Before serving in government, Issa was a businessman. He made his fortune manufacturing car alarms and theft deterrent systems. Issa was CEO of Directed Electronics, a Vista California based company that he co-founded in 1982. It is currently one of the largest makers of automobile aftermarket security and convenience products in the US. Issa is a multimillionaire with a net worth estimated at about $355 million.
According to Issa, he and his second wife moved back to the Cleveland area after he was released from the military and pooled their savings, sold their cars and borrowed $50,000 from family members to invest in Quantum Enterprises, an electronics manufacturer run by a friend from Cleveland Heights. One of the clients, Steal Stopper, would clear the path to Issa’s fortune. Issa is widely acknowledged to be a self made millionaire because of his rags to riches story.
Issa assumed Steal Stopper and turned it around, to the point of supplying Ford with thousands of car alarms and negotiated a similar deal with Toyota. As car theft grew and grew, so did Steal Stopper. Eventually Issa sold the company to a California-based maker of home alarms and moved to Vista, CA where he has lived ever since. Over time he has built other multi million dollar organizations, mostly in the electronics industry.
Darrell Edward Issa was born on November 1 1953. He is the Republican US Representative for California’s 49th Congressional District, serving since 2001. The district covers the northern coastal areas of San Diego Country. This includes cities such as Oceanside, Vista, Carlsbad and Encinitas. It also contains a small portion of southern Orange County. Since January 2011, he has served as Chairman of the House Oversight and Government Reform Committee.