Forbes’s annual list of the World’s Billionaires, which was released yesterday, included among its 793 privileged names the head of Mexico’s powerful Sinaloa Cartel, Joaquín Guzmán Loera, who falls in at number 701. (Another mexicano, Carlos Slim Helú, was at number 3 down from the second spot last year.) This year, the talked-about Forbes list was down by 332 billionaires, from 1,125 in 2008—this economy spares no one.
Guzmán Loera’s fortune is made up of $1 billion, according to the magazine, which the list describes as “self-made” in his industry, listed simply as “Shipping.” The 54-year-old drug lord, who goes by the name Shorty, escaped from a Mexican prison in a laundry cart in 2001, days before his extradition to the United States; the American government is offering a $5 million reward for his arrest.
Not surprisingly, Guzmán Loera is not the first cartel head to have made it into the well-known Forbes rich list. In 1989, Pablo Escobar, head of Colombia’s Medellín Cartel, was ranked the 7th richest man in the world, according to the BBC.