Pablo Escobar Net Worth: How He Built Billion Dollar Drug Empire?

Colombian drug lord, Pablo Escobar’s Net Worth was estimated at $100 Billion at the time of his death. Pablo Escobar is considered one of the most powerful drug traffickers in the world. According to US authorities, Pablo Escobar has cash reserves of over $4 billion million in US and Mexican currency deposited in various parts of Colombia. After Pablo Escobar’s death, most of his assets were confiscated by the Americans and whatever was left was inherited by his children.

The infamous Colombian drug mafia Pablo Escobar amassed wealth of unimaginable proportions during his reign. Although exact statistics are still unclear due to the nature of his illegal activities, it is estimated that his maximum net worth adjusted for inflation is $100 billion. You may also like Kimora Lee Simmons Net Worth.

How much was Pablo Escobar’s Net Worth?

Colombian drug lord, Pablo Escobar’s Net Worth was around $100 billion. Pablo Escobar is considered to have been one of the most powerful drug traffickers in the world. Despite the difficulty in pinning down an exact figure, there’s no doubt that Pablo Escobar was one of the wealthiest criminals in history.

Pablo Escobar Highest Net Worth

At the height of his empire in the late 1980s, Pablo Escobar’s net worth exceeded $100 Billion, making him one of the richest persons in Colombia and South America. During this period, Pablo Escobar had over $10 billion worth of drugs (Over 40 tonnes) stockpiled ready to be shipped to Mexico, and then to the United States. Must Read Shivon Zilis’s Net Worth.

Pablo Escobar Cash

Cash from the United States was pouring into Pablo Escobar’s hands daily. It is estimated that Pablo Escobar received over $50 million in cash each day through his drug sales. Such a huge cash pile is too big to be laundered, so Pablo Escobar started buying safe houses to store this cash.

Key Facts about Pablo Escobar’s Net Worth

• When Pablo Escobar started his career, his salary was 3 dollars daily.
• Pablo Escobar has breached the $1 million net worth figure in 1984.
• By 1990, Pablo Escobar’s net worth exceeded $30 billion.
• Pablo Escobar’s net worth at the time of his death was 4 Billion Dollars.
• The remainder of Pablo Escobar’s wealth has been equally distributed among his children and confidants after his death.

Pablo Escobar Assets and Money Laundering

Pablo Escobar worked with accountants to exploit the banking systems in the United States and Europe. Of all Pablo Escobar’s laundering methods, depositing amounts smaller than $10,000 to avoid the Bank Secrecy Act (BSA) reporting regulations is the most popular.

One of the most effective ways to clean large amounts of cash is through what is known as “trade-based money laundering,” a technique Pablo Escobar developed into an art form. Pablo Escobar did this by buying easily sold items such as clothes or electronics from a legitimate company in the United States and then selling the items on the other side of the border for pesos. You can also check Robert Iger’s Net Worth.

Pablo Escobar Net Worth Growth Rate

How did Pablo Escobar launder money?

Money laundering takes place in three stages. Placement is the initial stage. Here, Pablo Escobar introduced the illicit proceeds or financial assets from their deals to a legal financial institution. Pablo Escobar also traded stocks in a foreign market to cover the money trail. Escobar hired a veritable army of people to deposit small amounts of cash in banks nationwide, in large and small cities.

Mr. Escobar hired teams of computing specialists to hack into data networks and savvy, talented attorneys to help them skirt the legal system. Once Pablo Escobar’s illegal money is deposited in a U.S. bank, it is much easier to transfer and hide behind the smokescreen of a legitimate business enterprise. Also, check Twista’s Net Worth.

Pablo Escobar’s Early Life

Pablo Escobar was born in 1949 as the son of a teacher and a peasant. He began his criminal career by stealing tombstones that he sold to smugglers from Panama. Pablo Escobar collaborated with five or six other illegal entrepreneurs from the Medellín area on a partnership basis.

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