Pablo Escobar was a Colombian drug lord who amassed a fortune through the cocaine trade. He was the head of the Medellin cartel and was responsible for the majority of the cocaine that was smuggled into the United States in the 1980s. Escobar was killed in a shootout with Colombian security forces in 1993.
In this blog, Fidlar will review Pablo Escobar net worth.
What was Pablo Escobar’s net worth?
Pablo Escobar Overview
On December 1, 1949, Pablo Emilio Escobar Gaviria was born in Rionegro, Colombia.
Pablo started the Medellin Cartel, a sizable cocaine enterprise, in 1975. He had approximately twenty aircraft, including a Learjet and six helicopters, which he used to transport drugs across the United States and between Colombia and Panama. Escobar would purchase cocaine paste in Peru, refine it in a lab, and then smuggle it into the tires of aircraft.
For smuggling the drugs, a pilot may earn up to $500,000 USD per flight. The Medellin Cartel controlled 80% of the cocaine smuggled into the United States by the middle of the 1980s, making over $420 million per week off of the huge demand for cocaine there. Over 15 tons were smuggled in each day by the cartel.
Escobar was one of the ten richest persons in the world and already had a net worth of $30 billion. The underprivileged people of Medellin viewed him as a hero at the height of his illicit career, but the U.S. and Colombian governments were now actively looking for him. By portraying himself as a “superhero,” he was able to gain the support of the people of Medellin by constructing houses, supporting youth football teams, and establishing sports grounds. By acting as lookouts and lying to the police, many citizens assisted Pablo in avoiding capture.
Eventually, Pablo’s celebrity led to a reign of terror in his own Colombia. Escobar was elected to Colombia’s Congress in 1982, but he was unable to conceal his incredible fortune or the cause of it. Two years later, he was made to resign, and the judge who had uncovered his past was later assassinated.
In his rage toward his political rivals after learning his dream of becoming Colombia’s president would not come true, Pablo Escobar murdered hundreds of politicians, journalists, public officials, and numerous innocent bystanders.
On the roof of an apartment building, he was shot and died in 1993. Escobar’s funeral was attended by about 25,000 people in Medellin, although his passing was largely welcomed by both his own Colombia and the rest of the world.
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Did Escobar run out of money?
Despite his best efforts, Escobar was unable to spend the entire amount of money; much of it was kept in fields and warehouses. His brother claimed that every year, 10%, or $2.1 billion, was lost due to being eaten by rats or destroyed by the environment. Sometimes it was just misplaced.
What percentage of Pablo Escobar’s funds are missing?
Drug lord Pablo Escobar’s nephew claimed to have discovered $25 million in cash concealed in the wall of one of the notorious felon’s residences.
At his height, how wealthy was Pablo Escobar?
In the 1980s, Pablo Escobar controlled the world’s cocaine trade. His net worth has been put at up to $30 billion. He had more money than he could possibly use.
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Escobar’s net worth was estimated to be around $30 billion at the time of his death. This makes him one of the wealthiest people in history. His wealth was primarily derived from his involvement in the cocaine trade, which made him one of the most successful drug lords in history. Thank you for reading!