Archive for Thursday, March 12, 2009

Fugitive drug lord makes billionaire list

March 12, 2009

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— Who says crime doesn’t pay? A suspected drug lord who is Mexico’s most-wanted fugitive made the Forbes list of billionaires on Wednesday with a fortune described as “self made.”

The magazine estimates Joaquin “El Chapo” Guzman’s worth at $1 billion — No. 701 on the list, right between a Swiss oil-trading tycoon and a U.S. chemical heir. Dozens of other people were also tied for the spot.

It is unclear what Guzman thinks of the distinction. Forbes senior editor Luisa Kroll notes that “unfortunately ... Guzman could not be reached for comment.”

Often described as Mexico’s most powerful cartel kingpin, Guzman has been on the run with a $5 million reward on his head since 2001, when he escaped from prison apparently hidden in a laundry truck.

Comments

missmia 6 years, 2 months ago

it's crazy that with $1 billion he was as far down on the list as 701!

avoice 6 years, 2 months ago

missmia: It's a list of billionaires. The top two, Bill Gates and Warren Buffett, each are worth almost $40 billion. It goes down from there, so anyone with just $1 billion is, of course, at the bottom of the list.

More importantly: Way to legitimize Mexico's drug cartels, Forbes!

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