Pablo Escobar Net Worth: How Much Did Escobar Earn A Year?

Pablo Escobar Net Worth: Pablo Emilio Escobar Gaviria was a feared drug lord from Colombia who went by the moniker “King of coke.” When it came to cocaine trafficking, he was widely regarded as the most blatant, influential, and wealthy criminal ever.

He and several other crooks set up shop and called themselves the ‘Medellin Cartel,’ and they shipped tonnes of cocaine across the Atlantic to the United States. During the 1970s and 1980s, Pablo Escobar and the ‘Medellin Cartel’ shipped more than 80% of the cocaine smuggled into the United States.

He made billions of dollars and was reportedly worth $30 billion in the early 1990s. When all of the cash hidden in secret locations across the country is counted, the total is estimated to be approximately $100 billion.

Forbes ranked him as the world’s seventh-wealthiest individual in 1989. With the money he had made, he lived a lavish lifestyle. He owned 400 mansions around the world, as well as private jets and a zoo full of exotic animals.

A group of professional criminals and soldiers were also at his disposal. Even though he amassed his fortune through murder and other criminal activity, he was well-known as a patron of soccer teams and other charitable endeavors.

Pablo Escobar Net Worth
Pablo Escobar Net Worth

Pablo Escobar Early Life

On December 1, 1949, Pablo Escobar was born to Abel de Jess Dari Escobar and Hermilda Gaviria in Rionegro, Colombia. He was their third of seven children. Both of his parents worked hard to provide for their family; he inherited the farming lifestyle from his father.

In his teenage years, he began his career as a street thief in Medellin by stealing gravestones and then sanding and selling them to drug traffickers. On the other hand, Roberto Escobar, his brother, stated that a relative of theirs worked in the monument industry and that the stones came from the owners of cemeteries whose clients had not paid for site care.

He attended the “University Autónoma Latinoamericana of Medelln” for a while.
He’d wanted to be a millionaire by the time he turned 22 since he was a kid. Together with Oscar Bernal Aguirre, he engaged in a range of criminal operations, including the forgery and sale of lottery tickets, the theft of vehicles, the distribution of illegal cigarettes, and other minor street scams.

In the early 1970s, he turned to a life of crime as a bodyguard and robber, kidnapping a Medellin executive to make a quick $100,000. He advanced in the criminal world by teaming up with contraband smuggler Alvaro Prieto. You may also read Johnny Knoxville’s Net Worth

Pablo Escobar Criminal Career

Roberto Escobar, Pablo Escobar’s brother, wrote about his brother’s rise from obscurity to prominence as one of the world’s wealthiest people in his book “The Accountant’s Story: Inside the Violent World of the Medelln Cartel.”

Roberto Escobar was Pablo Escobar’s former accountant and used to keep track of the drug lord’s earnings. At the height of the “Medellin Cartel’s” operations, when it was smuggling 15 tonnes of cocaine per day into the U.S. at a value of over $500 million, Pablo and his brother spent $1,000 a week on rubber bands. Every year, rodents spoiled about 10% of the money housed in their warehouses.

The year 1975 marked the beginning of Pablo Escobar’s cocaine enterprise, which he had begun in the 1970s. In the past, he had even flown the plane that transported the narcotic from Colombia to Panama and onward to the United States.

A group of his guys and him were caught in 1975 when he brought a large quantity back to Medellin from Ecuador. A total of 39 kg of white paste was discovered in their possession. After killing the two officers who arrested him and failing to bribe the judges, his case was dismissed. Soon he began using his usual methods of bribery and murder in dealing with law enforcement.

Before, he paid pilots $500,000 for each flight they took while smuggling cocaine in old airplane tires. Later, when demand increased in the United States, he made plans for more shipments and different routes and networks, such as those in California and South Florida.

His work with Carlos Lehder resulted in the creation of the new island trans-shipment terminal of Norman’s Clay in the Bahamas. This location was crucial to the Medellin Cartel’s smuggling operations between 1978 and 1982.

He spent many million dollars to acquire 7.7 square miles of the property, which he named “Hacienda Napoles” for his estate. In the mid-1980s, when he was at the height of his influence, he was able to smuggle 11 tonnes of cocaine onto each trip to the United States. Roberto Escobar claims that his brother Pablo used two submarines controlled by remote control to carry cocaine.

After serving as an alternate in the Colombian Chamber of Representatives since 1982, he was elected to that position by the liberal party in Colombia. At Felipe Gonzalez’s inauguration in Spain, he attended as a representative of the Colombian government.

Escobar was also accused of supporting the 1985 M-19 insurgency against the Colombian Supreme Court, in which left-wing militants assaulted the building. When the court was debating whether or not to approve an extradition pact between Colombia and the United States, many of its judges were killed, and many of its files and papers were destroyed. This country would have been able to extradite drug lords to the United States for trial if the treaty had been ratified.

