. Pablo Escobar's life has spawned many books, films, and TV shows chronicling his career in cocaine. "By some estimates, Pablo Escobar enjoyed an ROI of as much as 20,000%. What's a nifty thing you've got in your apt/home that's made your life easier? The drug lord appeared on the Forbes Billionaires List only two years, with his second and final appearance in July 1989. They probably felt like they were owed a severance payment from their late boss. 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's infamy goes back too far and covers too much ground to be adequately covered here. 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. You won't get any arguments about him being under 100B either dude, that's quite the wide window. By the late 1970s, as coke became the drug of choice for affluent Americans, a younger generation of dealers, largely Colombian, had built up its empires of blood and violence, as Colombian President Belisario Betancur now calls them; drug domains richer, more powerful, more sophisticated than the great crime organizer Luciano could have foreseen. Noted Cannibals Weigh In, What Stephen Hawking Thinks Threatens Humankind The Most, 27 Raw Images Of When Punk Ruled New York, Join The All That's Interesting Weekly Dispatch. Along with his brothers, Pablo warehoused it alongside wheat, however, this was not the best decision he made, as the moisture and rats damaged some of the cash it was estimated that over 10% of his stored cash was eaten by rats. Only those who went hungry with me and stood by me when I went through a bad time at some point in life will eat at my table. They had two children: son Juan Pablo, who later changed his name to Sebastian Marroquin, and daughter Manuela. By that time his Medelln Cartel controlled a huge portion of drug trafficking covering Spain, Mexico, the United States, Venezuela, Dominic Republic, Puerto Rico, and many other countries of Europe and America. He earned $100,000 for kidnapping and holding a Medellin executive for ransom during this period. Then, of course, the Cali cartel and Los PEPES demanded their own payments for their involvement in taking down the kingpin. 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. In the summer of 1989, the world's 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 magazine's coveted list of the world's richest people.. Thirty years ago, Colombia's Pablo Escobar was the undisputed king of the cocaine cowboys. But he was also recognized for his use of technology in his narcotics operations, considered to be pioneering for his use of airplanes to transport cocaine. His empire included an army of soldiers and criminals, a private zoo, mansions, and . His wealth catapulted him into the Forbes list of global billionaires for seven years. Now Lucianos Latin American heirs are themselves branching out, becoming the new international underworld of the 1980s.. I will give the orders. Explicabo ea doloribus ipsam et reiciendis ipsum et. When Pable ran things it was basically him and a few other players controlling all of Columbia's production, they generated some pretty impressive profits when they didn't have to worry about every coffee farmer who couldn't get by planting a few coca trees, selling the leaves to a local pharmacist trying to get a couple more bucks and selling it to a regional drug lord. But during his lifetime he was possibly the most successful drug lord of them all. He made his wealth mostly through his drug-trafficking business. With an estimated net worth of around $30 billion, Pablo Escobar was described as a wealthy narcoterrorist, drug lord and cocaine trafficker. "In 1987 Forbes magazine estimated Escobar to be the seventh-richest man in the world with a personal wealth of close to $25 billionwhile his Medelln cartel controlled 80% of the global cocaine market" - I'm going to take Forbes' method of determining net worth over yours Not real sure why you think they were splitting the coke trade with anyone but 100mm is a ridiculously low number Do you have the link for that website? But now they are both in separate prison facilities in the US serving out very long sentences. 2023 Celebrity Net Worth / All Rights Reserved. Profession: Colombian drug lord. On the other hand, his mother, Hermilda, was employed in the city as an elementary school teacher. However, Escobar was also something of a philanthropist, and the local poor benefited considerably from his easily-affordable generosity, which made him relatively popular with the poor in his country. He had big expenses on the way, assuming he had amassed 25 billions by 1987 I seem plausible he could have gotten up to a maximum of 75b, but not more in the 4 following years. Estimated Net Worth in 2022 (Approx) $30 blln: Estimated Net Worth in 2021 (Approx) Under Review: Annual Salary: . By this point, there was no chance he would be extradited to the U.S. for his crimes as it had been prohibited by the new Colombia Constitution of 1991. His lifelong recreational drug of choice was marijuana. By the mid-'80s Escobar owned 19 different residences in Medelln alone, each with a helipad. Thats why it would have been hard for him to go over 100m, as money was spread along the cells. Category One: Liquid assets like cash, cars, houses, clothes, etc. Needless to say, the guy had a shit ton of money. 