- Richest Business › Criminals
- Net Worth:
- $100 Million
- Date of Birth:
- Jan 17, 1899 - Jan 25, 1947 (48 years old)
- Place of Birth:
- 5 ft 10 in (1.79 m)
- Mafioso, Gangster, Racketeering
- United States of America
Table of ContentsExpand
- Peak Income
- Early Life
- Personal Life
- Real Estate
What Was Al Capone's Net Worth?
Al Capone was an American gangster who had an inflation-adjusted net worth of $100 million at the time of his death. Capone was a Five Points Gang member and worked as a bouncer for organized crime premises, and he later became boss of the organized crime syndicate the Chicago Outfit.
During the Prohibition era, Al gained notoriety and enjoyed a seven-year reign as crime boss until he went to prison for tax evasion in 1932. Capone was responsible for expanding bootlegging through violent means while maintaining relationships with city officials, such as mayor William Hale Thompson.
His downfall was the Saint Valentine's Day Massacre, which caused influential citizens to demand governmental action. Al has often been featured in popular culture, including the films "Al Capone," "The St. Valentine's Day Massacre," and "Capone," and the television series, "The Untouchables." Capone served nearly eight years of his 11-year prison sentence before being released due to his failing health in 1939, and he died at the age of 47 after suffering a stroke and cardiac arrest in January 1947.
At the peak of his power, Al's empire was generating making somewhere in the neighborhood of $60millionfrom illegal alcohol, $25millionfrom his gambling business, $10million in vice, and another $10millionfrom an assortment of various other ventures.At the height of his very bloody years on top, Al was personally pulling in $105 million per year. At today's rates that amount was a cool $1.5 billion per year
Al Capone was born Alphonse Gabriel Capone on January 17, 1899, in Brooklyn, New York. His parents, Teresa (a seamstress) and Gabriele (a barber) were Italian immigrants. Al had eight siblings, Vincenzo, Raffaele, Salvatore, Ermina, Ermino, Albert, Matthew, and Mafalda; sadly, Ermina passed away at just 1 year old. Salvatore and Raffaele (better known as Frank and Ralph) both became involved with Al's criminal empire. Capone attended Catholic school, and at age 14, he was expelled for striking a teacher in the face. Al then found work at a bowling alley and a candy store, and he played semi-professional baseball for two years.
After being influenced by gangster Johnny Torrio, Capone became involved with the small-time New York gangs the Junior Forty Thieves and Bowery Boys before joining the Brooklyn Rippers. He then joined a more powerful gang, Lower Manhattan's Five Points Gang, and Torrio hired him to work the door at the Harvard Inn saloon and dance hall. While working at the Harvard Inn, Frank Galluccio slashed the left side of Al's face with a knife after he inadvertently insulted Galluccio's sister, and Capone earned the nickname "Scarface."
In 1919, Torrio invited Al to move to Chicago, and Capone began working as a bouncer in a brothel, reportedly contracting syphilis there. Torrio had been working as an enforcer for James "Big Jim" Colosimo, but after Colosimo was murdered in May 1920, Torrio took over his empire and made Al his right-hand man. Capone was a suspect in Colosimo's murder, but his involvement was never proven.
During Prohibition, Canadian bootleggers helped Al smuggle liquor into the United States, though when he was asked if he knew Canada's "King of the Bootleggers," Rocco Perri, Capone quipped, "Why, I don't even know which street Canada is on." After Torrio was shot in early 1925, he put Al in charge of his crime empire, and when establishments refused to buy liquor from Capone, they would often get blown up. Al survived an assassination attempt by the North Side Gang in September 1926, and the following year, bootlegger/gangster Joe Aiello tried to assassinate him several times.
