AFRICANGLOBE – Pablo Escobar was often referred to as the King of Cocaine. He ruled the blow trade and in the process, the son of a poor Colombian farmer became one of the richest men in the world. As head of the Medellin cartel, Escobar controlled 80% of the global cocaine market. He brought in an insane $420 million a week in revenue by providing those who seek a cocaine high with the drug they craved. It is impossible to truly quantify Escobar’s wealth due to the nature of the drug business, but estimates of his net worth run as high as $30 billion. That’s a hell of a lot of nose candy.
#5: By the end of the 1980s, Escobar supplied 80% of the world’s cocaine
That means that of the Americans partaking in cocaine, four out of five of them were snorting the stuff Escobar smuggled into the U.S. This resulted in profits of $60 million per day. Escobar famously once said that the essence of the cocaine trade business was simple:
“…you bribe someone here, you bribe someone there, and you pay a friendly banker to help you bring the money back.”