His reputation spread like wildfire as his network grew in size and influence. Before long, the ‘Medellin Cartel’ had become the dominant drug trafficking organization in the Americas, Europe, and the Caribbean. Its reach extended from the United States to Spain, Mexico, the Dominican Republic, Venezuela, Puerto Rico, and other locations. Also circulating were rumors that his network extended all the way to Asia.

His approach to the intimidating and corrupt Colombian system was known as “Plata o plomo.” He meant that they could take the money and run, or they could accept the money and risk being shot at. He bribed politicians, judges, and government officials and was responsible for the deaths of hundreds of state officials, citizens, and police officers.

In 1989, his “Medellin Cartel” controlled 80 percent of the global cocaine market. It was widely assumed that he was the team’s primary financial backer when they played as “Medelln’s Atlético Nacional” in Colombian football. He was also recognized for his work in the creation of multi-sport courts and football fields, as well as his support of youth football teams.

Even though the Colombian government and the United States saw him as an enemy, he was able to win the support of the impoverished. He contributed significantly to the development of western Colombia, helping to finance the construction of several schools, churches, and hospitals as well as numerous initiatives to improve the living conditions of the region’s impoverished.

A respected member of the Roman Catholic community, individuals in Medellin frequently went to bat for him and even concealed him from the law when necessary. When his drug enterprise expanded to the point where other traffickers trusted him with their cocaine deliveries, they tipped him between 20% and 35% of their earnings.

During the 1989 election season in Colombia, he was accused of orchestrating the murder of presidential contender Luis Carlos Galan. It was also speculated that he was responsible for the bombing of Avianca Flight 203 and the ‘DAS Building’ in Bogota.

Cesar Gavitis’s government took action against him after Luis Carlos Galan was murdered. The authorities enticed him to turn themselves in by promising a reduced sentence and better care behind bars.

After turning himself into the Colombian government in 1991, he was imprisoned in La Catedral, which had been turned into a private, opulent prison. The newly ratified Colombian Constitution, which was thought to have been influenced by Escobar and other drug mafias, forbade extradition of Colombian people, which was the last thing he did before he turned himself in.

In July 1992, authorities discovered that Pablo Escobar was running his criminal operations out of La Catedral and attempted to transfer him to a more traditional prison. On the other hand, he learned of the plot thanks to his influence and managed to get out in time.

In 1992, the United States “Joint Special Operations Command” and “Centra Spike” began their joint hunt for him. They prepared a special Colombian task group called “Search Bloc” for this mission.

A vigilante group called ‘Los Pepes’ (Los Perseguidos for Pablo Escobar, “People Persecuted by Pablo Escobar”), with help from Pablo Escobar’s enemies and ex-confederates, committed a horrific act of violence. As a result, many of Escobar’s loved ones and allies were killed, and much of his cartel’s assets were destroyed.

In order to bring down Escobar and his remaining few accomplices, “Search Bloc,” the Colombian and U.S. intelligence agencies, and “Los Pepes” coordinated intelligence sharing.

Pablo Escobar Personal Life

In March of 1976, Pablo Escobar tied the knot with Maria Victoria. Both Juan, now known as Juan Sebastián Marroquin Santos, and Manuela Escobar are the offspring of this union.

On December 2, 1993, the “Colombian National Police” finally tracked him down after a fifteen-month manhunt led by “Search Bloc,” the Colombian and U.S. intelligence services, and the “Los Pepes.” Even though Escobar’s family is convinced he killed himself with a gun to the head, the killer has yet to be identified.

Pablo Escobar Net Worth
Pablo Escobar Net Worth

Most of the underprivileged population of Medellin, whom he had helped tremendously, were among the approximately 25,000 mourners who attended his funeral. The ‘Cemetario Jardins Montesacro’ in Itagui is the final resting place for him.

Pablo Escobar Net Worth

Pablo Escobar, a cocaine lord from Colombia, amassed a fortune of $30 billion at his peak. The Medellin Drug Cartel, which Pablo Escobar oversaw while he was still alive, was one of the most notorious and ruthless in the history of the drug trade. At its height, the cartel based in Medellin, Colombia, controlled 80% of the global cocaine market.

Pablo and his cartel committed hundreds, if not tens of thousands, of killings throughout the course of their criminal career. A large number of the victims were unrelated to the criminal element.

Revenue for Escobar’s cartel peaked at about $420 million per week in the mid-1980s, amounting to nearly $22 billion annually. From 1987 through 1993, Escobar spent 7 consecutive years on Forbes’ list of the world’s billionaires.

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