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Pablo Escobar Net Worth: How Much He Have at the Time His Death?
Pablo Emilio Escobar Gaviria was one of Colombia’s most notorious drug lords and terrorists. He was the founder and sole leader of the Medellin Cartel, which was one of the world’s most powerful drug trafficking groups at the time of his death in 1993. Pablo Escobar had a good amount of money.
In the 1980s and early 1990s, Escobar’s drug cartel controlled the cocaine trade in the United States. This made him the richest criminal in history. At the time of his death, Escobar’s estimated net worth was $30 billion, which is equivalent to $64 billion in 2021.
Early Years of Pablo Escobar’s
Pablo Emilio Escobar Gaviria was born on December 1, 1949, in Rionegro, Colombia. Escobar was the third of seven children. His parents, farmer Abel de Jesus Dari Escobar Echeverri and teacher Hilda de Los Dolores Gaviria Berrio, had him when he was three years old.
He grew up in Medellin, which is where he may have started doing bad things when he was a teenager. He is said to have sold fake diplomas and gravestones that were resold to local muggers. Escobar went to school for a short time at the Universidad Autonoma Latinoamericana, but he did not finish a degree.
In the early 1970s, Escobar and his partner, Oscar Benel Aguirre stepped up their criminal activities. They ran small scams and sold fake cigarettes and lottery tickets, among other things. During this time, he held a top executive from Medellin for ransom and got $100,000.
What Was Pablo Escobar’s Net Worth?
Pablo Escobar was a drug kingpin who was born in Colombia and had a peak net worth of $30 billion dollars. When he was alive, Pablo Escobar ran the Medellin Drug Cartel, which was one of the most notorious and violent drug cartels in history. At the time of his death, Pablo Escobar was worth $37 billion USD as per celebritynetworth.com/.
At its strongest, the Medellin cartel controlled 80% of the cocaine market around the world. Pablo and his cartel killed thousands, or even tens of thousands, of people along the way. Many of these people who were killed were just regular people.
Personal Life of Pablo Escobar’s
In March 1976, when he was 26 years old, Escobar married 15-year-old Maria Victoria Henao. Her family didn’t like the relationship, so the two of them ran away together.
They had a son named Juan Pablo, whose name was later changed to Sebastian Marroquin, and a daughter named Manuela. Pablo may have had more than one affair while he was married.
In 1975, Pablo started the big cocaine business called the Medellin Cartel. He used six helicopters and a Learjet, among other places, to move drugs between Colombia and Panama and across US borders.
Escobar would buy cocaine paste from Peru, clean it up in a lab, and then hide it in the tires of planes. A pilot could make up to $500,000 each time he or she sneaks drugs onto an airplane.
By the middle of the 1980s, the Medellin Cartel was in charge of 80% of the cocaine that was brought into the United States. This made $420 million a week for the group. The Cartel brought more than 15 tonnes of cocaine into the United States every day.
Pablo Escobar was one of the richest people in the world. He was worth $30 billion. At the height of his illegal career, he was a hero to the poor people of Medellin, but the U.S. and Colombian governments were looking for him.
He won over the people of Medellin by acting like a “superhero” and building sports fields, paying for kids’ football teams, and making homes. People kept an eye out for Pablo and lied to the police to help him get away.
Pablo Escobar’s Assets & Money Laundering
Pablo Escobar used the banking systems in the United States and Europe with the help of accountants. Pablo Escobar’s most common way to hide money is to deposit amounts less than $10,000 to avoid the Bank Secrecy Act (BSA) rules that require banks to report deposits over $10,000. Check out how much money Jordon Belfort has.
“Trade-based money laundering,” a method that Pablo Escobar turned into an art form, is one of the best ways to clean large amounts of cash. Pablo Escobar did this by buying clothes or electronics from a legal company in the United States that were easy to sell and then selling them for pesos on the other side of the border.