Wednesday, December 30, 2015
He is regarded as the richest and most successful criminal in world history. In 1989, Forbes magazine declared Escobar as the seventh richest man in the world, with an estimated personal fortune of US$ 9 billion.
He and his brother’s operation was so successful that at its height they were spending US$1,000 a week just purchasing rubber bands to wrap the stacks of cash. Also, since they had more illegal money than they could deposit in the banks, they stored the bricks of cash in their warehouses, annually writing off 10% as “spoilage” when the rats crept in at night and nibbled on the hundred dollar bills.
Amount Laundered: US$5-US$10 billion.
Punishment: Confined in what became his own luxurious private prison for several months in 1992, he escaped after hearing he would be transferred to another prison, and was killed soon after.