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Mexican Drug Lord Makes Forbes Billionaires List

Written by Casey Gane-McCalla, Assistant Editor on March 12, 2009 12:51 pm

I guess the world’s economy is going badly when Forbes needs to put drug lords on their billionaires list to fill it up.

The World’s Billionaires
#701 Joaquin Guzman Loera

03.11.09, 06:00 PM EDT

Net Worth:$1.0 bil
Fortune:self made
Source:Drug Trafficking
Age:54
Country Of Citizenship:Mexico
Residence:Sinaloa State
Industry:Shipping
Education:NA,
Marital Status:NA,

Mexico’s most wanted man, “El Chapo”, or Shorty, heads the Sinaloa cartel, one of the biggest suppliers of Cocaine to the U.S. In 1993 was arrested in Mexico on homicide and drug charges. Escaped from federal prison in 2001, reportedly through the laundry, and quickly regained control of his drug trafficking organization, which he still controls today. In 2008 Mexican and Colombian traffickers laundered between $18 billion and $39 billion in proceeds from wholesale shipments to the U.S. Shorty, an alleged tunnels expert, is believed to have directed anywhere from a third to half of that during the past 8 years. Apparently started out working with Miguel Angel Felix Gallardo, “El Padrino”, or the Godfather, head of the most powerful drug trafficking group in Mexico at that time. U.S. government is offering a $5 million reward for his capture.

Tags: Mexico
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