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.
