Pablo Escobar is regarded as one of the world’s wealthiest and most influential individuals. He was a drug lord who made astronomical sums of money every day. He was the leader of the Medellin Drug Cartel, one of the world’s most ruthless organizations. Many people are curious about Pablo Escobar’s money and where it was taken following his demise.
Drug selling and money laundering are some of the unlawful acts that some people engage in to get rich fast. However, it is a risky business because governments are always on the lookout for such individuals. Colombian drug lords have been fighting the government on a daily basis. The money that Pablo Escobar amassed from this trade is still being unearthed today.
Pablo Escobar’s money facts
Pablo Escobar was estimated to be worth $30 billion at the time of his murder in 1993. His cartel, the Medellin Drug Cartel, was extremely powerful, supplying roughly 80% of the cocaine in America at its peak. Every day, his cartel smuggled 15 tonnes of cocaine into the United States.
He was always on the run because the authorities were after him. He offered the Republic of Colombia $10 billion in exchange for a full pardon for his crime at one point.
He once burnt $2 million to stay warm on the run, and he wrote off $500 million in spoilage every year. The cartel made more than US$70 million per day at the height of its operations. His unlawful trading netted him almost $420 million per week.
What happened to Pablo Escobar’s money?
The Colombian government grabbed a major amount of the drug lord’s wealth after his death. The authorities also forced his relatives to sign up any liquid assets left behind. Additionally, the government seized funds linked to his close contacts.
Some of his money and possessions were also acquired by his rivals. The Cali cartel and Los PEPES demanded compensation for their role in deposing the boss. The family was forced to sign over any liquid assets left by the government by the two groups. The cartel members took the family’s properties and money.
The remaining money was also plundered by some of the drug lord’s cartel members for personal benefit. They wished to maintain financial stability following the death of their leader.
His close family survived on the money he left behind after he died. In the event of his death, the drug lord did not leave a specified sum of money for his children. Two of his siblings, Roberto and Alba Marina, did, however, have some access to his land.
Sebastian’s son Sebastian requested that his aunt Alba gather $60 million from a hidden location after the children ran out of money to live on. Alba returned and stated that there was very little money left. Sebastián said the money was stolen from him by his aunt.
He also alleged that his uncle Robert betrayed the family by writing a book that contained fraudulent claims for personal gain. The drug lord’s immediate family was forced to relocate due to security concerns. They eventually settled in Argentina, where they lived comfortably in the middle class.
What happened to Pablo Escobar’s houses?
The homes of the drug lords have been transformed into tourist attractions and a hotel, as seen below.
Hacienda Nápoles
Hacienda Nápoles, Escobar’s most well-known property, was located in Puerto Triunfo, Columbia. There was a Spanish colonial house, an airfield, a zoo, and a kart-racing track on the site.
He’d brought hippopotamuses back from Africa. They’ve since reproduced, and there’s still a herd of them on the farm. Hacienda Nápoles now serves as a theme park.
La Catedral
When the wealthy drug lord was apprehended and incarcerated, he bargained with the authorities to have his own prison built instead of going to one of the ordinary ones. In the prison he built, known as La Catedral, he lived like a king.
There was a bar, a disco space for wedding events, a jacuzzi, sauna, waterfall, and a billiards room on the site. He also kept a full-size playhouse for his daughter Manuela to play with when she came to visit.
Surprisingly, police officers were not permitted to approach his prison within a 12-mile radius. The property remained deserted after his death. However, a group of Benedictine monks converted it into a meditation center for anyone seeking a respite from the city.
La Manuela party mansion
La Manuela served as a getaway and a gathering place for the Escobar clan. During the five years it took to build the house, the family spent a lot of time there.
A substantial chunk of it was destroyed in 1993 by a rival cartel, nevertheless It’s now a popular tourist attraction spot.
Tulum house
Tulum, Mexico, was also the drug lord’s playground. Some time later, the property was also left unoccupied. Art collector and gallery owner Lio Malca purchased it in 2012.
Casa Malca is the name of Malca’s boutique hotel. His art collection is shown in the hotel.
Isla Grande house
On the Caribbean island of Island Grande, the drug lord also had a magnificent home. The property has a swimming pool, a helipad, and separate residences.
His cartel members were rumored to have taken up residence in the different apartments. The house has fallen into disrepair, and it’s currently vacant. There are wild creatures living in the partially demolished structure.
Miami house
The drug lord had a 6,500-square-foot Miami Beach estate when he died. Among the home’s four bedrooms were two master suites.
In spite of this, the American government seized the land while he was still living and sold it to a different owner. When the house’s new owner, Christian de Berdouare, purchased it in 2016, he decided to demolish it and build a new one that better fit his requirements.
Finding a metal safe during deconstruction, de Berdouare discovered it. Under the floor, he discovered a second safe, which had been burglarized. In a bank vault, the first one has not been unlocked.
Was Pablo Escobar’s money found on a farm?
As he dug trenches for irrigation on his family estate in 2015, 65-year-old Jose Mariena Cartolos discovered $600,000,000 hidden in many large blue barrels. The drug lord’s fortune was thought to be the source of the money.
After Cartolos handed up the money, the authorities got it back. The Colombian government rewarded him with a $3,000 stipend for turning up the cash.
Is there still money from Pablo Escobar?
For years, drug lords were known for stashing large sums of money in secret places like the walls, floors, and ceilings. While on the run, he deposited money into an account that is still being tracked down.
In the year 2020, reports surfaced that Pablo Escobar’s money had been discovered hidden under a wall of one of his residences. That’s how much his nephew said he found, and he claimed a vision informed him just where to find it:
“Every time I sat in the dining room and looked towards the car park, I saw a man entering the place and disappearing…The smell was astonishing. A smell 100 times worse than something that had died.”
However, some of the notes had already been destroyed and rendered ineffective. It wasn’t the first time he had found money in the house he had been living in for five years, he explained. As well as the typewriter, he had also discovered a gold pen and an undeveloped film roll.
Finding Escobar’s Millions – the TV show
Finding Escobar’s Millions premiered on television in November 2017. The goal of the show was to track down any residual funds the drug lord may have stashed away.
They traveled to Colombia to find the millions of money he had hidden there. A modern technology was employed to find any hidden money.
How rich was Pablo Escobar?
He was worth perhaps about $30 billion when he died. He had made his fortune by selling illegal drugs.
How did Escobar die?
In 1993, Colombian cops fatally shot the cocaine boss. Following the discovery of his refuge by the police, who had been looking for him for a long time.
Did Pablo Escobar leave any family members behind?
He had two children with Maria Victoria Henao, his wife and drug lord partner. Son Juan Marroquin and daughter Manuela changed their last names to honor their father’s memory.
Which drug did Pablo sell?
C*caine was the primary medication of choice for the drug trafficker. About 80 percent of the cocaine in the United States was supplied by his cartel at one time.
How much money did Pablo Escobar spend on rubber bands?
Rubber bands cost the drug lord roughly $2500 a week because he made so much money each week. Roberto, Roberto’s brother, made the discovery.
How much money did Pablo Escobar lose to rats?
Approximately 10% of his money, or $2.1 billion, was apparently lost to rats or destroyed by the environment, according to Roberto, his brother.
Pablo Escobar’s fortune was estimated at $30 billion at the time of his death. He became wealthy through the drug trade. After his death, the authorities, members of the Medellin Cartel, and his rivals seized most of the money.
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