2021: Pablo Escobar oftentimes referred to as the 'King of coke', . When he was alive, Pablo Escobar ran one of the most infamous and. Many citizens helped avoid Pablo avoid arrest by serving as lookouts and lying to the authorities. Your email address will not be published. He continued to run the Medellin Cartel from the inside, which prompted the government to move him to a conventional prison in July 1992. Some of decades-old banknotes were decayed and no longer usable, said Nicols Escobar, who has been living in the apartment for the last five years. At the height of their empire they had a collective net worth of $3 billion. He has escaped from prison twice over the course of his career, which has been dramatized on television programs like "Narcos: Mexico" and the Netflix/Univision co-production "El Chapo." About 10 percent of the money warehoused was lost every year due to damage by rats. In particular, along with his brothers, Pablo used to steal gravestones, which were sold to Escobar`s uncle who was running a monument business. In the mid-1980s, Escobar's cartel brought in an estimated $420 million a week, which totals almost $22 billion a year. He kept all the information in his head and relayed the location of the funds to whoever needed to know. Following the outline of this Quora contributor, were going to divide the assets into categories to make the information easier to understand: 1. Also I think the Shah of Iran had a shitload of gold bars just hidden somewhere. Known to the world as "El Chapo," Loera is currently imprisoned in a facility in Colorado. Always more deaths. Many Colombians adore the convicted underworld boss Escobar despite his many crimes. Pablo Escobar best fits the description as the king and the godfather of all drug lords in the world, and at the time of his death, Pablo Escobar's net worth was valued at billion dollars, making him the richest criminal who ever lived. The United States Joint Special Operations Command combined with Centra Spike and started hunting Escobar in 1992. All Rights Reserved. Escobar made the Forbes' list of international billionaires for seven years straight, from 1987 until 1993. Married his wife when she was 15; he obtained a special dispensation from the local bishop (such dispensations were routinely offered by the Church for a fee)). Pablo Escobar oftentimes referred to as the King of coke, was an infamous Colombian criminal and drug lord. The first drug lord to make Forbes list had, however, become the face of everything wrong with the drug trade, and his so-called Medellin Cartel was immediately identified with narco-trafficking and narco-terrorism. This is the same man who could easily burn $2 million without blinking to keep his daughter warm, bury tons of cash in the jungle andcasually write off 10 percent of all funds due to spoilage (aka rats ate it). What Is The Net Worth of Pablo Escobar? . Pablo Escobar is possibly the most widely familiar name on this list, second only to Al Capone (and that's probably debatable). Here's a look at his hi [+], The World's 15 Youngest Billionaires 2023, The Top 10 Richest Women In The World 2023, Billionaires 2023: The Top 10 Richest People In The World, Forbes America's Top Colleges List 2022: Top 25 Highest Earnings, The Worlds 10 Highest-Paid Athletes 2022, Forbes America's Top Colleges List: Top 25 Success Factories, The Worlds Highest-Paid Soccer Players 2022. He lived an extravagant life with the riches he made, kept around four hundred luxury mansions in various countries, owned private aircraft, and even a private zoo that was home to various exotic animals. His nickname is El Parito Loco, "The Crazy Duck". Saepe a exercitationem rerum sed ut. Worth $100 billion? Save my name, email, and website in this browser for the next time I comment. Sorry but I havent found and english version, basically it compares the italian mafia with the colombian. There are definitely some familiar faces on this list who have been made famous by big budget Hollywood movies, but there are also some people here who you've probably never even heard of. He reportedly spent $2500 a month just on rubber bands to wrap all the money. He had successfully won over Medellin citizens by putting on a facade of a "superhero": building sports fields and sponsoring children's football teams, constructing houses and distributing money through civic activities. In collaboration with Carlos Lehder, Escobar developed Normans Cay in the Bahamas as a trans-shipment point. Haveyou foundsome juicy information we didnt? Pablo didnt set aside an inheritance for his son or daughter, thats why they dont have their own category. He and his cartel are said to have caused the deaths of thousands of people, including law enforcers, politicians, rivals, and also innocent civilians. Some reports have had him living in Pakistan, something the Pakistani government denies. Escobar became the world's richest person seven times in a row from 1987 by Forbes . 2. A pilot could make up to $500,000 USD per flight for smuggling the drugs. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. He was instrumental in building churches, hospitals, schools, and hospitals in parts of Colombia and also donated money for several projects that were of benefit to the poor. To also mention, the notorious kingpin had his own army of soldiers and hardened criminals. At the peak of his career Escobar was said to be the seventh richest person on the planet. Also, a lot of money went into sustaining this operation. Pablo hid a lot of his cash in jungles or secret compartments. Spoilage could include water damage and fires, but more common was starving rats that ate the money thinking it was food. The numbers are based on facts, however, obtained through interviews with ex-cartel members, known associates, and undercover operatives. The $25 billion dollar estimate is common, but most of the websites I checked have the Forbes estimate listed at $9 billion dollars. I also think Forbes methods are a bit difficult when it all private information. I seriously believe he was under 100m, the drug business is not a centralized one, like say italian mob, but the opposite, very independent operation cells that trade with each other. Apparently, the president would meet with traffickers to shorten their sentences. Pablo Escobar was a Colombian born drug kingpin who had a peak net worth of $30 billion dollars during his lifetime. Unfortunately, however, she reported that there was hardly any money left when she returned. Alongside Oscar Bernal Aguirre, he would steal cars, sell fake lottery tickets to unsuspecting buyers, sell contraband cigarettes, and operate petty street scams. Courtesy of the Cipollini Collection. 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. However, in 1986 he offered to pay off Columbia's $10 billlion dollar national debt in a political gamble, which leads me to believe his net worth was actually much higher. According to Forbes magazine, Escobar had a personal net worth of about US$3 billion ($6.4 billion in 2021 dollars), making him one of the 227 billionaires in the world in 1989. In all, Escobar is thought to be responsible for some 4,000 deaths. The Cartel smuggled in over 15 tons per day. He used his vast wealth to bribe officials and gain political power, even running for office himself. After the US issued an extradition order, Escobar resisted capture and his gang targeted politicians, the police and journalists. While we work diligently to ensure that our numbers are as accurate as possible, unless otherwise indicated they are only estimates. -Niccolo Machiavelli, "Despite a voluminous and often fervent literature on 'income distribution', the cold fact is that most income is not distributed: it is earned." VideoThe world's most endangered jobs. He was going to be made an example of, sooner or later. . Sebastian Marroquin has been able to shoot a documentary regarding his father's life. Boyfriend, Net Wo Abel de Jess Dari Escobar, Hermilda Gaviria, El Doctor , El Patrn , Don Pablo , El Seor , The Tzar of the Drugs, Ciudadano Escobar (2004, Documentary),The '80s: The Decade That Made Us (2013), Sins of My Father (2009), The True Story of Killing Pablo (2002), Blow (2001), Mugshots (2000), Drug Wars: The Cocaine Cartel (1992), Underworld Histories (2007), Zero Hour (2004, TV Series), Reputations (1995), CNN Presents (1994). She was 15 years old at that time. There were syndicated shipments where people just pooled their own drug to be delivered in a route and payed a fee. 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. MayCay Beeler, professional pilot and co-author of convicted cartel smuggler Jack Reeds memoir Buccaneer, said most of those involved in the organizations that worked with Escobar had never even heard of the phrase Medellin Cartel until the government and media began using it in 1987. When Pablo was alive and his cartel was thriving, he employed ten accountants to help launder hundreds of millions of dollars in illicit currency. Rumor had it that his network reached Asia as well. Jul 26, 2021, 12:48 IST 1. Nicols Escobar told Colombian media "a . Rumours of Escobar's hidden fortunes have circulated in Medelln since his death, after he spent decades waging war against the Colombian state to prevent his extradition to the United States. In CNNs exclusive interview with Pablos son, now named Sebastin Marroqun, Sebastin explains that the assets in category one mostly went to the Colombian government. Later, when its demand in America escalated, he arranged for extra shipments and alternative networks and routes including South Florida and California. He earned popularity by sponsoring charity projects and soccer clubs, but. This guy probably just had houses just jacked full of money all over the placeessentially money that wouldn't be accounted for in a bank, on paper, etc. Many of these murders were innocent civilians. A Tale Of Two Drug Kingpins: El Patron Vs. El Chapo, The Five Wealthiest Drug Lords Of All Time, #11 Joaqun Loera AKA Chapo Guzman: $1 Billion, #6 Jose Gonzalo Rodriguez Gacha: $5 Billion. Born as Pablo Emilio Escobar Gaviria, Pablo Escobar was probably one of the extremely rich criminals in the world in his time. 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. Category Three: Remotely Hidden assets in places that are harder to access in banks from other countries, laundered through foreign businesses, etc. 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. I wonder if Pablo worked with any legit bankers at the time lol.. Escobar was worth well over $9 bn. At the time of his death (1993), Pablo Escobar had a net worth of $30 million, which would be $64 billion in 2021. 