Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Current Events & Hot Topics Current Events & Hot Topics

Billionaires Who Run Successful Private Businesses Deserve Their Money! (read article, part in red, before replying)

Posted by on Jan. 23, 2014 at 11:28 AM
  • 43 Replies

Billionaire Druglords: El Chapo Guzman, Pablo Escobar, The Ochoa Brothers

English: Joaquín Guzmán Loera drug lord and li...

Joaquin Guzman Loera // Image via Wikipedia

Billionaire Mexican drug cartel king Joaquin “El Chapo” Guzman Loera’s time as a free man appears to be short-lived: Mexican police acknowledged Sunday that they nearly caught him in February.

Guzman, the Sinaloa drug cartel leader who controls an estimated 25% of the illegal drug trade from Mexico to the U.S., has reportedly been hiding out in a seaside mansion in Los Cabos. Mexican police barely missed capturing him three weeks ago, Mexico’s assistant attorney general in charge of organized crime investigations, Jose Cuitlahuac Salinas, told the Associated Press on Sunday.

Sources say that the net appears to be closing in on the world’s most powerful drug dealer. Guzman is spending more money to defend the cartel than in previous years, and he’s expanded his activities outside his native country to avoid the heat from Mexican authorities. An additional indication that the footsteps are closing in: last year, Guzman reportedly sent his 22-year-old wife to Los Angeles County to give birth to the couple’s twin daughters.

Despite Guzman’s defensive spending, the Mexican government recently struck two significant blows against the Sinaloa empire: December 2011 brought the arrest of a top Sinaloa lieutenant, quickly followed in February by the capture of the leader of the cartel’s armed wing.

Guzman appears on Forbes 2012 World’s Billionaires List for the fourth year running. His admission to this elite set has always been controversial–last year the son of a famed Colombian drug dealer accused Forbes of “lying”–but Guzman is certainly not the first drug lord to make our list of the world’s wealthiest. In 1987, we included Colombian cocaine tycoons Pablo Escobar Gaviria and the Ochoa brothers–Jorge Luis Ochoa Vasquez and his brothers Fabio and Juan David–on our first World’s Billionaires List.

The reason for including these notorious names has always been, and continues to be, quite simple: they meet the financial qualifications. And they run successful private businessesthough their products are quite illegitimate.

Escobar’s biography from the 1987 inaugural Forbes Billionaires issue reads like a how-to guide for ambitious, P.R.-savvy entrepreneurs: from a lowly position as smuggler, enforcer and bodyguard, Escobar worked his way to the top, first by saving enough money to invest in his own cocaine business.  By 1978, Escobar was moving about 35 kilos of coke a month out of Medellin. He took over a Medellin newspaper, became influential in politics, and successfully ran for public office. He built houses for the poor, soccer fields, and a zoo for the public. Eventually, he was indicted on charges of cocaine marketing, money laundering, and contract killing. In 1987, Escobar controlled an estimated 40% of the Medellin drug cartel’s business, and had accumulated at least $3 billion over the years, Forbes reported.  Escobar remained on the Forbes Billionaires List for seven years, appearing for the final time in the July 1993 Billionaires issue. Five months later he was killed.

The Ochoa brothers followed a similar business plan, building their wealth by expanding their influence in the cocaine trade. Jorge Luis Ochoa Vasquez took over a cocaine exporting business in 1977 by having his boss executed, DEA sources told Forbes. Jorge was a founding member of the Medellin cartel; a meeting he convened in 1981 led to the development of the powerful network. He also developed a distribution network into the U.S. Fabio, on the other hand, was in charge of business development outside Colombia: he moved to Florida and was believed to have personally run thousands of pounds of cocaine out of a house in Coral Gables. By 1983, the family had acquired a fleet of 55 aircraft, including helicopters. Together, brothers Fabio, Juan David and Jorge eventually controlled 30% of the Medellin cartel’s cocaine trade. Jorge was indicted by the U.S. government in 1984. Forbes said in 1987 that the brothers shared more than $2 billion. In January 1991, Jorge turned himself in to Colombian authorities; his brother Fabio followed, and Juan David became the final brother to surrender that February. The Ochoa brothers remained on the Forbes Billionaires List for six years, last appearing in the rankings in 1992. All three brothers are still living, Fabio in a U.S. prison.

In 1988, Forbes added Gonzalo Rodriguez Gacha to our second World’s Billionaires List. Rodriguez operated out of Bogota but had ties to the Medellin cartel; U.S. authorities said he was in charge of all cocaine distribution on the West Coast of the United States. Rodriguez rose to power as Escobar’s lackey: he was alleged to have killed a left-wing Colombian political leader whose guerrilla activists were interfering with coca farmers, and he set up Yari laboratories, one of the world’s largest cocaine production centers. Rodriguez helped expand the trade in Nicaragua with his ties to the Sandinistas; he also was said to have disguised his product as it was shipped into the U.S., tricking airport sniff dogs by embedding the cocaine with flower shipments. Forbes estimated Rodriguez’s worth at $1.3 billion in 1988. The drug lord appeared on the Forbes Billionaires List only two years, with his second and final appearance in July 1989. Five months later, he was killed in a shootout with Colombian police.

