At the time of his passing, Pablo Escobar net worth was $37 billion dollars. Considered to be one of the most potent drug traffickers in history, Pablo Escobar.
According to American authorities, Pablo Escobar has cash on hand in various locations around Colombia totaling over $4 billion in US and Mexican currency.
He lived a super extravagant life, and his influence in the criminal world left a lasting impact. Escobar’s story is a wild ride through the world of organized crime, marking a dark chapter in history.
The majority of Pablo Escobar’s assets were seized by the Americans after his death, and his children received what was left.
Childhood and School Life
Pablo Escobar Gaviria was born on December 1st, 1949, in Rinegro, Colombia, to a cattle farmer and a schoolteacher.
Growing up in a middle-class community fueled by the cocaine and marijuana trade, Pablo was exposed to the influence of the drug trade and violence. His family moved to Envigado, a village near Medellin, to establish an elementary school.
Hermilda, a popular and respected member of the community, established the school. Pablo was a quick-witted and talented student, excelling in ball sports, particularly soccer.
His teachers were involved in social causes, particularly the struggle for class equality. By his early teens, Pablo was participating in street rallies and throwing rocks at the police.
Pablo Escobar Net Worth
Pablo Escobar net worth at the time of his death was $100 billion US dollars (85,000 crore Indian rupees adjusted for inflation today).
At his peak, Escobar was earning $5 million per day and was called the world’s richest person. Pablo Escobar was both a drug lord and a politician in Colombia.
Escobar launched the Medellin Cartel in 1976, which disseminated powder cocaine and built the first smuggling routes to the United States.
Pablo Escobar Net Worth Growth Timeline
|Pablo Escobar Net Worth 1980
|Pablo Escobar Net Worth 1985
|Pablo Escobar Net Worth 1990
|Pablo Escobar Net Worth 1994
Criminal Journey About Pablo Escobar
At sixteen, Pablo, a short and plump youth, dropped out of school and started a bicycle repair shop. He used the money to buy a Lambretta motorcycle and started stealing headstones from local cemeteries.
He then decided to make money through commercial business robbery, stealing headstones and reselling them. He would ride his motorbike to the target business, slip a balaclava over his head, and demand money before getting out.
After several successful robberies, Pablo recruited his cousin to join him. He then moved on to bigger and easier shingles, establishing contact with a Renault car dealer who provided him with keys to his sold cars and buyer addresses. Pablo would drive the cars away at the addresses.
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- $500 million was written off as “spoilage” each year.
- $2 million was spent to stay warm while on the run.
- Colombia was offered $10 billion in exchange for a full pardon.
- By 1987, he had personally earned $3 billion, which is almost $8 billion today.
- At one point, it supplied 80% of the world’s cocaine.
- Every day, 15 tons of cocaine were smuggled into the United States.
Coming into the Drug Trade
In the late 1970s, Pablo Escobar got into the drug trade, starting small and quickly rising in the criminal world.
Seeing the demand for cocaine in the U.S. grow, he formed the powerful Medellín Cartel. Escobar’s clever partnerships, new smuggling techniques, and ruthless actions made him a major player in the global drug scene.
His rapid ascent brought immense wealth but also unleashed violence and corruption. Escobar’s entry into the drug trade shaped a dark chapter in history, leaving a lasting impact on his infamous legacy.
Pablo’s success led to the murder of Restrepo, and he married Maria Victoria Helena Vellejo, who later became the head of the Medellin cocaine syndicate.
End of an Era
The hunt for Pablo Escobar resumed with the US and Colombian authorities joining forces with the vigilante group Los Pepes, which killed up to 300 people connected to Pablo and his organization.
After escaping La Catedral, Pablo was on the run, with most of his associates dead and his organization falling apart.
On December 2nd, 1993, a Colombian Search Bloc team tracked him down to his house in Los Olivos, Medellin. They broke down the door with a sledgehammer, and six members rushed into the house.
Pablo Escobar was so rich that during his escape from the police in 1982 when he and his family were stuck in a jungle and his daughter was feeling cold to make her feel warm he used up his 2 million dollars as a bonfire.
Pablo had hidden 500 billion dollars before his death. He has hidden it in pieces in some places in Colombia. Some are underground, some are in the walls, some are in some tunnels, and many more.
Till 2022 only 18 billion of 500 billion has been found and recovered. He left no trace of this money, it is believed that he used to kill the people he sent to hide the money to keep the location a secret.
FAQs About Palo Net Worth
Who is Pablo Escobar?
He was the world’s most successful drug trafficker, and he terrorized Columbia for almost 17 years
When did Pablo Escobar die?
On December 2nd, 1993, a Colombian Search Bloc team tracked him down to his house in Los Olivos, Medellin. The leader of the operation announced the killing, but Pablo had always promised to commit suicide if cornered, which many believe he did, once more escaping Colombian authorities.
Where was Pablo escobar born?
Pablo Emilio Escobar Gaviria was born on December 1st, 1949, in Rinegro, colombia.
Kevin Walker is an experienced writer who focuses on writing about people’s wealth. He knows a lot about how much famous people and businesses are worth. He’s good at researching and writing accurate and easy-to-understand information about their money and financial stories.