In 1929, "The New York Times" reported that Al was connected to the murders of Assistant State Attorney William H. McSwiggin, former mentor Frankie Yale, and chief investigator Ben Newmark. Though Capone was in Florida at the time of the 1929 Saint Valentine's Day Massacre, it is believed that he ordered the attack, which was meant to eliminate North Side Gang leader Bugs Moran. Seven people were killed in the massacre, but Moran wasn't one of them. A few days later, Al was summoned to testify before a grand jury in Chicago on federal Prohibition violations, but he claimed that he was too sick to show up. When he testified in March 1929, he was arrested by the FBI and charged with contempt of court for missing the original court appearance. After the Saint Valentine's Day Massacre, Capone tried to improve his image by donating to charitable organizations and opening a soup kitchen. In 1930, Al found out that Joe Aiello was still plotting his murder, so he had two men gun Aiello down while he was leaving a Chicago apartment building. "Chicago Daily News" publisher Walter A. Strong asked President Herbert Hoover for federal intervention to curb the city's crime, and Hoover "directed that all the Federal agencies concentrate upon Mr. Capone and his allies."
Hulton Archive/Getty Images
Capone was arrested for carrying a concealed weapon in Philadelphia in May 1929, and he was sentenced to a year in prison. After he was released in March 1930, the Chicago Crime Commission listed him as #1 on its list of "Public Enemies." The FBI began investigating Al for tax evasion, and he was arrested in March 1931. Three months later, he was indicted on 22 counts of income tax evasion dating from 1925 to 1929. In October 1931, Capone was convicted of income tax evasion and sentenced to 11 years in federal prison. He was also ordered to pay a $50,000 fine and nearly $7,700 for court costs. In May 1932, Al was imprisoned in Atlanta U.S. Penitentiary, where he was diagnosed with gonorrhea and syphilis. In August 1934, he was moved to Alcatraz Federal Penitentiary, and he was stabbed by another inmate in June 1936, but his wounds were superficial. Capone was diagnosed with syphilis of the brain in February 1938 and spent his final year at Alcatraz in the hospital section. In January 1939, he was transferred to the Federal Correctional Institution at Terminal Island to serve his contempt of court sentence.
Al married Mary Josephine Coughlin (better known as Mae) on December 30, 1918, and they stayed together until his death. They welcomed son Albert Francis "Sonny" Capone on December 4, 1918, and named Capone's mentor, Johnny Torrio, the godfather. As a child, a mastoid infection developed in Sonny's left ear, causing him to lose most of his hearing in that ear. He decided not to follow his father's footsteps into a life of crime (other than a 1965 shoplifting conviction) and instead worked as a used car salesman, apprentice printer, and tire distributor. Sonny legally changed his name to Albert Francis Brown in 1966. Capone reportedly had affairs during his marriage to Mae, and she told Sonny "not to do what your father did. He broke my heart."
On November 16, 1939, Capone was released from prison as a result of his failing health. Though he was referred to Baltimore's Johns Hopkins Hospital, they refused to admit him because of his reputation, but Union Memorial Hospital agreed to treat his paresis, a neuropsychiatric disorder caused by late-stage syphilis. After a few weeks of treatment, Al left for Palm Island, Florida, in March 1940. In 1942, Capone was one of the first people in America to be treated with penicillin, which helped slow down the progression of paresis.
In 1946, he was examined by his doctor and a psychiatrist, who concluded that Al had "the mentality of a 12-year-old child." Capone suffered a stroke on January 21, 1947, and though he began to improve after regaining consciousness, he contracted bronchopneumonia, then went into cardiac arrest on January 22nd. Al passed away at his Palm Island home on January 25th, after apoplexy caused his heart to fail. A private funeral was held in Chicago, and he was buried at Mount Olivet Cemetery. The remains of Al, his father, and his brother Salvatore were moved to Hillside, Illinois' Mount Carmel Cemetery in 1950.
In 1928, Capone paid $40,000 for a 6,077 square foot mansion in the Palm Island area of Miami Beach. His widow sold the home, which sits on a 30,000 square foot lot, in 1952. In September 2021, the seven-bedroom, five-bathroom home sold for $10.75 million.
