Frank Lucas Net Worth

There is a popular belief saying that crime does not pay. This thing is actually incorrect and several rich gangsters have proven the belief to be false. While it is true that a lot of them are unlucky as they are dead or have to spend their life behind bars, some other ones are lucky enough to spend the money that they have “earned”.

Frank Lunas was one of the popular gangsters who had earned a lot, aside from some other big names such as Amado Carrillo Fuentes, Pablo Escobar, Joseph Kennedy, Meyer Lansky, Carlos Lehder, Anthony Salermo, Joaquin Guzman Loera, Al Capone, and Griselda Blanco. Here is the information about his net worth for those who want to know.

Net Worth

According to Celebrity Net Worth, Frank Lucas had an estimated net worth of $500,000 at the time of his death in 2019.

Frank Lucas,

Golden Days

When he was at his peak in the beginning of 1970s, the organization owned by Frank Lucas was like a Fortune 500 conglomerate. He was so full of himself to the point he bragged that he was collecting $1 million each day, which is now worth $6 million. Even though it was a bit extra for him and he exaggerated it a bit, there is no doubt that he was earning a crazy amount of money at the time.

At the same period of year, his personal net worth was estimated by DEA agents to be $52 million and most of his belongings were saved in Cayman Islands banks. When he was in his golden days, his properties were everywhere all around the world. Some of them included several apartments in Los Angeles, commercial office space in Detroit, and a ranch located in North Carolina. When he was raided by DEA agents in his new place in New Jersey in the year of 1975, about $600,000 in cash was found. If you are curious, it is equivalent to $3.6 million in today’s currency. Not only did a total of $52 million saved in Cayman Islands banks, he also had heroin that was worth $300 million.

Early Life

    • Full Name: Frank Lucas
    • Birth Place: La Grange, North Carolina
    • Date of Birth: September 9, 1930
    • Age: 90 years old
    • Nationality: United States
    • Ethnicity: African-American
    • Marital Status: Married to Julianna Farrait
    • Children: 7
    • Occupation: Drug dealer (retired)
    • Source of Income: Drug dealing

Frank Lucas was born in La Grange, North California, United States on September 9, 1930. He said that he decided to be a criminal after his cousin, who was 12 years old at the time, was killed by the Ku Klux Klan or K.K.K. Ku Klux Klan, which is also more popular as or K.K.K., refers to the American white supremacist terrorist hate group that mostly targets African Americans like Frank Lucas family, as well as immigrants, Jews, leftists, Muslims, Catholics, atheists, and homosexuals.

When he was 15, Frank Lucas hit a man over the head with a pipe. It was right before he stole $400. He also set the business of the man on fire before escaping to New York.

Frank Lucas

Criminal Career

When he was a kid, Frank Lucas was already a thief who loved to steal food as it was hard for him to get a job. When he was older and stronger, he started to mug intoxicated customers. He actually worked as a truck driver when he was a teen until he was caught sleeping with the daughter of the boss. He once hit someone on the head and stole $400. To avoid getting arrested, he then moved to New York after his mother asked him.

In New York, Frank Lucas saw that money can be made through extraordinary things like illegal gambling and drugs. This city taught him to be more bold and ruthless. For starters, he robbed a local bar at gunpoint. His other popular action includes stealing a tray of diamonds from a jewelry shop, robbing all players at a local club, shooting a local thug, and so on. The last one caught the eye of the long-time Harlem gangster named Ellsworth Johnson. He then learned from this person. Unfortunately, he took everything to a whole new level. When Johnson died, Lucas was eager to take his position.

Frank Lucas always wanted to be rich and he had the confidence to achieve his dream. He saw a good opportunity after the Vietnam War ended. At that time, a lot of soldiers were addicted to drugs and he took advantage by providing them drugs. To get a big profit, he even traveled to Southeast Asia where the things were mostly produced.

Arrest

Frank Lucas was detained by police in his new home located in New Jersey. He was there with a total of $584,000 in cash. At the time, he was convicted of federal drug charges in New York. To take responsibility for his behavior, he was sentenced to spend his life in prison for 70 years. When he was convicted, he promised to cooperate with the police by giving the evidence that led to the arrest of the other people who shared the same profession as him.

As he was being cooperated, his sentence was reduced and he was included into a witness protection program for the sake of his safety. Unfortunately, he entered the same black home and he was caught dealing drugs for the nth time in 1984. For his action, he was sentenced to seven years. 11 years ago, police arrested him again after he was trying to sell two kgs of cocaine to an undercover FBI informant.

Death

On May 30, 2019, Frank Lucas passed away in Grove, New Jersey, United States. He left the world forever at 88 years old. In his last years, he had to sit in a wheelchair. During this period of time, he kept saying that he regretted his life choices and he kept encouraging the young ones to continue getting education and reach their dream so that they can be useful ones.

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