Tuesday 13 July 2010

Forbes : The World's Billionaires #937

#937 Joaquin Guzman Loera

Net Worth:          $1.0 billion   
Fortune:                                  Self Made
Source:                        drug trafficking
Age:                                                     55
Country Of Citizenship:           Mexico
Residence:                    Sinaloa State
Education:                                         NA
Marital Status:                                   NA

A criminal who makes his fortune illegally and violently has become a symbol of Mexico's deadly drug wars. Mexico's most wanted man, El Chapo (or Shorty) heads the Sinaloa cartel, one of the biggest suppliers of cocaine to the U.S. Thousands have perished in turf wars and attempted government crackdowns, including key competitor and former ally, Arturo Beltran Leyva, in December 2009. Arrested in Mexico on homicide and drug charges in 1993, he escaped from federal prison 8 years later, reportedly through the laundry. However, he was believed to have had a heavy hand in his organization even from behind bars. 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 and air logistics expert, is believed to have directed anywhere from a third to half the wholesale shipments since his 2001 prison escape. Drug scholars believe Shorty has made trafficking inroads to Europe. 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 up to a $5 million reward for information leading to his capture.

GOTTA RESPECT HIM!!!!

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