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It's generally agreed that Al Capone's net worth was about $100 million, or nearly $1.5 billion today. While the latter seems more impressive than the former, it was still remarkable in an era that heralded the Great Depression.What was Capone's net worth when he died? ›
Al Capone was an American gangster who had an inflation-adjusted net worth of $100 million at the time of his death. Capone was a Five Points Gang member and worked as a bouncer for organized crime premises, and he later became boss of the organized crime syndicate the Chicago Outfit.How did Al Capone get so rich? ›
Capone was sent to Chicago and helped Torrio rid the city of their underworld competition. After Torrio retired, Capone became Chicago's de facto crime czar, running gambling, prostitution, and bootlegging rackets and expanding his territories by gunning down rivals.Who was the wealthiest criminal in history? ›
Pablo Escobar (estimated net worth in 1993: $30 billion)
At the time of his death he was worth an estimated $30 billion, according to Bankrate. In today's money that would be as much as $85.2 billion, which would put him firmly in the top 10 of the world's richest people.
Anil Goswami is the exclusive proprietor of Al Capone's sports bar and restaurants, which can be found throughout various locations in Singapore.Did Al Capone have $10 million dollars hidden? ›
Was there a missing $10 million? In the film, Capone struggles to remember whether, and where, he buried $10 million of his loot, hidden from federal authorities. While the specific figure and anecdote are fictitious, the legend of Capone's alleged fortune is infamous.Where did Capone get most of his liquor from? ›
He coordinated the importation of alcohol from different locations, including other states and even Canada, as well as the operation of hundreds of breweries and distilleries, many of which resided in Chicago.How did Al Capone clean his money? ›
Al Capone was renowned for his ability to create sophisticated money laundering schemes that allowed him to hide the origins of his illegally obtained funds. One of his primary methods involved investing in legitimate businesses, such as restaurants, nightclubs, and breweries.How much did Al Capone's mansion sell for? ›
The property traded hands for a whopping $15.5 million, records show, on Sept. 24. The sale comes only weeks after it was purchased by developers Todd Michael Glaser and his business partner Nelson Gonzalez in August for $10.75 million.
Capone was imprisoned on the tax charges in May 1932 for what would be seven years in both Atlanta and later Alcatraz penitentiary but not before arranging for his favourite Cadillac 341A to be hidden in a Chicago garage, by a “local car dealer”, later identified as Denemark.What was John Gotti's net worth? ›
In the book Underboss, Gravano estimated that Gotti himself had an annual income of no less than $5 million during his years as boss, and more likely between $10 million and $12 million.Is the Capone Bloodline still alive? ›
Three of Al Capone's direct descendants are Alessandra (born 1983), Luca (1985), and Isabella (1999) Capone. Even today, the legacy of Al Capone remains alive through his descendants. This influential family tree serves as a reminder to us all regarding the consequences of organized crime and its far-reaching impact.Was Al Capone violent? ›
While still in his 20s, Capone became the head of the notorious Chicago Outfit, one of the city's largest and most violent criminal organizations.What did syphilis do to Capone? ›
At Alcatraz, Capone's decline became increasingly evident, as neurosyphilis progressively eroded his mental faculties; his formal diagnosis of syphilis of the brain was made in February 1938. He spent the last year of his Alcatraz sentence in the hospital section, confused and disoriented.How much was Al Capone worth in the 1920s? ›
Capone made as much as $100 million a year (equal to $1.3 billion in 2016 dollars). At one point in the 1920s he paid out $500,000 per month (worth about $6 million today) to police to let him operate his illegal booze trade.Was Al Capone richer than Pablo Escobar? ›
Pablo Escobar was the wealthiest criminal in history and the Medellin cartel made an annual turnover of 26 billion dollars a year.
While still in his 20s, Capone became the head of the notorious Chicago Outfit, one of the city's largest and most violent criminal organizations. The group controlled the distribution of alcohol and is estimated to have made as much as $100 million a year.