As per current estimates, El Chapo’s net worth is $3 billion US Dollars. El Chapo is considered to have been one of the most powerful drug traffickers in the world. As per authorities, El Chapo has cash reserves of over $400 million in US Currency, stacked in various parts of Mexico. After El Chapo was captured by the DEA, his children have inherited his empire and also his wealth.
El Chapo’s Net Worth
|Net Worth||$3 Billion|
|Highest Net Worth||$26 Billion|
|Cash Reserves||$400 Million|
|Gold & Diamonds||$70 Million|
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
|Net Worth in 2022||$3 Billion|
|Net Worth in 2015||$7 Billion|
|Net Worth in 2010||$26 Billion|
|Net Worth in 2005||$10 Billion|
|Net Worth in 2000||$140 Million|
What was El Chapo highest net worth?
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.
How much is El Chapo’s wife net worth?
El Chapo’s Wife ‘Emma Coronel Aispuro’ net worth is $4 Billion Dollars.
Is El Chapo still wealthy?
Yes. With a current net worth of $3 Billion, El Chapo is one of the richest persons in Mexico.
How much of El Chapo’s money was seized?
The DEA and FBI have seized over $15 Billion in assets belonging to El Chapo.
Where is El Chapo’s money?
Over $400 million worth of cash owned by El Chapo hasn’t been recovered and still laying in his safe houses in Mexico.
Where is El Chapo son now?
El Chapo’s son is currently residing in Mexico and regularly posts his pictures on social media.
What happened to El Chapo’s money?
The US Authorities have seized a huge chunk of El Chapo’s wealth. The remaining of this wealth has been inherited by his children and wife.
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.