Pablo Escobar's Net Worth: The Drug Lord Could Have Been The Richest In his book, Roberto also explains that millions of dollars would go toward Pablo Escobars Robin Hood image. Pablo is reported to have had multiple affairs throughout the marriage. Apparently, the Medellin cartel would spend $2,500 on rubber bands alone to hold his money together. Crime lords don't get much more famous, or infamous, than Chicago's own Al Capone. Born as Pablo Emilio Escobar Gaviria, Pablo Escobar was probably one of the extremely rich criminals in the world in his time. Maria Victoria Henao: Career, Pablo Escobar & Net Worth Contents1 Who is the richest [] VideoThe world's most endangered jobs. . Seeing that he was successful the first time, he started applying the same tactics of either bribing his way out or killing to deal with the authorities. Eius nesciunt voluptatibus id omnis dicta saepe. How Much Did Pablo Escobar Make In His Career | Bd Jobs Today Carrying the daunting weight of massive prices upon their heads, some of the drug lords, including Escobar, tried repeatedly to cut deals with the Colombian government, dating back as far as 1984. "By some estimates, Pablo Escobar enjoyed an ROI of as much as 20,000%. The people on this list make Tony Montana look like Tony the Tiger. Anyways whatever the number is anyone that is interested in the subject should check out this pretty cool flick "Cocaine Cowboys" covering the coke/drug trade in Miami durring its heydays. In 1989 Forbes declared him as the 7th richest person in the world with a "book value" net worth of $9 billion dollars. "The King of Cocaine," Escobar, the wealthiest criminal in . Escobar was mentioned as the 7th richest person in the world by Forbes in 1989. This was a really successful business, and Pablos life was flourishing. However,only two were privy to his money during his life and after he died: Roberto Escobar and Alba Marina Escobar. Just search Pablo Escobar on wiki and look through the citations, The 2nd citation says $25 billion, but it brings you to this site:http://www.worldfinancialblog.com/entertainment/the-5-richest-criminals. Many Colombians adore the convicted underworld boss Escobar despite his many crimes. So let's hear estimates from finance experts. At one point, shipments to the USA were supposedly up to 11 tons of cocaine in one aircraft, and his Medellin cartel actually controlled an estimated 80% of the world cocaine market. Feedback or questions? 3. In 1991, when he surrendered to the Colombian government, Escobar was kept in La Catedral that was transformed into a private lavish prison. Modi sint voluptatum minima adipisci. [1] [2] Pablo Escobar Net Worth | TheRichest Everyone has a price, the important thing is to find out what it is. 33 Pablo Escobar Insane Facts: Net Worth, Car Collection - thevibely People who worked for Pablo but didnt move overto Cali might have also taken a large chunk of category two assets. In the mid-1980s, Escobar's cartel brought in an estimated $420 million a week, which totals almost $22 billion a year. He's been designated a "global terrorist" by the governments of both the United States and India since 2003, with a bounty of $25 million on his head. Escobar was one of the most powerful men in the world, and Forbes magazine listed him as the seventh richest. Your email address will not be published. This was a very popular debate on the CelebrityNetWorth Facebook page so we took it upon ourselves to settle it once and for all with the following list. In the early 1980s, Pablo paid Panamanian leader/General Manuel Noriega an estimated $350 million to stash billions of dollars in the country's banks. It was actually a mistake by his son which led to his being located, and resulted in his death. In collaboration with Carlos Lehder, Escobar developed Normans Cay in the Bahamas as a trans-shipment point. Escobar's reign came to an end in 1993, when he was killed by Colombian authorities in a dramatic shootout. He made several billions of dollars from his trade and was said to have earned up to $100 billion when money buried in different parts of Colombia are included. Saepe a exercitationem rerum sed ut. The coroner reported that bullets struck Escobar in the right leg and back and, The third [bullet] entered at the center of his right ear and exited just in from of the left ear, passing straight through his brain. Bowden noted the possibility that all three shots hit Escobar simultaneously or the killing shot was administered after Pablo was down.. He said it was not the first time he found money in places where his uncle used to avoid capture, as Escobar reportedly hid millions in properties. The outside world did not particularly concern him, except, of course, as a source of income. In his book titled, Pablo Escobar: My Father, Sebastin also revealed that whatever the government didnt take in liquid assets, the Cali cartel and Los PEPES forced the family to sign over to them. Gilberto Rodrguez Orejuela and Miguel ngel Rodrguez Orejuela are known collectively as the Orejuela Brothers. This is not true. Pablo Escobar Biography & Net Worth (2022) - Finanticum Unfortunately, however, she reported that there was hardly any money left when she returned. On December 2, 1993, after a 15-month-long manhunt by various security operatives including the Colombian and American intelligence agencies and the local vigilante group that was set up for that purpose, called the Los Pepes, Escobar was found at his hiding and was shot by the Colombian Police. Many of these murders were innocent civilians. Submit a correction suggestion and help us fix it! Also, there was no huge lump sum that Pablo Escobar saved for his family. Escobar would buy cocaine paste in Peru which would then be sent to a laboratory to be refined and subsequently smuggled into plane tires. Pablo quickly escaped and remained on the run from a small army made up of Colombian drug police, DEA agents, and American special forces soldiers. Also, a lot of money went into sustaining this operation. For instance of the ruling families in the middle east have oil pipelines, that is basically theirs. I prefer to be in the grave in Colombia than in a jail cell in the United States. The 1970s and 1980s saw Escobar and the Medelln Cartel enjoying a kind of monopoly in the cocaine trafficking business in America shipping over 80 percent of the total drug trafficked in the country. Despite these losses, he made Forbes list of international billionaires for seven years straight, and in 1989, Escobar was listed as the seventh-richest man in the world. Instead with Pablo it was a vertically integrated operation whereby anyone producing without his approval or the protection of one of the other major players would be dealt with rather violently. One of his most infamous acts was his involvement in the kidnapping and eventual murder of DEA Agent Kiki Camarena, for which Quintero was eventually convicted. Though it only cost him between $1000 and $4000 to refine and transport a single kilo of his cocaine to the states, his operatives in America could charge consumers between $50,000 and $70,000 for the same amount. Read about our approach to external linking. In the summer of 1989, the worlds most wanted drug lord had narrowly averted assassination, challenged extradition treaties, dared the law to take him to war, and pulled in enough illicit cash to retain his spot on Forbes magazines coveted list of the worlds richest people. Also I think the Shah of Iran had a shitload of gold bars just hidden somewhere. VideoAn inside look at the housing crisis, The world's most endangered jobs. With this amount of money attributed to his name and his cartel, he made Forbes' annual list of "World's Richest People" seven years in a row. 101 Investment Banking Interview Questions, Sales and Trading: Interview Guide written by Hedge Fund Trader, https://www.wallstreetoasis.com/resources/skills/economics/hot-waitress-economic-index, http://www.worldfinancialblog.com/entertainment/the-5-richest-criminals, http://en.wikipedia.org/wiki/Carlos_Lehder, Certified Sales & Trading Professional - 1st Year Analyst, Certified Hedge Fund Professional - Portfolio Manager, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat July 15th - Only 15 Seats. Dave Marciano (Wicked Tuna) Wiki Biography, Cayden Wyatt Costner Wiki: Who is Kevin Costner's What happened to Jared Rushton? Over 25,000 people attended his funeral, including most of the Medellns poor who he aided extensively. In 1982, he was elected to Congress. Wikimedia Commons Pablo Escobar When he realized his dream of becoming president of Colombia would not come true, Pablo Escobar unleashed fury on his political enemies; he was responsible for the murders of thousands of politicians, journalists, civil servants, and many innocent bystanders. One of his most infamous acts was his involvement in the kidnapping and eventual murder of DEA Agent Kiki Camarena, for which Quintero was eventually convicted. By Aava Khanal November 8, 2021 November 8, 2021. Is the New 007 Keeping Cinema Historically Accurate? . In 1975, after he returned from Ecuador to Medelln with a heavy load, Escobar was arrested along with his gang, and 39 pounds of white paste was discovered in their possession. Pablo Escobar: Biography, Drug Lord, Medelln Cartel Leader Sorry, you need to login or sign up in order to vote. In The Accountants Story, Roberto explains that, unsurprisingly, a lot of Pablos money went to public officials. He was going to be made an example of, sooner or later. Wait, you meant to say that he was actually worth 100 BILLION dollars? On the street, an 8 ball (1/8 ounce) generally sells for about $90-150, we'll say $100 because it's easy. Many were celebrating, some were not, and the news spread around the world quicker than a line of Escobars cocaine could be inhaled. He amassed an estimated net worth of $30 billion and was named one of the 10 richest people on Earth by Forbes. There are 200 million idiots, manipulated by a million intelligent men. . Pablo Escobar Vs. El Chapo Net Worth: Which Brutal Drug Lord Authorities have also linked him to the founding of a "Neo-Nazi" political group in the US, which