John Gotti Net Worth
- As the Gambino Family boss, American Mobster John Gotti had a net worth of $70 Million at the time of his death.
- His Grandson John Gotti III inherited $25 Million of his family’s wealth.
- John Gotti was earning $20 million annually through criminal activities.
| Net Worth at Death | $70 Million |
| Peak Net Worth | $150 Million |
| Annual Income | $20 Million |
| John Gotti III Worth | $35 Million |
| Cars | 50 |
| House Properties | 19 |
| Luxury Watches | 100+ |
John Gotti made a name for himself by providing loans with notoriously high interest rates. Anyone who borrowed $1,000 from John Gotti had to pay back $3,000.
According to 1970s New York Times reports, Gotti would demand that borrowers bring their wives or daughters when they failed to repay the loan.
Extortion and Hijacking
Week after week, John Gotti’s men hijacked over ten tobacco trucks. The crimes occurred all over the country, and it is estimated that Gotti’s family stole over $160 million in cigarettes and alcohol.
Gotti has stolen over a million dollars in merchandise from United Airlines planes. In addition, John Gotti retorted to extorting money from real estate businessmen. Gotti’s actions even affected Donald Trump’s father.
The Lufthansa Heist
In December 1978, John Gotti assisted in the largest unrecovered cash robbery in history, the infamous Lufthansa Heist at Kennedy Airport.
It was estimated that over $20 million in cash was stolen that day and half of it was taken by John Gotti.
John Gotti III Wealth
Unlike his grandfather, John Gotti III avoided his family’s criminal past and pursued a career in boxing. John Gotti III received $25 million in assets from his grandfather and father. He, on the other hand, has kept this money in a trust fund and has not used it to date.
Arrest
Gotti’s arrest occurred on December 11, 1990, and it was a result of a joint effort by federal law enforcement agencies. Despite his previous ability to evade convictions, Gotti’s luck ran out during his trial.
The trial, which took place in 1992, received extensive media coverage and was dubbed “The Trial of the Century” by the press.
Gotti was sentenced to life in prison without the possibility of parole, along with a substantial fine.
Death
John Gotti spent the remainder of his life in prison. He was incarcerated at the United States Penitentiary in Marion, Illinois, and later transferred to the United States Penitentiary in Terre Haute, Indiana.
Gotti’s health deteriorated during his time in prison, and he was diagnosed with throat cancer. He died on June 10, 2002, at the age of 61.
FAQs
John Gotti was implicated in 6 murders. Some of these suspected murders included those of mobsters Robert “DeeBee” DiBernardo and Louis DiBono.
John Gotti was caught and eventually convicted primarily due to the testimonies of former associates turned government witnesses, such as Salvatore “Sammy the Bull” Gravano, who provided incriminating evidence against him.
Peter Gotti, John Gotti’s brother, took over as the acting boss of the Gambino family. He was eventually convicted in 2003 on charges of racketeering and other crimes.
Yes, the Gambino crime family is still considered an active criminal organization, albeit with a diminished presence.