How rich was Pablo Escobar? What was his net worth? You may be surprised to find out! If you’re curious about what Pablo Escobar’s net worth might be in 2021, read on to learn more about the notorious drug kingpin.
Pablo Emilio Escobar Gaviria (December 1, 1949 – December 2, 1993) was a Colombian drug lord and narco-terrorist. Nicknamed The King of Cocaine, he is known for building a vast drug empire that supplied an estimated 80% of the cocaine smuggled into United States at its peak in 1991. He had a net worth of $30 billion by 1992, making him one of the richest men in history. The US called him the most powerful drug trafficker in history. Additionally, Forbes magazine named him as one of his Top 10 richest people along with other billionaires such as Bill Gates and Warren Buffett when he died on December 2, 1993 due to injuries sustained from an assault on his fortified compound in Medellín.
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Pablo Emilio Escobar Gaviria started out as a teenager selling contraband cigarettes and stealing cars, which eventually grew into drug dealing. His methods grew more ruthless as he fought against competition; by 1976, he had begun hiring and killing people. He became known as The King of Cocaine, with Forbes Magazine listing him among The World’s Billionaires from 1987 until 1993, when he was removed from their list for failing to be forthright about his wealth. In 1989, his Medellin Cartel brought in an estimated $420 million in revenue from cocaine sales alone—and that was just a portion of what they made over his lifetime, making him one of history’s wealthiest criminals.
Rise to Power
Pablo rose to power in South America during 1982, when he took over his cartel, The Medellin Cartel. At its peak, Pablo Escobar’s drug cartel was selling around 80% of all cocaine in America and had a net worth of $30 billion by 1989. By 1993, it was estimated that around 80% of all drug-trafficking flights leaving South America landed in Colombia and that 50 tons of pure cocaine were shipped from Colombia to Miami every month. All that money made Pablo one of the richest men in history. He had been on Forbes’ list at one point with an estimated worth of $25 billion but died just one year later in 1993 when he was gunned down by Colombian national police officers.
Fall From Grace
How Much is Pablo Escobar Worth Now? After his death, his assets were confiscated by various government agencies and groups. As a result, it’s difficult to estimate how much money was left behind. However, in 2011 Forbes magazine attempted to calculate how much money he had left and they ended up with $1 billion in cash and assets.
Other Sources Income
Drug lord Pablo Escobar was one of the wealthiest criminals in history, thanks to a conglomerate of businesses from his own Medellín Cartel. When he died in 1993, his estimated net worth was $30 billion. But how much is that actually worth today? The inflation calculator on Federal Reserve Bank of Minneapolis’ website shows that $30 billion in 1993 is equal to roughly $66 billion today. Although there are no reliable records as to how many billions are still unaccounted for, it’s safe to say that whatever remains (if anything) would certainly put him near Forbes’ current list of billionaires—and among them, where he once belonged: The 1%. How Does Drug Money Influence Modern Society?
Total Net Worth
$8 Billion in 2020, $10 Billion in 2022, and $11 Billion in 2024.
Last Updated on December 26, 2021
Andrew Smith is a professional News researcher and writer. He has been writing latest tending news articles for various news agencies.