Businesspersons
Pablo Escobar Net Worth
Pablo Escobar's Net Worth as of 2024
$30 Billion
Pablo Escobar was born on 1 December 1949, in Rionegro, Columbia, and is widely recognized as having been a major crime figure in Latin America as a cocaine trafficker and narco-terrorist, most famous for his illegal drug deals. However, concurrently with this illegal business, Pablo was known as a politician, but of course corrupt. Even so, he decided that it was not for him, and so started running his own business, dealing in payments for political favors, based on his involvement in the drug trade. He passed away in 1993.
So just how rich was Pablo Escobar? With a net worth of $30 billion, Escobar was considered to be one of the richest men in the world at the time of his death, earned almost entirely from his command of a large part of the Colombian drug trade.
Pablo Escobar Net Worth $30 Billion
Pablo Escober was one of nine children born into the family of Hemilda Gaviria – a school teacher – and Abel de Jesus Dari Escobar, a farmer. Pablo Escobar’s net worth started growing when he was still a teenager, from the profits of mostly petty crime. In particular, along with his brothers, Pablo used to steal gravestones, which were sold to Escobar`s uncle who was running a monument business. Pablo’s brothers still deny that the business was illegal, which may be true or not, but this was how Pablo Escobar started growing his net worth.
Following this beginning, Pablo Escobar started running his own illegal businesses, which included smuggling cigarettes and alcohol, stealing cars as well as selling fake lottery tickets. More seriously, in 1970 Pablo Escobar’s net worth was boosted after kidnapping a Medellin executive and gaining $100,000 from the ransom. After that, Escobar decided that the best way to increase his net worth was to start working in the sphere of drug dealing: his brother Roberto was his accountant, and has since claimed that over 15 tons of cocaine, worth $500 million, was moved from Columbia to the US almost every day.
This was a really successful business, and Pablo’s life was flourishing. Big sums of money were not deposited in the local banks, but he accumulated such a great net worth which was ridiculous for the time and place, and actually too much to go unnoticed or unchallenged. Along with his brothers, Pablo warehoused it alongside wheat, however, this was not the best decision he made, as the moisture and rats damaged some of the cash – it was estimated that over 10% of his stored cash was eaten by rats. Hence, if not for these animals, Pablo Escobar would have had an even larger net worth.
Pablo Escobar flourished for so long because he ‘bought’ – bribed – local police and legal and administrative authorities, which also included getting himself elected to the Chamber of Representatives in 1982. Still, his activities could not go unnoticed, as he had a fleet of aircraft moving illegal shipments internationally, plus using boats. At one point, shipments to the USA were supposedly up to 11 tons of cocaine in one aircraft, and his Medellin cartel actually controlled an estimated 80% of the world cocaine market. However, Escobar was also something of a philanthropist, and the local poor benefited considerably from his easily-affordable generosity, which made him relatively popular with the poor in his country.
Nevertheless, the US authorities eventually persuaded incorruptible Colombian security forces to cooperate with them, to bring an end to Pablo Escobar’s illegal empire, and he was eventually cornered by tracking radiotelephone transmissions, and killed in December 1993, at that time being one of the richest people in the world.
If Pablo Escobar had a distinct private life, it revolved around his wife Maria – who was 15 when he married her in 1976 – and their son and daughter. It was actually a mistake by his son which led to his being located, and resulted in his death.
Businesspersons
Charles Saatchi Net Worth
Charles Saatchi is one of the richest and best known businessmen in the world and one of many millionaires. Saatchi’s overall net worth has been stated to be $100 million for 2014. Charles Saatchi was born in Baghdad, Iraq, but later had to move together with his family to London, UK to avoid the persecution of Jews in his home country. He was the second son in the family of four kids. As a teenager Charles was really interested in American pop culture and studied at the London College of Communication. After graduation he began his professional career as a copywriter working for “Benton & Bowles” and later started to work in tandem with an art director, Ross Cramer, and together they formed their own company called “CramerSaatchi”.
Charles Saatchi Net Worth $100 Million
They were successful and took-on employees John Hegarty and Heremy Sinclair, but true success came to Charles later. In 1970 Charles Saatchi started his business together with brother Maurice: they established “Saatchi & Saatchi” agency which had become the largest advertising agency in the world by the mid-80’s with just a huge number of high-profile clients like UK Prime Minister Margaret Thatcher and British Airways. However, Charles and Maurice left the agency and together founded another one called “M&C Saatchi”. They took many of their important clients with them, and one of these was British Airways. Nowadays, thanks to his prosperous business, Charles Saatchi has a net worth of $100 million dollars.
