El Chapo Net Worth
As per current estimates, El Chapo net worth is $3 billion US Dollars. El Chapo’s highest net worth has exceeded $26 Billion dollars, way back in 2010.
El Chapo Net Worth Peak
At the height of his empire between 2005 and 2011, El Chapo’s net worth has exceeded $26 Billion dollars, placing him on the list of the Top-20 richest people on the planet. During this period, El Chapo had over $15 billion dollars worth of drugs (Over 60 tonnes) stockpiled ready to be shipped to the United States from various warehouses in Sinaloa. Checkout Rockefeller Family Wealth.
El Chapo’s Cash
Cash from the United States was pouring into Mexico every day. It is estimated that El Chapo received over $100 million in cash each day through his drug sales. Such a huge cash pile is too big to be laundered, and therefore, El Chapo started buying safe houses to store this cash. When El Chapo was captured from one of his safe houses, the Mexican authorities have found over $180 million in cash hidden in the house. As of today, El Chapo’s sons are managing over 50 safe houses across Mexico, with over $400 million in cash estimated to be stored there. The DEA has frozen various bank accounts related to Sinaloa Cartel, and over $700 million in cash deposits in those accounts were taken back to the United States.
Highlights of El Chapo’s Net Worth
El Chapo has started his career with a meager salary of $2 Dollars per day. El Chapo has breached the $1 million net worth figure in 1992. By 2005, El Chapo’s net worth has exceeded the $1 billion figure. El Chapo’s net worth at the time of his arrest was $19 Billion Dollars. El Chapo’s wealth has been equally distributed among his children after his arrest.
El Chapo’s Assets & Money Laundering
Early next year, a Chinese businessman named Gan Xianbing will be sentenced in a Chicago courtroom for laundering just over $10 Million in El Chapo’s drug money. Since 2009, Chinese players were moving vast sums of El Chapo quickly and quietly. With the support of El Chapo, Chinese money brokers based in Mexico “have come to dominate international money laundering markets. El Chapo worked with accountants to exploit the banking systems in the United States and Europe. Out of all El Chapo’s methods of laundering money, depositing amounts smaller than $10,000 to avoid Bank Secrecy Act (BSA) reporting regulations is the most popular. Also see Bill Clinton Net Worth. One of the most effective ways to clean large amounts of cash is through what is known as “trade-based money laundering,” a technique El Chapo developed into an art form. El Chapo did this by buying easily sold items such as clothes or electronics from a legitimate company in the United States and then selling the items on the other side of the border for pesos.
What happened to Sinaloa after El Chapo’s Arrest?
Though El Chapo is now in custody, the Sinaloa Cartel continues to be one of the largest drug distributors in the world. It operates by identifying and exploiting cracks in the social systems that make global civilization possible.
El Chapo’s Net Worth Growth Rate
Conclusion: El Chapo’s Net Worth
The entire wealth of El Chapo has been facilitated by Jose Antonio with the help of Ismael Gracia. Even though El Chapo is currently under arrest, the empire he has built is still one of the biggest in the world. This means El Chapo’s net worth will not see any downtime in the near future. El Chapo has invented numerous money-laundering strategies. El Chapo prefers a shotgun approach and uses every method they can to stretch the resources of law enforcement as thinly as possible.
