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El Chapo's $12.6B fortune ordered forfeited: What to know about the multibillion-dollar drug empire (with clip)
July 17, 2019
"...For almost 30 years, El Chapo, 62, sold enough drugs to build a massive fortune, even making it onto Forbes list of billionaires for four years in a row, beginning in 2009. During those years, the outlet estimated he was worth at least $1 billion.
According to court papers, the Mexico native was estimated to have handled more than $11 billion worth of cocaine, more than $11 million worth of heroin and $846 million worth of marijuana as the leader of the Sinaloa Cartel, The New York Times Opens a New Window. reported earlier this month.
Combined, those estimates suggest Guzmán made more than $12.67 billion. On Wednesday, Guzmán was ordered to forfeit that fortune, according to prosecutors.
“It’s ridiculous for the government to think he has all this money,” Guzman’s attorney Mariel Colon Miro told Fox News last week. “The government hasn’t been able to locate a single penny.”...
Mike Vigil, the former chief of international operations for the Drugs Enforcement Agency (DEA), told The Telegraph the government’s chances of finding El Chapo’s fortune are “minuscule,” but he believes the drug kingpin definitely has plenty of money somewhere...."
El Chapo's $12.6B fortune ordered forfeited: What to know about the multibillion-dollar drug empire
July 17, 2019
"...For almost 30 years, El Chapo, 62, sold enough drugs to build a massive fortune, even making it onto Forbes list of billionaires for four years in a row, beginning in 2009. During those years, the outlet estimated he was worth at least $1 billion.
According to court papers, the Mexico native was estimated to have handled more than $11 billion worth of cocaine, more than $11 million worth of heroin and $846 million worth of marijuana as the leader of the Sinaloa Cartel, The New York Times Opens a New Window. reported earlier this month.
Combined, those estimates suggest Guzmán made more than $12.67 billion. On Wednesday, Guzmán was ordered to forfeit that fortune, according to prosecutors.
“It’s ridiculous for the government to think he has all this money,” Guzman’s attorney Mariel Colon Miro told Fox News last week. “The government hasn’t been able to locate a single penny.”...
Mike Vigil, the former chief of international operations for the Drugs Enforcement Agency (DEA), told The Telegraph the government’s chances of finding El Chapo’s fortune are “minuscule,” but he believes the drug kingpin definitely has plenty of money somewhere...."
El Chapo's $12.6B fortune ordered forfeited: What to know about the multibillion-dollar drug empire