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Colombian drug lord Pablo Escobar lost 2.1 billion in cash per year: Book

September 30, 2016  |  Posted by: Francesca Falzarano
Colombian drug lord Pablo Escobar lost 2.1 billion in cash per year: Book

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At the height of his power, notorious Medellín cartel boss Pablo Escobar made estimated $420 million a week in revenue, which easily dubs him as one of the wealthiest drug bosses in history.

Escobar, who is better known as the “king of cocaine,” had his wealth grow so immensely that he hid piles of cash in dilapidated warehouses, farming fields, and even in the walls of cartel members’ houses. Roberto Escobar, the cartel’s chief accountant and brother, wrote all about it in his book, “The Accountant’s Story: Inside the violent world of the Medellín cartel.”

Escobar wrote: “Pablo was earning so much that each year we would write off 10% of the money because the rats would eat it in storage or it would be damaged by water or lost.”

Given how much money Pablo was making, approximately $2.1 billion was lost, according to Business Insider.

In an interview with Don Juan magazine back in 2009, Juan Pablo Escobar — Escobar’s only son, who has since converted his name to Sebastian Marroqui­n — said that his dad once burned $2 million to keep his family warm while they were on the lam.

While concealing or destroying the ridiculous amount of cash was one issue, the brothers also faced another much more basic problem, which was how to keep the banknotes neatly organized.

Roberto Escobar reported that the cartel spent about $2,500 a month on rubber bands used to hold stacks of cash together.

At the peak of his reign, Pablo Escobar’s drug cartel distributed about 80% of the world’s cocaine and smuggled 15 tons of cocaine into the United States every day.

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