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Al Capone Net Worth, Biography & Wiki 2017
Alphonse Gabriel Capone was born in 1899, in New York. He died in 1947. He was one of nine children to Italian immigrants. He is mostly known as an American gangster Al Capone who became rich and famous during the Prohibition era, when he and his two brothers were running the criminal empire known as the Chicago Outfit, which has definitely had the biggest impact on his total net worth.
So, just how rich was Al Capone? Well, the net worth of this crime boss was projected to be over $100 million by sources, the larger part of his wealth having come from the period during the prohibition. It was estimated that by 1929, Capone’s profits from the diverse sources of his business included: over $60 million from selling illegal alcohol, about $25 million from the gambling business, over $15 million from racketeering. It was believed that Capone had over 600 gangsters to keep his business from other gangs. He lived in a mansion on South Beach’s Palm Island. The 6,100-square-foot mansion’s grandiose size and cost only affected his tax problems. However, he kept the mansion, and retired there after his discharge. It is estimated that his empire would worth around $1.3 billion nowadays.
Al Capone Net Worth $100 Million
The Capones immigrated to the United States, first by travelling from Italy to Austria-Hungary in 1893, where they took a ship and sailed to the U.S. They at last settled in the Navy Yard sector of Brooklyn, where Al spent his childhood. When he was 11, the Capone family moved to another part of Brooklyn. He attended a catholic school, but he was expelled because he hit a teacher when he was 14 years old. He first became a bouncer in organized crime grounds such as brothels. When Capone was young, he went to Chicago and became a bodyguard and jack of all trades for Johnny Torrio, who was leading, at the time, a criminal organization which illegitimately sold alcohol. This organization was the predecessor of the Outfit, which they founded together. His organization was politically secluded by the Unione Siciliana. A clash with the North Side Gang was influential in Al Capone’s ascend and descend. Namely, Torrio retired after North Side hitman nearly killed him, giving control to Capone who was the co-founder and then became the boss of the Chicago Outfit. He proceeded to have a seven year reign as the crime boss during the Prohibition era. He expanded the illegal business through even more brutal means, because his reciprocally beneficial agreement with mayor William Hale Thompson and the city’s law enforcement made him untouchable. His seven-year period of influence as a crime boss was finished when 33-year-old Capone was sentenced to spend 11 years in a federal prison, part of which he spent in the famous Alcatraz. He tried to bribe the judges and appeal, but ultimately he failed. He was already presenting signs of syphilitic dementia during his life in prison, but even more when he was released eight years later. He died of a cardiac arrest after he had a stroke. Al Capone was presented in numerous books and films ever since.
Concerning his personal life, he married Mae Josephine Coughlin in 1918, when he was just 19 years old, so his parents had to consent to the marriage in writing. She was Irish Catholic. Earlier that month, she had given birth to their son Albert.