James, who famously cheated on ex-wife Sandra Bullock, will wed for the fourth time. DeJoria is the daughter of haircare mogul John Paul DeJoria. According to her website, Alexis is currently the second woman to win a race in the Top Alcohol Funny Car category.
This is Jesse's fifth engagement, according to HollyScoop.com. He was mostly recently engaged to tattoo artist and reality star Kat Von D, who recently broke up with DJ Deadmau5.
Jesse currently stars in "Jesse James: Outlaw Garage," which airs on the Discovery Channel.