Griselda Blanco Net Worth
Griselda Blanco had a peak net worth of $2 billion during her lifetime. Griselda Blanco was a high-level operative in the infamous Medellin Cartel, known for trafficking cocaine in major urban centers like Miami, Florida, and her murderous ways. She earned most of her income from drug trafficking.
Griselda Blanco began her criminal career at a young age and quickly became successful in the cocaine trade. Blanco’s street smarts and ruthless streak propelled her to the top of the infamous Medellin Cartel, earning her the moniker “Queen of Cocaine” and “Black Widow.” Blanco was arrested by federal agents in 1985 after years of investigation and spent nearly two decades in prison. She was assassinated in Colombia in 2012, at the age of 69.
To calculate the net worth of Griselda Blanco, subtract all her liabilities from her total assets. Investments, savings, cash deposits, and any equity she has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of her net worth:
|Net Worth:||$2 Billion|
|Monthly Salary:||$2 Million|
|Annual Income:||$25 Million|
|Source of Wealth:||Illegal drug dealer|
Early Turn to Crime
Griselda Blanco Restrepo was born on February 15, 1943, in Cartagena, Colombia. Blanco, who was raised by an abusive mother, became involved in crime and prostitution at a young age. She quickly became involved with Colombia’s infamous Medellin Cartel, assisting in the distribution of Colombian cocaine throughout the United States, particularly in New York, Miami, and Southern California.
Members of the cartel were able to smuggle large amounts of cocaine across the border by wearing special undergarments designed and manufactured by Blanco.
The ‘Queen of Cocaine’
Blanco moved to New York from Colombia in the mid-1970s. By this point, the infamous drug trafficker was running a massive narcotics ring, her status in the industry rivaling that of other kingpins such as Pablo Escobar. The US Drug Enforcement Agency (DEA) was on Blanco’s tail, however, as part of a large-scale investigation known as “Operation Banshee.”
Blanco and more than 30 of her associates were indicted on federal drug conspiracy charges in 1975, after authorities intercepted a reported 150 kilograms of cocaine. Blanco had already fled to Colombia at that point, but it wasn’t long before she returned to the United States, settling in Miami this time.
Blanco’s continued involvement in the Colombian drug trade during her time in the United States led to her involvement in a number of other crimes, including drive-by shootings and other murders motivated by drugs, money, and power. Detectives had linked her to dozens of murders by the late 1970s, including a 1979 drug-rival shooting in a Miami liquor store, but she always managed to elude capture.
Blanco was living comfortably in a newly purchased Miami home in the 1980s. By this point, the infamous drug trafficker had become a millionaire and had earned the titles “Godmother,” “Queen of Cocaine,” and “Black Widow.” Her luck ran out in February 1985, when she was apprehended by DEA agents in Irvine, California.
Conviction and Prison Time
Blanco’s trial, which began in New York in June 1985, resulted in a conviction on one count of conspiracy to manufacture, import into, and distribute cocaine. Despite being charged with murder in several Florida killings, she was acquitted and sentenced to 15 years in prison.
Blanco, now a federal prisoner, was returned to Miami in 1994 on three murder charges. However, the case was thrown out after the star witness, a former hitman for Blanco named Jorge “Rivi” Ayala, became romantically involved with a secretary in the Florida State Attorney’s Office, raising concerns about the credibility of Ayala’s testimony on the stand. Some speculated that Ayala bungled the case on purpose, fearing that if he testified, he would be killed by members of Blanco’s cartel.
Blanco eventually pleaded guilty to the three murder charges and received a 10-year sentence as part of a plea bargain with prosecutors. She was released from prison and deported back to Colombia in June 2004.
Death, Legacy and Movie
Blanco was murdered in Medellin, Colombia, on September 3, 2012, at the age of 69. According to reports, Blanco was shot by two gunmen on motorcycles as she exited a butcher shop. Some authorities went on record at the time with “conservative” estimates that she was responsible for 40 deaths, though others put the figure much higher, at around 200.
Blanco’s story piqued the interest of writers and artists even before her death. She was featured prominently in Billy Corben’s 2006 documentary Cocaine Cowboys, as well as its 2008 sequel, and was profiled in Richard Smitten’s 1990 book, The Godmother.
In 2016, HBO announced that a film about Blanco’s life was in the works, with Jennifer Lopez attached to star. The following year, Lifetime entered the fray with a biopic titled The Cocaine Godmother, starring Catherine Zeta-Jones as the titular character.
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