was allegedly established in order weaken the extradition treaty between the United States and his native Colombia. In July 1992, after discovering that Pablo Escobar was operating his illegal activities from La Catedral, the government decided to shift him to a more secured jail. In reality, Escobar was just one part of a once-well-oiled machine: the farmers in the Andes, the refiners in Colombia (Escobars role), the logistics (smugglers) in the Bahamas and the distributors in the United States. First Pablo's Medellin Cartel was one of two in Colombia at that time, the other being the Cali Cartel which being less known had just the same success, and even helped in the downfall of Pablo. Pablo Escobar flourished for so long because he bought bribed local police and legal and administrative authorities, which also included getting himself elected to the Chamber of Representatives in 1982. When Pablo was alive and his cartel was thriving, he employed ten accountants to help launder hundreds of millions of dollars in illicit currency. Escobar splashed millions of dollars in purchasing 7.7 square miles of land which includes his estate Hacienda Napoles. A nephew of infamous drug lord Pablo Escobar has said he found a plastic bag with money worth $18m (14m) hidden in the wall of one of his uncle's houses. At the time, he had amassed an estimated net worth of $30 billion, equal to $59bn today. "Your grammar made me wish I'd been aborted." 3. The numbers are based on facts, however, obtained through interviews with ex-cartel members, known associates, and undercover operatives. In the early seventies, Escobar ramped up his criminal activity with partner Oscar Benel Aguirre, running petty scams and selling contraband from fake cigarettes to fake lottery tickets. Haveyou foundsome juicy information we didnt? 2023 Forbes Media LLC. Let's not forget Forbes makes their estimates based off public records, and a man as intelligent as Pablo Escobar makes sure the majority of their net worth doesn't really exist on paper. Worth more than the $25 billion that's often quoted? Daily Mail Pablo Escobar's net worth was estimated at $30 billion. Required fields are marked *. However, Escobar also profited off of the sales of his competitors. Pablo Escobar liked to flaunt his wealth. Escobar married 15-year-old Maria Victoria Henao in March 1976, when he was 26 years old. At the height of their empire they had a collective net worth of $3 billion. According to Ati, Pablo's wealth peaked at 30 billion dollars. There is a great book on that: http://www.amazon.com/Padrinos-mercaderes-organizado-Colombia-Spanish/d. Worth more than the $9 billion that's often quoted? In addition, after he was killed the officers in the unit trimmed his mustache--the normally clean-shaven Escobar had grown a thick, bushy mustache and a beard to disguise his identity--to make him look like. Escobar became the world's richest person seven times in a row from 1987 by Forbes . His next step up in the crime business was to work with the contraband smuggler Alvaro Prieto. With a net worth of $30 billion, Escobar was considered to be one of the richest men in the world at the time of his death, earned almost entirely from his command of a large part of the Colombian drug trade. - Tacitus After the demise of Pablo, it was very tough for Victoria to take care of the kids and run away. I will give the orders. Pablo Escobar - Wikipedia Escobar was "jailed" in his own private luxury prison named La Catedral. Dr. Nick Riviera: Hey, don't worry. German-Colombian Carlos Lehder had a net worth of $2.7 billion at the height of his cocaine empire in the 1980s. What is Pablo Escobar's wife's net worth? -happypantsmcgee. The BBC is not responsible for the content of external sites. 2023 Celebrity Net Worth / All Rights Reserved. In 1987, his net worth was estimated at $3 billiona value that calculates to more than $6.6 billion today. Katie Serena is a New York City-based writer and a staff writer at All That's Interesting. His name may not be as familiar as some of the others on this list to western readers, but the man known as Khun Sa was at one time known as the "Opium King" of Myanmar. Forbes magazine listed him as the seventh richest man in the world in 1989. 3. Pablo Escobar Net Worth | Celebrity Net Worth He built houses, stadiums, schools, hospitals and even paid peoples medical bills. We all know Pablo Escobar was one of the most successful criminals in history, but the extent of his influence and power still remains unknown. Amado Carrillo Fuentes Amado Carrillo Fuentes was the head of the Mexican Juarez Cartel. VideoOn board the worlds last surviving turntable ferry, King Charles to wear golden robes for Coronation, Why there is serious money in kitchen fumes, I didnt think make-up was made for black girls. All Rights Reserved. Jose Gonzalo Rodriguez Gacha is perhaps better known by the moniker "El Mexicano." He allegedly sold gravestones to resell to local muggers as well as selling counterfeit diplomas. But we guess thats nothing to a man like Pablo Escobar. That's enough to buy 250,000 