Pablo Escobar Net Worth

Pablo Escobar was the head of the Medellin Cartel, a drug cartel, and a narcoterrorist from Colombia. He earned the moniker “The King of Cocaine” and rose to become the world’s wealthiest criminal. Pablo’s drug cartel controlled the USA’s cocaine trade in the 1980s, and the early 1990s will help you realize how strong he was. His cartel controlled 80% of the global cocaine market.

Business Insider estimates that Pablo Escobar is worth more than his estimated net worth. He was so wealthy that Forbes included him among the world’s top ten richest people. So what is Pablo Escobar net worth?

What is Pablo Escobar net worth?

When it was at its most potent, the Medellin cartel ruled the cocaine trade, making an estimated $420 million a week and elevating its boss to the ranks of the world’s wealthiest people. Pablo Escobar’s net worth is reportedly to have been $30 billion. His extravagant lifestyle featured private jets, opulent residences (see below), and grand gatherings. He reportedly offered the Colombian government to pay off the country’s $10 billion debt in the late 1980s to be spared from extradition.

Escobar could not spend the entire money; much was kept in fields and warehouses. His brother claimed that almost 10%, or $2.1 billion, was lost every year due to being eaten by rats or destroyed by the environment. Sometimes it was just misplaced.

Who is Pablo Escobar?

Pablo Escobar, the head of the Colombian drug trade, was born on December 1st, 1949, in Rionegro, Colombia. The infamous Colombian drug kingpin Pablo Emilio Escobar Gaviria, sometimes known as the “Coke King,” was well-known. He was regarded as the most egregious, powerful, and wealthy drug trafficker in history. He established the “Medellin Cartel” in cooperation with other criminals to transport cocaine to the American market. Pablo Escobar and the “Medellin Cartel” shipped approximately 80% of the cocaine trafficked into the United States during the 1970s and 1980s, having a near monopoly in the industry.

He made enormous sums of money, and by the early 1990s, it was claimed that he had a net worth of $30 billion. When the funds buried in various areas of Colombia are considered, the earnings total almost $100 billion. Forbes listed him as the seventh-richest person in the world in 1989. He lived a lavish lifestyle thanks to his success. His empire comprised a private zoo housing numerous exotic species, 400 opulent houses spread out over the globe and private planes. He also had his own army of trained criminals and soldiers. He was known for supporting soccer teams and charitable endeavors, even though his massive fortune was based on murder and other crimes.

Who shot Pablo Escobar in the ear with the last shot is still a mystery. Rumors said that the drug lord may have shot himself, though. Escobar’s family insisted that if Pablo knew he was cornered, he would have made sure it was on his terms and refused to accept that the Colombian police had brought him down.

Personal Life

Soon after Escobar was born, his family—his mother was a teacher, and his father was a farmer—moved to Envigado, Colombia, a Medellin suburb. He started living a life of crime while still a youngster. Maria Victoria Henao, then 15 years old, was Escobar’s bride in 1976. The Henao family didn’t support the relationship because they considered Escobar socially inferior.  The two gave birth to a daughter named Manuela and a son named Juan Pablo. 

How Pablo Escobar Made His Money?

Pablo Escobar’s net worth had grown to $30 billion by the time he died. Pablo Escobar’s money came from drug trafficking, kidnapping, and other illegal activities like money laundering. Pablo Escobar hired teams to deposit modest sums of cash in national banks. Pablo Escobar also hired computer experts to break into data networks. 

The Cali Cartel cleaned hundreds of millions of dollars through a gold buying operation. Gold bullion was purchased with drug money that was deposited in Italian banks. The gold was subsequently transported to Panama and exchanged for cash there. This was a technique Pablo Escobar developed. 

Interesting Facts About Pablo Escobar’s

• His first wage was $3 per day when Pablo Escobar began his cocaine business. 
• In 1984, Pablo Escobar’s net worth exceeded $1 million. 
• Pablo Escobar’s children and confidants each received an equal share of the remaining money following his death.
• He once burnt $2 million to stay warm while evading capture and deducted $500 million annually as spoilage. The cartel made around US$70 million each day at its peak of operations. Pablo Escobar’s illegal drug trade brought in roughly $420 million weekly.
• Only Manuela Escobar, Pablo Escobar’s daughter, has never been charged with a crime. 
• At the age of 22, Pablo Escobar had amassed a million dollars. 
• When he was 26 years old, he wed Maria Victoria Henao, a 15-year-old. 
• Marroquin, Sebastián Pablo’s child, first intended to carry on his father’s criminal tradition and sought vengeance for what had happened to him, but he subsequently changed his mind.
• The La Catedral was a prison built to specifications ordered by him.
• He was the richest drug lord ever to exist.

Conclusion

Pablo Escobar, sometimes known as The King of the Cocaine trade, was a phenomenally wealthy Colombian drug lord and leader of the Medellin drug cartel. He continued to be well-known for his vast wealth and was regarded as the wealthiest criminal in history. His drug enterprise generated an estimated $30 billion in personal wealth in the early 1990s (or $70 billion in 2022 dollars adjusted for inflation). Escobar gained international recognition in 1989 when his cartel held 80% of the world’s cocaine market.

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