To the rest of the world Saatchi is also known as one of the most famous modern art collectors. He purchased his first art work in 1969 – by Sol LeWitt, a minimalist from New York. His passion for paintings only grew, and in 2009 he even published the book “My Name Is Charles Saatchi And I Am An Artoholic” wherein the author answered many questions and even gave some advice about collectibles. But the book didn’t become as popular as Saatchi expected, so the author asked his personal assistant to buy a huge number of books to help his work hit some positions in bestseller charts. Later in 2009 Saatchi appeared on the BBC program “School of Saatchi” and gave many young artists a perfect opportunity to show their talent and showcase artworks: some artists even painted portraits of Saatchi himself. In July 2010 Charles Saatchi donated his Saatchi Gallery to the British public together with 200 works of art.
Saatchi’s personal life has never been very public, but he married his first wife in 1973. He had met Doris Lockhart Dibley in 1965 while working for “Benton & Bowes”. The couple lived together for the six years before marrying, but divorced in 1990. Saatchi’s second wife was Kay Hartenstein to whom he was married from 1990-2001, and they even had a daughter together. Then Saatchi married for the third time in 2003, to English journalist, food writer, gourmet and television personality Nigella Lawson, but after public disagreements, were divorced 2013.
Businesspersons
Mikey Teutul Net Worth
Michael Joseph was born 26 November 1978, in Montgomery, New York State USA, and widely known as Mikey Teutul, is a reality television personality, the youngest son of Orange County Choppers founder Paul Teutul, Sr. Mikey began his working life at 14, in the family business.
So just how rich is Mikey Teutul, as of late 2017? Authoritative sources estimate that Mikey has a net worth of over $3 million dollars, largely earned by working at his father’s and older brother Paul Jr,’s company Orange County Choppers (OCC), and Orange County Iron Works, and through his TV appearances.
Mikey Teutul Net Worth $3 Million
Little is known of Mikey’s early life or education – it seems to have always revolved around the family business. Helping out his family in his teens, theoretically he worked as Assistant General Manager. but his main duties were to answer ‘phones, and clear-up and take out the trash. He was on rare occasions given the chance to build bikes, until he was competent to build his own. He also attended events for promoting OCC.
In 2002, the family was invited to take part in a reality show, Discovery Channel’s “American Chopper”, and subsequently “American Chopper: Senior vs. Junior”, in the course of which the youngest son was thrown out of the business – the middle son is Daniel, and younger sister Cristin. The reason for Mikey’s exclusion was that Mikey tried to be a mediator between his father and his brother, but his father seemed to be offended that his younger son did not take his side, and so threw him out of the business. During the filming of the show, Mikey was somethoing of a comedy relief to his father’s workers, and that comedy streak helped gain him popularity in TV shows. Mikey then joined his brother’s post-OCC venture, -Paul Jr Designs – along with most of their father’s employees; obviously the work atmosphere with Paul Teutul, Sr. was not a particularly happy one. Mikey’s eldest brother Paul Jr. was the former chief fabricator of OCC.
So actually the main source of Mikey Teutul’s wealth is not his father’s business, but the shows he eventually took part in. These have included ‘The Late Show with David Letterman”, “Late Night with Conan O’Brien”, and also “The Tonight Show” with Jay Leno. The shows became very popular and Mikey’s appearances earned him a significant amount of money. To say the least, the family drama did not go without consequences – according to rumours, Mikey Teutul was suffering from an addiction problem, and consequently admitted himself to rehab, and managed to overcome the bad habits which were apparently hindering his progress in life, obviously including business.
In his life away from the businesses already referred to and the limelight of TV, Michael loves to paint, and is apparently respected for his productions, as he opened “The Wolfgang Gallery” gallery in Montgomery, New York, where he has sold or auctioned his paintings, adding somewhat to is net worth, although rumours suggest that the gallery may now be closed. Most recently, Mikey is now trying to enter the market under the moniker LLC FarQueue Products with his line of gourmet pasta sauces. Good luck, Mikey!
In his less-than-private personal life, Mikey is apparently still single – there aren’t even any rumours of romantic liaisons.
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