rubber bands every month. . He was shot and killed on the rooftop of an apartment complex in 1993. Forbes Magazine first peg Pablo's wealth at north of $1 billion in 1987 as part of their inaugural list of international billionaires. Pablo Escobar's Nephew Finds $18 Million Hidden In Apartment Wall Pablo Escobar, pictured in 1992, was shot dead a year later in Medellin after law enforcement authorities tracked him down following his escape from prison. HIGHLY likely. What else do you think couldve happened to Pablo Escobars money after he died? Later, when its demand in America escalated, he arranged for extra shipments and alternative networks and routes including South Florida and California. Amado Carrillo Fuentes died in 1997 after suffering botched plastic surgery. Pablo's fame eventually turned into a reign of terror for his home country of Colombia. In all, Escobar is thought to be responsible for some 4,000 deaths. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. The officer's identity has never been made public. But his humble roots made him popular among some Colombians whose support he cultivated by giving out large amounts of cash and investing in poor neighbourhoods in Medelln. Even at an ounce, the street price is closer to 550, not 800. Non maxime natus provident veniam repellendus est. Apparently, the president would meet with traffickers to shorten their sentences. All Rights Reserved. Big sums of money were not deposited in the local banks, but he accumulated such a great net worth which was ridiculous for the time and place, and actually too much to go unnoticed or unchallenged. Category Four: Lost assets that happened to get lost in the transition of gaining the money and spending or hiding it. At the height of his criminal career, he was seen as a hero to the people of Medellin, especially the poor, but at this time had begun to be hunted by the U.S. and Colombian governments. Heseems to love the limelight and the opportunities that beingPablo Escobars son has afforded him. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 3 Ways an HR Coach can Benefit your business, 11 Places Where to Buy Items to Resell as a Vendor, Jay Robert Pritzker Biography & Net Worth, 7 Ways Low Income Earners Can Save Faster, How Much Should You Save From Each Paycheck, Top Tips To Acquiring Your First Credit Card In 2021, 10 Best Ways to Pay Off Credit Card Debt Fast. Escobar was born in Rionegro, Colombia in 1949 and established a drug cartel in Medelln in the 1970s. Has a smuggler surpassed John D. Rockefeller as the wealthiest person in history on an inflation adjusted basis, or was his actual net worth well below $100 billion dollars? . Pablo Escobar, real name Emilio Escobar Gaviria was a Colombian drug lord, drug trafficker, and narcoterrorist who was the founder and sole leader of the Medelln Cartel. Probably not the person you want to negotiate with, lol. Is it ok to have long fluffy tik tok hair in finance? Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, If I had asked people what they wanted, they would have said faster horses - Henry Ford, "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." Escobars name hadnt begun making its way into North American newspapers until almost the mid-1980s (and didnt reach headline status until the very end of the decade), but in Colombia, he was well known and had earned a reputation. Tracked down by a joint US/Colombian task force, Escobar attempted to escape by climbing up on the roof of his house when the police burst through his front door. How To Stay Safe Online with A Credit Card Generator? . Here's a look at his hi . Large-budget films such as 2001's Blow, Escobar, and American Made also graced the big screen. Perhaps most notably, Netflix's Narcos was released in August 2015 and chronicles the hunt for Escobar. He kept all the information in his head and relayed the location of the funds to whoever needed to know. He passed away in 1993. His empire included an army of soldiers and criminals, a private zoo, mansions, and . The network's operations centered around his own private island located in the Bahamas. By the mid-'80s Escobar owned 19 different residences in Medelln alone, each with a helipad. Nobis exercitationem saepe aut tenetur commodi deserunt. He used his vast wealth to bribe officials and gain political power, even running for office himself. Along the way, Pablo and his cartel were responsible for thousands, possibly even tens of thousands, of murders. Nevertheless, the global exposure certainly didnt help the narco-trafficking underworld in its efforts to remain as anonymous and elusive as possible. Carlos Lehder, a 70-year-old Colombian-German national, became known for creating a base for drug smuggling on a private island in the Bahamas. At the peak of its power, the Medellin cartel distributed 80% of the world's cocaine market. So the would be $800 for an ounce, $10,800 for a pound. Although he was looked at as an enemy of the Colombian and American governments, he was successful in building goodwill among the poor around him. That's 1.2 million pounds.