John Gotti – The Notorious American Gangster

The Wealth of John Gotti

Latest News: John Gotti, the boss of the Gambino crime family in New York City, had a net worth of $35 million at the time of his death. His grandson, John Gotti III, inherited $25 million from the family’s wealth. During his heyday, Gotti was earning an estimated $22 million annually through his criminal activities as the Gambino Boss.

Criminal Activities

Known as “The Teflon Don,” John Gotti was infamous for lending money at exorbitantly high-interest rates, often forcing borrowers to repay triple the amount borrowed. In some cases, if borrowers couldn’t repay, Gotti would demand that they send over their wives or daughters as collateral. His mafia associates were involved in various criminal activities, including stealing over ten tobacco trucks per week across the United States, resulting in an estimated $165 million worth of stolen cigarettes and alcohol attributed to his crime family.

Notably, Gotti and his associates orchestrated the largest cash robbery in history, known as the Lufthansa Heist, at Kennedy Airport in 1978. They stole over $20 million, and Gotti claimed half of the loot for himself. Furthermore, Gotti was involved in other criminal activities, such as stealing over $1.2 million worth of merchandise from United Airlines planes and extorting money from real estate businessmen, including the father of Donald Trump.

John Gotti III

In contrast to his criminal family, John Gotti III opted for a different path and pursued a career in boxing. Although he inherited $25 million in assets, he has chosen not to use the money, which remains in a trust fund.

Early Life and Family

John Gotti, also known as “The Teflon Don,” was born on October 27, 1940, in the Bronx, New York. His parents, John Joseph Gotti Sr. and Philomena Gotti, were Italian immigrants. While his father worked as a day laborer, his mother raised their thirteen children.

The Gambino crime family is one of the “Five Families” and was named after its former boss, Carlo Gambino. It is a prominent Mafia group based in New York City.

In 1958, Gotti met his future wife, Victoria DiGiorgio, at a bar. They got married on March 6, 1962, and had five children together: Angela, Victoria, John Jr., Frank (who passed away in 1980), and Peter.

Arrest and Conviction

After years of evading convictions, Gotti was finally arrested on December 11, 1990. He was found guilty in 1992 during his highly publicized trial, which was dubbed “The Trial of the Century.” Gotti was convicted of multiple crimes, including murder, racketeering, and extortion. He received a life sentence without parole and a substantial fine.

Death

John Gotti passed away at the age of 61 due to throat cancer while serving his life sentence in Terre Haute, Indiana.

Conclusion

In conclusion, John Gotti was a notorious American gangster who amassed a net worth of $35 million through his criminal activities as the boss of the Gambino crime family. His grandson, John Gotti III, inherited $25 million from the family’s wealth but has chosen not to utilize it at this time. Gotti’s criminal exploits, such as the Lufthansa Heist and his involvement in various extortion schemes, earned him a reputation as one of the most notorious figures in organized crime. However, his life of crime eventually caught up with him, and he was convicted and sentenced to life in prison, where he ultimately succumbed to throat cancer.

Frequently Asked Questions

Q: What was John Gotti’s net worth at the time of his death?

A: John Gotti had a net worth of $35 million at the time of his death.

Q: How much did John Gotti III inherit from the family’s wealth?

A: John Gotti III inherited $25 million from the family’s wealth.

Q: What criminal activities was John Gotti involved in?

A: John Gotti was involved in various criminal activities, including high-interest rate lending, theft of tobacco and alcohol, the Lufthansa Heist, stealing merchandise from United Airlines planes, and extortion.