John Staluppi was born on 1947, in Brooklyn, New York City USA, and is an entrepreneur probably best known for investing in and helping start the company Honda, now part of the Atlantic Automotive Group. He also created the Car of Dreams Museum and owns Millennium Yachts. All his endeavors have helped put his net worth to where it is today.
How rich is John Staluppi? As of mid-2016, sources inform us of a net worth that is at $400 million, mostly earned through the success of his various businesses and investments. The shops that Staluppi owns are located in more than 20 locations, and the Atlantic Automotive Group is considered one of the top dealerships in the country. The company generates annual revenue of around $2 billion. As the businesses flourish, his wealth also continues to rise.
John Staluppi Net Worth $400 Million
John started off working as a mechanic when he was 16 years old, becoming familiar with cars such as Chevrolets. With the help of his father, they took a loan and opened his first Sunoco gas station. After purchasing the station, John would start profiting and soon he would expand and own several more gas stations. While he was earning a lot of money from the businesses, he then found a small company named Honda and decided to invest in it. He opened his own Honda motorcycle shop, and soon expanded to other locations. Honda would become a part of the Atlantic Auto Group of which Staluppi is now the president. The Group has expanded their reach to include brands such as Oldsmobile and Hyundai.
Staluppi would use the profits he acquired to create Millenium Yachts which focuses on manufacturing luxury yachts. One of his first purchases was a sport fishing boat that cost around $13 million, a sign of his very high net worth. The yacht company has since had a very good customer base, and has received good reviews because of Johns’ attention to detail. He also started the Car of Dreams Museum located in Florida, which showcases cars from the 1950s; his offices are located at the same place as the museum in North Palm Beach, Florida. Along with the displays of classic cars he’s collected, the museum is also known to open only three to four times a year, mainly for charity events held by large organizations. Eventually the museum was sold, though financial details about it are unknown.
For his personal life it is known that he is married to Jeanette. According to an interview, his passion for boats started when he was young, working as a lifeguard and seeing various boats in the ocean. This was around the same time he was working as a mechanic. He was in an accident during a powerboat racing event where he got stuck in the middle of the ocean for around 20 minutes before rescue came. A lot of the boats he owns are also named after James Bond movies, having admitted to being a big James Bond fan.
