How did Pablo Escobar make so much money?
Dubbed “the king of cocaine”, Escobar is the wealthiest criminal in history, having amassed an estimated net worth of US$30 billion by the time of his death—equivalent to $70 billion as of 2022—while his drug cartel monopolized the cocaine trade into the United States in the 1980s and early 1990s.
What did Pablo Escobar spend $2500 a month on?
With a lot of money comes a lot of rubber bands, according to Pablo’s brother Roberto. He confirmed the myth that Escobar and his cronies spent $2,500 every month on rubber bands just to hold all of their drug money together. The amount we’ve spent on rubber bands to keep our legally-earned money together – $0.
Who is the most famous money launderer?
Al Capone. Credited by some with inventing the term money laundering by literally purchasing Laundromats to funnel his mob profits through, Chicago gangster Al Capone is perhaps the most famous money launderer in American history.