Pablo Escobar liked to flaunt his wealth. The mid-1980s saw Escobar at the peak of his power, moving about 11 tons of cocaine per flight to America. He failed in his attempt to bribe the judges in charge of his case and eventually killed the two arresting officers, leading to the dropping of his case. Well, except Sabastin. The United States Joint Special Operations Command combined with Centra Spike and started hunting Escobar in 1992. Escobar was "jailed" in his own private luxury prison named La Catedral. 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. Without Pablo and the Medellin cartel to keep them safe, they boughtout an entire hotel floor so no one could sneak up on them. 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. Go to www.ganglandlegends.com. 1.2 million pounds x $10,800/lb = $12,960,000,000. 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. 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. An inside look at the housing crisis. 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. The officer's identity has never been made public. I have no doubt he could've scrounged up the $10bn to pay it off. . So, of course, he put his brother in charge, someone he trusted. About 25,000 people made it to his funeral in Medellin, but Escobar's death was mostly a giant relief to his home country and the world. Although the huge amounts of cash were an afterthought, they were key to running Pablos business. Here's What Happened to Pablo Escobar's Money After He Died - ENTITY 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. In The Accountants Story, Roberto explains that, unsurprisingly, a lot of Pablos money went to public officials. - Tacitus AI chatbots soon may be more intelligent than us, BP profits of 4bn in three months spark criticism, The 17 most eye-catching looks at the Met Gala, 'My wife and six children joined Kenya starvation cult', On board the worlds last surviving turntable ferry. 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. 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. Escobar's reign came to an end in 1993, when he was killed by Colombian authorities in a dramatic shootout. This is, of course, subtracting the $2,500 a month the cartel spent on rubber bands to keep their cash bundled together, and the $2.1 billion (roughly 10 percent) lost to hungry rats nibbling on the bills. Indeed, some of the population saw Escobar as a Robin Hood figure. I can't say how much he was worth, but I think your revenue estimate is a little off the mark and even if its not, a small portion of that probably went into his pocket. Most outrageously, Escobar had a prison La Catedral built to his specifications, and of course he escaped when authorities attempted to move him to another facility in 1992. Forbes named him the 7th richest person alive as of 1989. 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. "Your grammar made me wish I'd been aborted." 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. Pablo Escobar's net worth started growing when he was still a teenager, from the profits of mostly petty crime. 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. Life is full of surprises, some good, some not so good. At the peak of its power, the Medellin cartel distributed 80% of the world's cocaine market. Is paying more for premium petrol worth it? or Want to Sign up with your social account? Naturally, the relationship was frowned upon by her family and the pair secretly eloped. 3. After the demise of Pablo, it was very tough for Victoria to take care of the kids and run away. He reportedly spent $2500 a month just on rubber bands to wrap all the money. In March of 2021, he lost his final appeal to avoid extradition to the US from Mexico for charges surrounding that kidnapping and killing. Luis Carlos Sarmiento Angulo. How Much Did Pablo Escobar Make In His Career | Bd Jobs Today 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. 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. His father, Abel, was a farmer. He was raised in Medellin, where he is thought to have started his criminal career as a teen. He was quite famous in the local Roman Catholic Church and the people of Medelln often protected him from authorities. Carlos Lehder, pictured in 1987, co-founded the Medellin Cartel with Escobar. Pablo Escobar Net Worth 2023: Age, Height, Weight, Wife, Kids, Bio-Wiki Net Worth in 2023: $30 billion. He made billions of dollars from his illegal business and was said to have made around $100 billion when all the cash buried in different parts of Colombia are included. Roberto Escobar actually wrote a book, titled The Accountants Story: Inside the Violent World of the Medellin Cartel, which outlinedall the places Pablos money went during his reign. In March of 2021, he lost his. Gilberto Rodrguez Orejuela and Miguel ngel Rodrguez Orejuela are known collectively as the Orejuela Brothers. After he died, Pablo Escobar's money was difficult to track. Maybe its all in a ripped plastic bag under pounds of foliage or perhaps its stuffed in an abandoned houses closet. The true extent of his wealth at the time of his death remains unknown to date. 2005-2023 Wall Street Oasis. The outside world did not particularly concern him, except, of course, as a source of income. What's a nifty thing you've got in your apt/home that's made your life easier? Drug traffickers from around cartels were handing over anywhere from 20-35 percent of their profits to him, as he was the one who could ship it successfully into the United States. it's fucking cocaine we're talking about here - and pablo escobar was the biggest. In addition to the small write-off for damages, Escobar also willingly spread his wealth around to the people of Colombia. He eventually controlled over 80 percent of the cocaine shipped to the U.S., earning him the rank of one of Forbes Magazine's 10 wealthiest people in the world. Pablo Escobar Biography & Net Worth (2022) - Finanticum Understandable. So just how rich was Pablo Escobar? 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). Apparently, the Medellin cartel would spend $2,500 on rubber bands alone to hold his money together. It's also one of the only professions where people are trying to kill or arrest you every single day. Only 1985. But who are the richest drug lords in history? 2023 Celebrity Net Worth / All Rights Reserved. 4. 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. He has an annual salary of over $4 million. 1987 - Forbes People become drug dealers because it's still the only profession where someone without a college education can become one of the richest people on the planet in just a few years. Pablo Escobar In Forbes' Billionaire Issues View All 1992 11 of 14 1992 Net Worth: Over $2 billion It is believed Escobar is still running his cocaine operation from his cushy. Colombian police killed him in a rooftop shootout in 1993. Escobars notoriety rocketed to a whole new level when, in 1987, Forbes etched the drug barons name onto a docket normally reserved for the top echelon of wealthy international industrialists and investors the billionaires. Its not clear if Escobar personally reveled in the wide recognition the magazine list gave him. Pablo Escobar wedded Maria Victoria in March 1976. The co-founder of the now-defunct Guadalajara Cartel. But we guess thats nothing to a man like Pablo Escobar. He was known for his brutal tactics, including ordering the killing of hundreds of police officers, politicians, and judges who stood in his way. There was so much money rolling into his enterprise that figuring out how to invest it was more than he could handle; millions were simply buried. The Sinaloa Cartel which he once led is reportedly still a powerful force in drug trafficking and crime. This was a really successful business, and Pablos life was flourishing. When that relationship soured and Pablo's money was frozen, the cartel reportedly put a $1 million contract out on Noriega's life. After he was arrested in 1991, Escobar was housed in a prison of his own design, nicknamed the Cathedral, where he continued to oversee the Medelln Cartel.