At the peak of his empire, Pablo Escobar had such an extraordinarily massive amount of cash that he was losing nearly $2.1 billion annually to rats in stock rooms.
Known as the “King of Cocaine” and a narcoterrorist, Escobar was a Colombian drug lord and boss of the infamous Medellin Drug Cartel.
Involved in cocaine trafficking and drug trade, Escobar controlled almost 80% of the world’s cocaine market at the height of his power.
So much so that, his cartel smuggled nearly 15 tons of cocaine to the United States each day which accounted for a staggering half a billion dollars, eventually making Escobar the wealthiest drug lord in the world.
Even more mind-boggling were the revenues he generated in a week that topped $420 million on average.
This exponential surge in his wealth is depicted by the fact that he spent $2,500 per annum on buying rubber bands to pile up his cash bills.
Escobar accumulated large piles of cash in unofficial warehouses, farm fields, abandoned inventories and secret Colombian compartments.
According to Pablo’s brother, Roberto, who also happened to be the cartel’s chief accountant, a lot of cash was chewed by rodents that roamed the stocked warehouses, and thus wasted.
In his book, The Accountant’s Story, Roberto writes: “Pablo was earning so much that each year we would write off 10% of the money because the rats would eat it in storage or it would be damaged by water or lost,”.
This 10% spoilage money that he lost to rats was later calculated to be an unbelievable $2.1 billion.
This is another one of those shocking facts that reflect the bizarre extent of money that Escobar had compiled and how losing a couple billion dollars to stray rats wasn’t that much of an issue for the drug lord.