As I mentioned before,Sebastian Marroquin, son of notorious Colombian drug lord Pablo Escobar, said last year that we weren’t right about Guzman–he accused Forbes of lying.

Forbes wasn’t lying, of course. As we’ve written before, we value Guzman’s fortune in the same way that we value the fortunes of all business people running private enterprises: by interviewing experts, government officials and academics who understand El Chapo’s business. The first year that Forbes put Guzman on the billionaires list, we explained in the magazine how we calculated his net worth. You can read that story here.

Look, we don’t like the fact that drug dealers make billions by ruining lives and shedding blood–but it’s a cold, hard reality of the global economy. That’s why we continue to cover people like Guzman.

Next Window Please

by on Jan. 23, 2014 at 11:28 AM
Add your quick reply below:
You must be a member to reply to this post.
Replies (1-10):
pamelax3
by Gold Member on Jan. 23, 2014 at 11:36 AM

Nothing surprises me anymore

stacymomof2
by Ruby Member on Jan. 23, 2014 at 11:45 AM
7 moms liked this
That is insane. Well since we all know that onky people who deserve it get rich then we must shiw our appreciation and adulation. Im sure they put in long hours with all the killing and such.
NWP
by guerrilla girl on Jan. 23, 2014 at 11:50 AM
6 moms liked this

I am sure they work hard for the money....so therefore they deserve it.

If we wanted to be rich like that we could do that too! Something to aspire towards, yes? 

All we need to do to be like these guys is to work harder and make better choices!!!

After all, they do run a successful private business 

Quoting stacymomof2: That is insane. Well since we all know that onky people who deserve it get rich then we must shiw our appreciation and adulation. Im sure they put in long hours with all the killing and such.


Next Window Please

GLWerth
by Gina on Jan. 23, 2014 at 11:53 AM
7 moms liked this

Hey, I've been told over and over that the rich deserve EVERY PENNY of what they get.

And these guys are even better, since they don't even pay taxes! They are sterling, perfect examples of pure, unregulated capitalism!

Meadowchik
by Silver Member on Jan. 23, 2014 at 12:01 PM

They should be in jail for breaking the law, ruining lives by pushing drugs, corrupting and intmidating government, murdering the innocent in cold blood,...the list goes on. 



NWP
by guerrilla girl on Jan. 23, 2014 at 12:02 PM
5 moms liked this
Are you talking about big Pharma or industrialized agriculture?

Quoting Meadowchik:

They should be in jail for breaking the law, ruining lives by pushing drugs, corrupting and intmidating government, murdering the innocent in cold blood,...the list goes on. 



lga1965
by on Jan. 23, 2014 at 12:08 PM
Yup.
....hurl......


Quoting stacymomof2: That is insane. Well since we all know that onky people who deserve it get rich then we must shiw our appreciation and adulation. Im sure they put in long hours with all the killing and such.
Posted on CafeMom Mobile
lga1965
by on Jan. 23, 2014 at 12:10 PM
Yah, we hear this here all the time ! Gosh, I've been so wrong all these years. Shoulda listened to those conservies,huh.

Quoting GLWerth:

Hey, I've been told over and over that the rich deserve EVERY PENNY of what they get.

And these guys are even better, since they don't even pay taxes! They are sterling, perfect examples of pure, unregulated capitalism!

Posted on CafeMom Mobile
jessilin0113
by Platinum Member on Jan. 23, 2014 at 12:11 PM
3 moms liked this
And surely they are"job creators", right?

Quoting NWP:

I am sure they work hard for the money....so therefore they deserve it.

If we wanted to be rich like that we could do that too! Something to aspire towards, yes?

After all, they do run a successful private business 

Quoting stacymomof2: That is insane. Well since we all know that onky people who deserve it get rich then we must shiw our appreciation and adulation. Im sure they put in long hours with all the killing and such.


stacymomof2
by Ruby Member on Jan. 23, 2014 at 12:17 PM
1 mom liked this
Yep. Capitalism.

Quoting NWP:

I am sure they work hard for the money....so therefore they deserve it.

If we wanted to be rich like that we could do that too! Something to aspire towards, yes?

After all, they do run a successful private business 

Quoting stacymomof2: That is insane. Well since we all know that onky people who deserve it get rich then we must shiw our appreciation and adulation. Im sure they put in long hours with all the killing and such.


Add your quick reply below:
You must be a member to reply to this post.
Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN