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How Much Was Pablo Escobar Worth? The Startling Truth About The Colombian Drug Lords Wealth
Pablo Escobar was born into a poor Colombian family in 1949. But when he was killed at age 44, he was one of the wealthiest men on Earth. So, what was Pablo Escobars net worth at the time of his death?As the leader of Colombias Medelln Cartel, Escobar was the king of the global cocaine trade. The criminal group purportedly brought in up to $420 million every week at its height, leaving Escobar with so much cash that he resorted to storing it in fields and empty warehouses.Public DomainPablo Escobars 1976 mugshot after he was arrested on drug charges.Due to the illicit nature of the drug lords wealth, its impossible to tell exactly how much money he had. But estimates put Pablo Escobars net worth at $25 billion or more.From luxurious mansions to private prisons, go inside Escobars immense wealth.From A Life Of Poverty To Untold RichesPablo Escobar was born on December 1, 1949, in Rionegro, Colombia. His father was a poor farmer, and his mother worked as a teacher to help support their seven children. Many of Escobars early crimes involved reselling stolen items to make money.But by the time he was in his 20s, Escobar had turned to a life of violence, joining a gang and kidnapping people for ransom. Then, in the 1970s, he started a group that would grow to become one of the most infamous drug trafficking organizations in history: the Medelln Cartel. Drug Enforcement AdministrationIn 1984, the U.S. Drug Enforcement Administration and Colombian authorities raided one of the Medelln Cartels facilities and discovered that it was producing 20 tons of cocaine per month.The cartel produced, transported, and sold cocaine, first within Colombia and then across the globe. Their drugs were smuggled to the U.S., Asia, Australia, Africa, and Europe, and by the mid-1980s, Escobar and his associates controlled up to 80 percent of the worlds cocaine trade.Business was so successful that it eventually brought in hundreds of millions of dollars each week. As Roberto Escobar, Pablos brother, explained in The Accountants Story: Inside the Violent World of the Medelln Cartel, [M]ost of our money came back to Medelln as straight cash in suitcases and green duffel bags. Truckloads of cash. A mountain of U.S. dollars and Colombian pesos, the currencies in which we worked. So much cash that we would spend as much as $2,500 monthly on rubber hands to hold the money together.And as the cartels income grew exponentially from year to year, so did Pablo Escobars net worth. Mansions, Zoos, And Private PrisonsEscobar spent his money as quickly as it came in.In the late 1970s, he built Hacienda Npoles, his massive estate in Puerto Triunfo. The 7,000-acre property reportedly cost $63 million and held a soccer field, a bullfighting arena, a private airstrip, and a zoo with giraffes, elephants, zebras, and other exotic creatures.The notorious drug lord purchased private planes, yachts, helicopters, and even submarines to help smuggle cocaine. He also threw extravagant parties. According to a 2024 report by the Argentine outlet Infobae, Escobar hosted a month-long 33rd birthday party at Hacienda Npoles in 1982, with different bands and artists performing every night.Timothy Ross/The LIFE Images Collection/Getty ImagesAn aerial view of elephants in the zoo at Hacienda Npoles.He even built his own prison. In 1991, he turned himself in to Colombian authorities to avoid extradition to the U.S. (According to some reports, he first offered to pay off his countrys national debt instead.) As part of the deal, Escobar was permitted to construct a luxury prison in which to serve his sentence.Known as La Catedral or Hotel Escobar, the facility was outfitted with a soccer field, jacuzzi, nightclub, and sauna. Escobar had phone and computer access, and he frequently held parties while behind bars. During this time, Escobar was listed in Forbes as one of the wealthiest men in the world. Indeed, he had so much money that he didnt know what to do with all of it.What Was Pablo Escobars Net Worth?After buying everything he could possibly want, Escobar still had piles of cash left over and it just kept coming. He was celebrated as a Robin Hood figure because he funded countless projects to help the poor, but even that couldnt put a dent in his massive wealth.When Escobar and his fellow cartel members couldnt launder their money quickly enough, they reportedly resorted to storing it in fields and warehouses. According to Roberto Escobar, I know that Pablo was earning so much cash that each year we would simply write off approximately 10 percent of our money because the rats would eat it or it would be damaged beyond use by water and dampness.RAUL ARBOLEDA/AFP/Getty ImagesLa Catedral, the Colombian prison that Pablo Escobar built for himself.Still, Pablo Escobars net worth was allegedly $25 billion. A 10 percent loss was negligible when it came to that much money. And $2 million was certainly nothing to Escobar. According to The New Zealand Herald, his son Juan Pablo told the Colombian magazine Don Juan in 2009 that Escobar once burned that amount to fuel a fire when his daughter complained that she was cold while the family was hiding from the authorities in a remote location.Of course, Escobars life of luxury couldnt last forever. The drug lord was killed on Dec. 2, 1993, when Colombian special forces tracked him down and exchanged fire with 44-year-old Escobar and his bodyguards. Escobar was shot in the head or, according to some theories, shot himself while trying to escape. More than 25,000 people attended Escobars funeral, a testament to both his power and his controversial heroic status among the locals he provided with financial aid. The Medelln Cartel crumbled without Escobar, and rival groups took over. In the decades since his death, Escobar has gone down in history as one of the worlds wealthiest and vicious drug lords. But the true net worth of Pablo Escobar remains somewhat of a mystery. Are all the stories of his riches true? Or are they part of the legend surrounding the powerful criminals life? After reading about the net worth of Pablo Escobar, discover how much money Al Capone was worth. Then, learn about Amado Carrillo Fuentes, the Mexican drug trafficker known as the Lord of the Skies.The post How Much Was Pablo Escobar Worth? The Startling Truth About The Colombian Drug Lords Wealth appeared first on All That's Interesting.
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