Pablo Escobar Net Worth: Journey of His Wealth from Bottom to Top!
When at the height of his power, Pablo Escobar, a Colombian native and drug lord, was worth an estimated $30 billion, he was one of the wealthiest people in history. In his lifetime, Pablo Escobar oversaw the operations of the Medellin Drug Cartel, which became known as one of the most notorious and deadly in the industry’s history. The Medellin cartel controlled 80% of the global cocaine market when it was at its height of strength. Throughout their reign of terror, Pablo and his cartel were responsible for thousands, if not tens of thousands, of deaths. Innocent bystanders accounted for many of the victims.
Early Life & Career
Pablo Escobar was born in 1949 to a teacher mother and a farmer father. To begin his criminal career, Pablo Escobar stole tombstones from cemeteries and sold them to Panamanian drug traffickers. On a partnership basis, Pablo Escobar worked with five or six other local Medelln-are criminals.
Pablo Escobar, who lived from 1 December 1949 to 2 December 1993, was a drug lord and narcoterrorist who created and ruled over the Medelln Cartel in Colombia. During the 1980s and 1990s, Escobar and his drug cartel controlled virtually all of the cocaine trade in the United States, earning him the nickname “the king of cocaine” and making him the wealthiest criminal in history with an estimated net worth of US$30 billion at the time of his death, equivalent to $64 billion as of 2021.
Pablo Escobar was born in Rionegro and raised in Medelln. He attended the Universidad Autónoma Latinoamericana of Medelln for a brief period before dropping out and turning to a life of crime, including the sale of illegal cigarettes, counterfeit lottery tickets, and the theft of motor vehicles. Starting in the early 1970s, he did kidnapping and ransom labor for a number of different drug smugglers.
In 1976, Pablo Escobar built the first smuggling routes into the United States and began distributing powder cocaine through his Medelln Cartel. As a result of Escobar’s penetration into the American market, demand for cocaine skyrocketed, and by the 1980s, it was claimed that Escobar personally oversaw the importation of 70 to 80 tonnes of cocaine per month from Colombia.
|Net Worth:||$30 Billion|
|Date of Birth:||Dec 1, 1949 – Dec 2, 1993 (44 years old)|
|Height:||5 ft 5 in (1.66 m)|
As a result, he became one of the wealthiest persons on the planet very rapidly, but his ongoing wars with rival cartels at home and abroad resulted in massacres and the deaths of police officers, judges, townspeople, and influential politicians, turning Colombia into the murder capital of the planet.
In Colombia’s 1982 parliamentary election, Pablo Escobar ran as a Liberal Alternative candidate and was elected as an alternate member of the Chamber of Representatives. It was because of this that he became well-liked by the residents of the places he visited, as he was the one in charge of community initiatives like building houses and football fields.
Pablo Escobar had political aspirations, but the Colombian and American governments frequently pressed for his arrest, leading many to assume that he was behind the bombings of the DAS Building and Avianca Flight 203 as vengeance.
Escobar, then 26 years old, wed Maria Victoria Henao, when 15 years old, in March 1976. The couple had to elope in secret because her parents disapproved of the relationship.
They had a boy named Juan Pablo (now known as Sebastian Marroquin) and a daughter named Manuela. It has been said that Pablo had several extramarital encounters during their union.
Numerous media depictions of Pablo Escobar’s life and cocaine trafficking exploits abound. Perhaps most significantly, in August of 2015, Netflix premiered Narcos, a series that details the manhunt for Escobar.
Many big-budget movies were released in theatres in 2001, including Blow, Escobar, and American Made. When Pablo died in 2005, he left behind four hippos; by 2007, he had 16. Cocaine Hippos is the name of a documentary about them made by National Geographic.
How did Pablo Escobar’s fortune disappear?
U.S. officials have taken possession of Pablo Escobar’s fortune, which includes $2 billion stashed in banks all across the world.
How did Pablo Escobar amass such a fortune?
Pablo Escobar is the wealthiest drug lord in history, thanks to monthly shipments of nearly $1 billion worth of cocaine into the United States.
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