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...most wanted criminal. And because his Sinaloa cartel traffics billions of dollars' worth of cocaine to the U.S. each year, American authorities are no less interested in bringing him down. The U.S. government is offering a $5 million reward for his capture - a rather meager amount given that Guzman's estimated net worth is $1 billion, putting him at #701 on the Forbes list, between a Swiss oil tycoon and an American heir to the Campbell Soup fortune. And unlike many of his fellow billionaires who've already lost untold fortunes to the global downturn, Guzman's empire likely made...

Author: /time Magazine | Title: Joaquin Guzman Loera: Billionaire Drug Lord | 3/13/2009 | See Source »

...Forbes senior editor Luisa Kroll told The Times of London: "He is not available for interviews, but his financial situation is doing quite well." But while he's not the first narco-kingpin to make the list (that dubious honor went to Colombian cocaine czar Pablo Escobar in 1989), Guzman's inclusion has rankled more than a few readers. As one commenter wrote on Forbes.com: "Since you have started glorifying drug lords and letting younger people see them as 'Billionaires,' this will be my last article...

Author: /time Magazine | Title: Joaquin Guzman Loera: Billionaire Drug Lord | 3/13/2009 | See Source »

...Began his career in the drug trade as an apprentice of "El Padrino" (Godfather) Miguel Angel Felix Gallardo, who once headed Mexico's most powerful drug cartel. Guzman founded his own cartel in 1980, quickly establishing posts in 17 Mexican states. Sinaloa, his organization, takes its name from a Mexican state along the Pacific coast long known as a hotbed for drug trafficking. After Gallardo's arrest in 1989, Guzman inherited some of his territory...

Author: /time Magazine | Title: Joaquin Guzman Loera: Billionaire Drug Lord | 3/13/2009 | See Source »

...Arrested in Mexico in 1993 for murder and drug charges following the accidental shooting death of Mexican Bishop Juan Jesus Posadas Ocampo in Guadalajara, killed by a competing cartel who mistook Ocampo for Guzman. Convicted and sentenced to 7 years for conspiracy, bribery and "health crimes," according to the BBC. While incarcerated, he paid prison officials to arrange conjugal visits and business meetings to maintain control of his empire...

Author: /time Magazine | Title: Joaquin Guzman Loera: Billionaire Drug Lord | 3/13/2009 | See Source »

...Escaped from the Puente Grande prison in Jalisco, Mexico in 2001, by bribing guards to smuggle him outside via a laundry truck; a federal investigation later led to the arrest of 71 prison officials. Puente Grande (Big Bridge) has since been mockingly rechristened the Puerta Grande" (Big Door) prison. Guzman once bragged that he spends $5 million a month on bribes to law enforcement officers...

Author: /time Magazine | Title: Joaquin Guzman Loera: Billionaire Drug Lord | 3/13/2009 | See Source »

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