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. Without Pablo and the Medellin cartel to keep them safe, they boughtout an entire hotel floor so no one could sneak up on them. He amassed an estimated net worth of $30 billion and was named one of the 10 richest people on Earth by Forbes. In 1989, Forbes listed him as the world's seventh-richest person. 5 Instagram Famous Couples Who Are Cute Relationship Goals, 19 Dad Rock Songs To Jam To This Fathers Day, 13 of the Best Quotes From Linda Belcher, Super Mom, 7 LGBT Webcomics You Should Add to Your Reading List, burn $2 million without blinking to keep his daughter warm. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Ullam sunt architecto nisi repellat commodi. SB for that post. His criminal activities included murders of hundreds of civilians, state officials, and policemen and bribing judges, politicians, and government officials. 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. That year, 1989, also was a time of amplified violence, bloodshed and accusations. Thank you for subscribing to ENTITY. Ex-members of the Medellin cartel who turnedto Cali after Pablos death told them where to find a lot of the money. Notorious Colombian drug trafficker Pablo Escobar rose to infamy in the 1980s as a main figure in the global cocaine business. Escobar studied at the Unidersidad Autonoma Latinoamericana for a short time but did not finish a degree. when I order someone killed--they die the same day. People with the routes, the part where the margin was (and still is) can own plantation, transformation and distribution, but its not efficient and they tend not to do it, instead buying the product. 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. By the mid-eighties, the demand for cocaine was high in the United States and the Medellin Cartel was controlling 80 percent of the drug smuggled in; netting around $420 million a week. 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. Escobar's cartel was responsible for countless crimes, including murders, kidnappings, and bombings. Though the numbers arent nearly as exact as they could be, most accountants have put Escobars total wealth in the mid-billions, usually around $30-60 billion by 1980s standards. Nevertheless, the US authorities eventually persuaded incorruptible Colombian security forces to cooperate with them, to bring an end to Pablo Escobars illegal empire, and he was eventually cornered by tracking radiotelephone transmissions, and killed in December 1993, at that time being one of the richest people in the world. This is a look back at that wild era of the 1980s, to explore the myths and the man who will likely be the proverbial poster boy of illicit drug kings for decades to come. What is Pablo Escobar's wife's net worth? Jose Gonzalo Rodriguez Gacha is perhaps better known by the moniker "El Mexicano." Escobar persisted in reaching an agreement that included giving up property and money (contrary to some stories, he did not offer to pay off Colombias national debt). Thats no surprise, though, considering his weekly income has reached a whopping $420 million. He had a strong desire to be a known millionaire by the age of 22 since his childhood. By Aava Khanal November 8, 2021 November 8, 2021. Escobar splashed millions of dollars in purchasing 7.7 square miles of land which includes his estate Hacienda Napoles. After he died, Pablo Escobar's money was difficult to track. When he was alive, the drug lord ran one of the most notorious and violent drug cartels in world history, The Medelln Drug Cartel. His wife, Maria Victoria Henao, has an estimated net worth of $30 million. So, many people think theres some comprehensive treasure map that could lead them to hordes of his cash. Category Four: Lost assets that happened to get lost in the transition of gaining the money and spending or hiding it. For instance of the ruling families in the middle east have oil pipelines, that is basically theirs. The true extent of his wealth at the time of his death remains unknown to date. Pablos brothers still deny that the business was illegal, which may be true or not, but this was how Pablo Escobar started growing his net worth. He wasa man who helped the people. Escobar died along with one bodyguard that day. paying all the employees, hiring hitmen, paying off officers, etc. 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. Most accounts suggest that Escobars ambitions were predominantly focused on the interior borders of his homeland and becoming some sort of icon or hero within it. Escobar was born in Rionegro, Colombia in 1949 and established a drug cartel in Medelln in the 1970s. Which drug did Pablo sell? Is the New 007 Keeping Cinema Historically Accurate? In the interview, he said he accompanied his uncle on many occasions, and that he was once kidnapped by individuals looking for Escobar's whereabouts: "I was tortured for seven hours. He was shot and killed on the rooftop of an apartment complex in 1993. She is a designer and businesswoman who currently lives in Buenos Aires. Your analysis seems to assume that he made 100 dollars for every 8 ball, which was not the case. Pablo Escobar was a notorious Colombian drug runner who made Forbes' international billionaires list 7 years in a row, beginning in 1987.