What Was Pablo Escobar's Actual Net Worth? | Wall Street Oasis Pablo Escobar Net Worth. 2. In the mid-1980s, at the height of his power, Escobars cartel brought in roughly $70 million a day, coming out to $22 billion a year. He was also accused of being responsible for the bombings at the Avianca Flight 203 and at the DAS Building in Bogota. VideoAn inside look at the housing crisis, The world's most endangered jobs. 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. Pablo Escobar was born on 1 December 1949, in Rionegro, Columbia, and is widely recognized as having been a major crime figure in Latin America as a cocaine trafficker and narco-terrorist, most famous for his illegal drug deals. 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. 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. 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. 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 lived an extravagant life with the riches . Who knows. Unless the guy paying you back is a ruthless leader of a drug cartelthen you just smile and say, "Nice doing business with you, sir". 10 facts reveal the absurdity of Pablo Escobar's wealth People who worked for Pablo but didnt move overto Cali might have also taken a large chunk of category two assets. It might be, I just dont find it plausible. His empire included an army of soldiers and criminals, a private zoo, mansions, and . Indeed, some of the population saw Escobar as a Robin Hood figure. Like most cocaine traffickers, Escobar himself rarely used the drug and was only a moderate drinker. Category Two: Immediate Hidden assets in places that are easily accessible like caves, the jungle, secret compartments of the house, etc. As for what happened to the money to the rest of his billions? Haveyou foundsome juicy information we didnt? Pablo owned four hippos at the time of his death, by 2007 the animals had multiplied to 16. As head of the Medellin Cartel, he oversaw the production and supply of cocaine, and orchestrated the smuggling of drugs into the US. 2. Crime lords don't get much more famous, or infamous, than Chicago's own Al Capone. Pablo Escobar was a Colombian born drug kingpin who had a peak net worth of $30 billion dollars during his lifetime. 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. Also I think the Shah of Iran had a shitload of gold bars just hidden somewhere. Following the outline of this Quora contributor, were going to divide the assets into categories to make the information easier to understand: 1. 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. Saepe voluptatem quia sit quia molestiae dolorem odit laborum. The "King of Cocaine" even ran for president once, but was unsuccessful. In 1978, he was elected as a substitute city council member in Medelln. He controlled something like 75% of the cocaine industry when he was at the height of his power. 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. The outside world did not particularly concern him, except, of course, as a source of income. 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 drug lord appeared on the Forbes Billionaires List only two years, with his second and final appearance in July 1989. 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. 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 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. 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. German-Colombian Carlos Lehder had a net worth of $2.7 billion at the height of his cocaine empire in the 1980s. VideoWho will get out unscathed? 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)). Thats no surprise, though, considering his weekly income has reached a whopping $420 million. Pablo Escobar Biography & Net Worth (2022) - Finanticum But his clock ran out . 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. Since the family was low on funds, Sebastin asked his aunt, Alba Marina Escobar, to go to a secret hiding place that held six million dollars. 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. He had rarely strayed far from Medellin, perhaps ironic but not surprising. In 1989, Forbes listed him as the world's seventh-richest person. 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. 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 addition to his multiple properties scattered throughout Central America, Escobar also owned his own zoo, complete with elephants and hippopotamuses, as well as a fleet of boats and cars, and even a submarine. The BBC is not responsible for the content of external sites. Some reports have had him living in Pakistan, something the Pakistani government denies. Escobar's cartel was responsible for countless crimes, including murders, kidnappings, and bombings. Many of these murders were innocent civilians. The only woman on this list, she was murdered in 2012 at the age of 69. What is Pablo Escobar's wife's net worth? Here's What Happened to Pablo Escobar's Money After He Died - ENTITY Pablo hid a lot of his cash in jungles or secret compartments. Ut quas dignissimos ullam ut sint quia est. Required fields are marked *. 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 cartel was dismantled, and his death marked the end of an era of violent drug trafficking in Colombia. Now that you know Pablo Escobars net worth, check out these Pablo Escobar facts. Over 25,000 people attended his funeral, including most of the Medellns poor who he aided extensively. The 20 Richest Drug Dealers in History - Money Inc Nobis exercitationem saepe aut tenetur commodi deserunt. The co-founder of the now-defunct Guadalajara Cartel. Following this beginning, Pablo Escobar started running his own illegal businesses, which included smuggling cigarettes and alcohol, stealing cars as well as selling fake lottery tickets. [1] [2] He and the government negotiated a surrender and a deal to stop all criminal activity in exchange for a reduced sentence. Due to the nature of drug money (read: its illegal, not reported, and not taxed), Pablo Escobars net worth has mostly been determined through estimations. The Museum is a 501(c)3 nonprofit organization with a mission to advance the public understanding of organized crime's history and impact on American society. Excellent documentary, that made Scarface look like a Disney movie. Sometimes I feel like God . who is richer than pablo escobar. There will be some deaths, he told Liberation. He himself would fly a plane between Panama and Colombia for smuggling Cocaine to America. According to Ati, Pablo's wealth peaked at 30 billion dollars. Escobar made the Forbes' list of international billionaires for seven years straight, from 1987 until 1993. Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). He was quite famous in the local Roman Catholic Church and the people of Medelln often protected him from authorities. The people on this list make Tony Montana look like Tony the Tiger. Pablo Escober was one of nine children born into the family of Hemilda Gaviria a school teacher and Abel de Jesus Dari Escobar, a farmer. Forbes magazine listed him as the seventh richest man in the world in 1989. After the US issued an extradition order, Escobar resisted capture and his gang targeted politicians, the police and journalists. Published: August 22nd, 2019 - By Christian Cipollini, Contributing Writer, Colombian drug lord Pablo Escobar spent seven years on Forbes list of worlds richest. Pablo Escobars net worth at the time of his death was estimated at $30 billion. It was on the streets of Medelln that Pablo Escobar started his criminal activities as a teenager, stealing different items and selling them off to smugglers. Escobar studied at the Unidersidad Autonoma Latinoamericana for a short time but did not finish a degree. The third of seven children, Escobar was the son of farmer Abel de Jesus Dari Escobar Echeverri and teacher Hilda de Los Dolores Gaviria Berrio. 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.