Pablo Escobar the Universidad Autónoma Latinoamericana of Medellín. Escobar studied at the University for a short period, but left without obtaining a degree. Escobar eventually became involved in many criminal activities with Oscar Benel Aguirre, with the duo running petty street scams, selling contraband cigarettes, fake lottery tickets, and stealing cars. In the early 1970s, prior to entering the drug trade, Escobar acted as a thief and bodyguard, allegedly earning US $100,000 by kidnapping and holding a Medellín executive for ransom. Escobar began working for Alvaro Prieto, a contraband smuggler who operated around Medellín, aiming to fulfill a childhood ambition to have
Pablo Escobar their warehouses. Ten percent (10%) of the cash had to be written off per year because of "spoilage", due to rats creeping in and nibbling on the bills they could reach. When questioned about the essence of the cocaine business, Escobar replied with "[the business is] simple: you bribe someone here, you bribe someone there, and you pay a friendly banker to help you bring the money back." In 1989, "Forbes" magazine estimated Escobar to be one of 227 billionaires in the world with a personal net worth of approaching US $3 billion while his Medellín Cartel controlled 80% of