The Untold Story of John Gotti’s Multi-Million Dollar Net Worth
Over the years, John Gotti has been a name synonymous with organized crime and the mob. However, in addition to his notoriety, he was also known for his vast wealth. But how did John Gotti, a man from humble beginnings, amass a fortune worth millions of dollars?
Early Life
John Gotti was born on October 27, 1940, in the Bronx, New York City, to John and Philomena Gotti. His father worked as a day laborer and struggled to make ends meet for his family. As a young boy, John Gotti got involved in street gangs and began his life of crime.
Life of Crime
Gotti’s life of crime began with small-time thefts and burglaries. He eventually worked his way up to become a member of the Gambino crime family, one of the most powerful organized crime syndicates in New York City. In 1985, Gotti became the boss of the Gambino crime family after ordering the murder of its former boss, Paul Castellano.
The Teflon Don
Gotti’s nickname, “The Teflon Don,” came from his ability to avoid convictions and prison time. Although he was brought to trial several times, he was acquitted each time, earning him a reputation for being untouchable.
Racketeering and Extortion
One of the ways Gotti made his fortune was through racketeering and extortion. He extorted money from construction companies, unions, and other businesses in New York City. He also ran a lucrative illegal gambling ring that brought in millions of dollars each year.
The Ravenite Social Club
The Ravenite Social Club, located in Little Italy, was Gotti’s headquarters and base of operations. It was a place where members of the Gambino crime family gathered to discuss business and make deals. Through the Ravenite Social Club, Gotti was able to control illegal activities throughout the city.
Money Laundering
Gotti also made his fortune through money laundering. He invested his illegal proceeds in legitimate businesses, such as real estate, construction, and the stock market. By doing this, he was able to disguise his illegal income as legitimate profits.
Arrest and Conviction
In 1990, Gotti was arrested and charged with racketeering, extortion, and murder. He was convicted on all charges and sentenced to life in prison without the possibility of parole. He died of throat cancer on June 10, 2002, while still in prison.
Legacy
Despite his criminal activities, John Gotti has become somewhat of a cultural icon. He has been the subject of several books and films, and his name is still synonymous with the world of organized crime.
Conclusion
John Gotti’s story is a complex one, filled with crime, wealth, and power. His vast fortune was built through extortion, racketeering, and money laundering, and although he was eventually brought to justice, his legacy lives on.
FAQs
Q1: Where did John Gotti grow up?
John Gotti grew up in the Bronx, New York City.
Q2: What was John Gotti’s nickname?
John Gotti was nicknamed “The Teflon Don.”
Q3: How did John Gotti make his fortune?
John Gotti made his fortune through racketeering, extortion, and money laundering.
Q4: What was the Ravenite Social Club?
The Ravenite Social Club was John Gotti’s headquarters and base of operations.
Q5: What was John Gotti’s legacy?
John Gotti’s legacy has been the subject of several books and films and his name is still synonymous with the world of organized crime.