyota. Later in 1980, companies like Rolls Royce and BMW also became their clients.
In the fall of 1985, Darrell sold the company and moved to the suburbs of San Diego where he would start his next project, Directed Electronics. Using all his knowledge about automotive security, Darrell developed a high-security device which would create a loud noise whenever pressure or motion was detected on the body of the vehicle.
Sales grew immensely with time and deemed the company one of the major manufacturers of automobile security product in the country.
Issa’s political career commenced in the year 1998, where he contested the elections with the Republican Party for United States Senate against Democrat Barbara Boxer, which he ended up losing 45% to 40%. Darrell ran for the nine-term Republican US Congressman, Ron Packard’s seat, and won in California’s 48th congressional district in 2000 which was primarily based in San Diego County.
Issa won the re-election in 2002 against Libertarian Karl Dietrich after his district was renumbered as the 49th District. In 2004 and 2006, Darrell continued his winning streak for the third and fourth term defeating write-in candidate Mike Byron and Democrat Jeeni Criscenzo respectively. 2008 saw Issa winning the re-election for his fifth term by the second smallest margin of his career, and went on to win the re-election in 2010 as well.
Darrell won the re-election of 2012 for his seventh term which would go down as the toughest election in his political career recording the smallest margin (16 points) win of his career.
In the November election of 2014, Darrell Issa went on to be elected to an eighth term after advancing to the general elections. 2016 was the year that saw Issa cross paths with the then President of the United States, Barack Obama, in a rather unpleasant form of the exchange of statements.
Darrell accused the President of working corruptly, with which Obama called Issa’s contributions to the US Congress an obstruction and waste of taxpayer dollars on unnecessary investigations. Issa was declared the winner in the November elections of 2016 with a small unknown lead.
Net Worth of Darrell Issa
The US Republican representative, Darrell Issa, is believed to be the richest member of Congress, with an estimated minimum net worth of $285 Million which is an estimated $150 Million more than the second richest lawmaker of the office.
According to accounting reports, almost 95% of Issa’s wealth is from investments in multiple high-yield bond accounts potentially worth more than $50 Million each and others worth somewhere between $25 Million and $50 Million.
One of the most popular US Republican Representatives, the 63-year-old Darrell Issa is believed to be one of the boldest and influential politicians. Making his way through the Army, Directed Electronics, to being a Congressman, Issa’s story is both inspiring and a pure case of determination.