According to Forbes, the Sinaloa Drug Cartel, which operated under the reign of Guzman, continues to generate an annual income of $3 billion through its unrecorded and illegal drug trade. Joaquin Guzman, also known as El Chapo, was the former leader of this Mexican drug lord organization. It is estimated that El Chapo’s net worth will reach $1 billion by April 2023.
El Chapo’s Net Worth Growth Rate
El Chapo Net Worth Peak
In Sinaloa, El Chapo accumulated more than 15 billion dollars in drugs (over 60 tonnes) from different warehouses, prepared for shipment to the United States. Moreover, throughout this timeframe, El Chapo’s total assets surpassed 26 billion dollars, positioning him among the Top-20 wealthiest individuals globally.
On Friday, Guzmán entered a plea of innocence to accusations of operating a multi-billion-dollar narcotics kingdom in federal court in Brooklyn. In Mexico, Guzmán managed to evade prison on two occasions. At present, he is awaiting his trial in a high-security prison located in lower Manhattan.
El Chapo | Lifestyle
They grew marijuana and opium to earn extra money, just like other families in the area. Joaquin Guzman, also known as “El Chapo,” was born in La Tuna, Badiraguato Municipality, Sinaloa, Mexico, on April 4, 1957. He was raised by his mother Maria and his farmer father Emilio. El Chapo’s net worth is estimated to be a staggering $1 billion as of April 2023.
Organized criminal activity led him to his uncle, who was involved in drug trafficking. After residing with his grandmother for a brief period, his family disowned him. Subjected to mistreatment, El Chapo left school during the third grade to join his father’s workforce. While incarcerated, one of his fellow inmates killed Guzman’s brother, Arturo.
Furthermore, Griselda Perez Lopez and he were married, and they had four children together. In 1977, Maria Alejandrina Hernandez Salazar married El Chapo, before they divorced, and they had at least three children together. However, Guzman has been married a few times, and even some of his abductees were his wives at times.
In 2007, Guzman wedded Emma Coronel Aispuro, an 18-year-old American beauty queen. Jointly, they had twin daughters, Guadalupe and Maria Joaquina, four years later. El Chapo’s son, Edgar, was murdered in 2008. Additionally, his son opted to emulate his father and establish a narcotics kingdom.
El Chapo’s Assets & Money Laundering
Early next year, Gan Xianbing, a Chinese entrepreneur, will be sentenced by the court in Chicago for his involvement in laundering slightly more than $10 Million of El Chapo’s illicit funds.
The Police charged Guzmán with bribery and drug trafficking. Therefore, Guzmán received a sentence of nine months in prison and 20 years. However, he began serving his sentence at the Federal Social Readaptation Center. Moreover, the police took him to the Federal Social Readaptation Center, where he spent 23 hours per day in solitary confinement.
In July 2015, Guzmán broke free from jail once more, this time using an underground passage in the bathing section. Guzmán confronted multiple accusations, such as abduction, homicide, and illicit money transactions. In July 2019, he received a lifelong imprisonment sentence in addition to 30 years for the illicit trade of drugs.
Highlights of El Chapo’s Net Worth
Following his apprehension, El Chapo’s fortune will be distributed equally among his offspring. El Chapo’s monetary value at the moment of his capture amounted to 19 billion dollars. By 2005, El Chapo’s wealth had surpassed the one billion dollar mark. Furthermore, El Chapo reached a net worth of over one million dollars in 1992. El Chapo initiated his career earning a humble wage of 2 dollars per day.
His peak net value reached over $26 billion during the pinnacle of his empire from 2005 to 2011.
El Chapo | Houses, & Cars
In 2019, a considerable number of them were sold by the Government. Additionally, Guzman possesses numerous luxury houses, vehicles, yachts, and other costly possessions. El Chapo’s total assets amount to a staggering $1 billion, making him one of the most notorious narcotics kingpins globally.
Three out of his six residences, valued at a minimum of $1 million, were renovated and distributed through a national lottery arranged by the Mexican Government, and they were sold for a mere $227,960. One of these properties happened to be his house in Culiacan.
El Chapo Cash
In the annual list of billionaires by Forbes magazine, he was named four times, showcasing his immense fortune. He possessed a private zoo with panthers, crocodiles, and tigers, as well as a fleet of Learjets. At one point, he owned a pair of yachts. Moreover, he made a significant amount of money by selling drugs. He was better known as El Chapo or Joaquín Guzmán Loera, one of Mexico’s most successful and cunning drug lords throughout his 30-year career.
According to the prosecutors, Mr Guzmán managed close to 600,000 kilograms of cocaine (valued at over $11 billion), 200 kilograms of heroin (valued at over $11 million), and a minimum of 420,000 kilograms of marijuana (valued at approximately $846 million) from the early 1990s until he was apprehended in 2016.
FAQs
Emma Coronel Aispuro, the wife of El Chapo, has a net worth of 4 billion dollars according to recent estimates.
Is El Chapo still financially well-off?
Yes. With a current net worth of $3 Billion, El Chapo is one of the wealthiest individuals in Mexico.
3. What amount of El Chapo’s funds was confiscated?
The FBI and DEA have confiscated more than $15 Billion in properties owned by El Chapo.
4. Where can the funds of El Chapo be located?
El Chapo hasn’t yet recovered over $400 million worth of cash owned by him, which is still lying safe in his house in Mexico.
5. Where is the son of El Chapo currently located?
The son of El Chapo is currently living in Mexico and frequently shares his photos on social networking platforms.
6. What occurred to El Chapo’s funds?
The United States authorities have confiscated a substantial portion of El Chapo’s riches. His offspring and spouse will receive the remaining wealth.