Pablo Escobar Net Worth

What Is Pablo Escobar Worth?

Pablo Escobar's Net Worth is $30 billion

1970-1982

Pablo entered the drug trade in the 1970s and developed his cocaine operation in 1975. He himself used to fly a plane between Colombia and Panama for smuggling the drug to the U.S.

In 1975, after he returned to Medellin from Ecuador with a heavy load, he was arrested along with his men. Thirty-nine pounds of white paste was found in their possession. He failed in an attempt to bribe the judges of his case and later killed the two arresting officers resulting in dropping of his case. Soon he started applying his tactics of either bribing or killing to deal with the authorities.

Earlier, he used to smuggle cocaine in old tyres of planes and a pilot would receive $500,000 per flight. Later when its demand in the U.S. escalated, he arranged for additional shipments and alternative routes and networks including California and South Florida.

In collaboration with Carlos Lehder he developed Norman’s Clay in the Bahamas as the new island trans-shipment point. Between 1978 and 1982, this point remained the main route of smuggling for the Medellin Cartel’.
He shelled out several million dollars and purchased 7.7 square miles of land which includes his estate ‘Hacienda Napoles’.

The mid-1980s saw him at the peak of his power smuggling about 11 tons of cocaine per flight to the U.S. According to Roberto Escobar, Pablo Escobar also employed two remote controlled submarines to smuggle cocaine.

In 1982, the ‘Colombian Liberal Party’ elected him to the ‘Chamber of Representatives of Colombia’ as an alternate member. He represented the Colombian government officially at the swearing ceremony of Felipe Gonzalez in Spain.
Another allegation against Escobar was that he backed the left-wing guerrillas of the ‘19th April Movement’ (M-19) who stormed the Colombian Supreme Court in 1985. Many of the judges on the court were murdered and files and papers were destroyed at a time when the court was considering Colombia’s extradition treaty with the United States The treaty would have allowed the country to extradite drug lords to the United States for prosecution.

As his network expanded and gained notoriety, he became infamous worldwide. By that time the ‘Medellin Cartel’ controlled a major portion of drug trafficking covering the United States, Spain, Mexico, Dominic Republic, Venezuela, Puerto Rico and other countries of Europe and America. Rumours that his network reached Asia were also doing the rounds.

His policy to deal with the Colombian system that encompassed intimidation and corruption was referred as ‘plata o plomo’. Though literally it means ‘silver or lead’ in his dictionary, it meant either accept ‘money’ or face ‘bullets’. His criminal activities included killings of hundreds of state officials, civilians and policemen and bribing politicians, judges and government officials.

1989-1991
By 1989 his ‘Medellin Cartel’ was in control of 80% of cocaine market in the world. It was generally believed that he was the chief financier of the Colombian football team ‘Medellín’s Atlético Nacional’. He was also credited for developing multi-sports courts, football fields and aiding children’s football team.

Although he was considered an enemy of the Colombian government and the U.S., he was successful in creating goodwill among the poor people. He was instrumental in building schools, churches and hospitals in western Colombia and also donated money for housing projects of the poor. He was quite popular in the local Roman Catholic Church and the locals of Medellin often helped and protected him including hiding him from authorities.

His empire became so powerful that other drug smugglers gave away 20% to 35% of their profit to him for smooth shipment of their cocaine to the U.S.

In 1989, he was accused of getting Luis Carlos Galan, a Colombian presidential candidate, assassinated. He was also accused of the bombings at the ‘DAS Building’ in Bogota and at the Avianca Flight 203.

After the murder of Luis Carlos Galan the Cesar Gavitis led administration acted against him. The government negotiated with him to surrender on condition of a lesser sentence along with favourable treatment during his imprisonment.

In 1991, he surrendered to the Colombian government and was kept in La Catedral that was converted into a private luxurious prison. Before he surrendered the newly approved Colombian Constitution prohibited extradition of Colombian citizens which was suspected to be influenced by Escobar and other drug mafias.

1992
On July, 1992, after finding that Escobar was operating his criminal activities from La Catedral, the government tried to shift him to a more conventional jail. However, he came to know of such plan through his influence and made a timely escape.

The U.S. ‘Joint Special Operations Command’ and ‘Centra Spike’ jointly started hunting him in 1992. ‘Search Bloc’ a special Colombian task force was trained by them for this purpose.

The ‘Los Pepes’ (Los Perseguidos por Pablo Escobar, “People Persecuted by Pablo Escobar”) a vigilante group aided by rivals and former associates of Pablo Escobar executed a bloody carnage. This resulted in killing of around 300 relatives and associates of Escobar and destruction of huge amount of property of his cartel.

Co-ordination among ‘Search Bloc’, the Colombian and U.S. intelligence agencies and ‘Los Pepes’ through intelligence sharing so that ‘Los Pepes’ to bring down Escobar and his remaining few allies.

Pablo Escobar Biography

Pablo Emilio Escobar Gaviria often referred as the ‘King of coke’ was a notorious Colombian drug lord. He was considered as the most flagrant, influential and wealthiest criminal in the history of cocaine trafficking. The ‘Medellin Cartel’ was formed by him in collaboration with other criminals to ship cocaine to the American market.

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