Mexico’s Most Wanted Drug Trafficker Joaquin Guzman Is 2009 Forbes Rich List’s No. 701 Billionaire
Posted Mar 12, 2009 by Lindsay Britney
Joaquin Guzman, Mexico’s most wanted drug trafficker, is 2009 Forbes Rich list’s No. 701 billionaire. Joaquin Guzman, nicknamed Shorty or El Chapo, is the leader of Mexico’s feared Sinola Cartel. The 5-feet-tall man who is rewarded $500 million by USA for leading his arrest, is estimated to have owned $1billion over his career through drug traffickings, making him a newcomer on Forbes’ billionaires list. Joaquin Guzman’s income source is listed as Drug Trafficking while the industry as “Shipping.”
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. [Forbes]
Sources: Mexico drug lord on Forbes rich list with $1 bln @ Reuters
Joaquin Guzman Loera Shorty El Chapo! @ Lalate.com
The World’s Billionaires (2009) @ Forbes.com
#Permalink Tags: Billionaire, Crimes, Joaquin Guzman, Mexico
