ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NET WORTH

Of All His Crimes, Tax Evasion Triggered Al Capone's Decline; Here's His Net Worth at the Time

At the time of his death, Al Capone had an inflation-adjusted net worth of $100 million.
UPDATED DEC 13, 2023
Cover Image Source: WikiCommons
Cover Image Source: WikiCommons
Name  Al Capone
Net Worth $100 Million
Salary $2000 Per Month
Annual Income $3 Million
Gender Male
DOB January 17, 1899
DOD January 25, 1947
Nationality American
Sources of Income Organized crime

Notorious American gangster Al Capone made his way in history with a criminal empire built during the Prohibition era. At the time of his death, Al Capone had an inflation-adjusted net worth of $100 million. Born on January 17, 1899, in Brooklyn, New York, Capone rose from humble beginnings to become a notorious figure in organized crime, first as a member of the Five Points Gang and eventually as the boss of the Chicago Outfit.

Cover Image Source:  Wikimedia Commons
Image Source: Wikimedia Commons

Capone's diverse sources of income reflected the extent of his criminal empire's operations. During the peak of his power, his empire raked in around $60 million from illegal alcohol, $25 million from gambling, and $10 million from vice-related activities. His annual earnings reached a staggering $105 million, equivalent to about $1.5 billion today.

Al Capone, the infamous American gangster, had a net worth of $100 million at the time of his death in 1947, equivalent to approximately $1.5 billion in today's currency. His wealth was amassed during the Prohibition era, when he dominated various criminal enterprises, including illegal alcohol, gambling, and vice activities. Capone's net worth is often compared to other notorious gangsters of his time, showcasing the immense financial success he achieved in the criminal underworld.

Capone's downfall came in 1931 when he was convicted of income tax evasion and sentenced to 11 years in federal prison. The charges focused on his failure to report substantial illicit income from his criminal activities. This marked the end of his seven-year reign as the crime boss of the Chicago Outfit. Capone's imprisonment exposed the extent of his criminal empire's financial activities and led to significant legal consequences for one of the most powerful figures in organized crime.

Capone's criminal empire extended its reach across bootlegging, gambling, and various vice-related activities. The intricate web of his operations allowed him to amass vast amounts of wealth, contributing significantly to his net worth. As per Business News Daily, the criminal mastermind even owned 300 businesses to be used as fronts for illegal activities.

Image Source: Wikimedia Commons
Image Source: Wikimedia Commons

One of Capone's notable assets was his mansion in the Palm Island area of Miami Beach, which he purchased in 1928 for $40,000. This property, sitting on a 30,000-square-foot lot, gained historical significance due to its ownership, and was sold for $10.75 million in September 2021.

Here's a breakdown of Al Capone's estimated annual earnings over a few years at the height of his power.

Year Net Worth
1947 (Death) $20 Million
1940 $41 Million
1930 $150 Million
1925 $3 Million
Cover Image Source: WikiCommons
Image Source: WikiCommons

Capone's move to Chicago in 1919 proved pivotal in his criminal career. He aligned himself with political figures, forging alliances that allowed his criminal empire to flourish. His involvement in drugs and prostitution, notably as a bouncer in a brothel, showcased the breadth of his illicit activities. Capone's connections with city officials and politicians played a crucial role in sustaining his criminal enterprises and avoiding legal consequences for an extended period.

Capone's early association with street gangs like the Junior Forty Thieves and the Bowery Boys laid the foundation for his criminal career. Despite a brief stint in a Catholic school, Capone's expulsion at 14 marked a turning point. His personal life, including his marriage to Mary Josephine Coughlin, provided insight into the complex dynamics of his relationships. His son, Albert Francis "Sonny" Capone, distanced himself from a life of crime, opting for a more conventional path.

Capone's health deteriorated during his prison sentence, with diagnoses of gonorrhea and syphilis. Released in 1939 due to failing health, he struggled with neuropsychiatric disorders caused by late-stage syphilis. Capone's death in 1947, at the age of 48, was attributed to a stroke and cardiac arrest. His decline, both physically and mentally, reflected the toll of a life marked by crime and its consequences.

Did Al Capone have brothers?

Yes, Al Capone had several brothers. Their names were Vincenzo, Raffaele (known as Frank), Salvatore, Albert, Matthew, and two others, Ermina and Ermino. Salvatore and Raffaele (Frank) were involved in Al Capone's criminal empire.

How did Al Capone make most of his money?

Al Capone obtained most of his money through illegal activities, with a significant portion coming from the illegal alcohol trade during the Prohibition era.

How did Al Capone clean his money?

Money laundering was a common practice among organized crime figures during that era, involving complex schemes to legitimize illicitly obtained funds.

What did Al Capone's family do?

His son named Albert Francis "Sonny" Capone, who chose not to follow his father's criminal path and pursued a different career, working as a used car salesman, apprentice printer, and tire distributor.

What made Al Capone so successful?

He expanded his criminal empire through violent means, maintained relationships with city officials, and controlled various lucrative illegal activities, making him one of the most successful and powerful crime bosses of his time.

What organization did Al Capone run?

Al Capone ran the Chicago Outfit, which was a powerful organized crime syndicate.

MORE ON MARKET REALIST
The legendary lead vocalist of the celebrated rock band U2 has built a vast empire and is now the second richest rockstar on the planet.
Oct 3, 2024
Trump's impressive car collection includes McLaren Mercedes SLR, Rolls-Royce, and even an exclusive Cadillac.
Sep 27, 2024
The nursing student from Georgia found his trading account balance rise to a whopping $1,309,245,148,628.7
Sep 26, 2024
Nicholas Puech, who owned a 5.7% stake in the luxury brand, has claimed he has nothing left in bank.
Sep 25, 2024
Is it surprising that the billionaire isn't a frequent shopper at the grocery store?
Aug 31, 2024
The pay gap led to her passing over the role and it ultimately went to a newcomer.
Aug 20, 2024
American businessman Charles Francis Feeney was called the "James Bond of Philanthropy" by Forbes.
Aug 14, 2024
Swift's partner Travis Kelce is estimated to be worth $70 million and the cat is richer than him
Aug 5, 2024
He spent his teenage years earning just $1 per hour by offering tourist tours
May 14, 2024
The rapper earns primarily from album and mixtape sales, endorsements, concerts, tours, live performances, and shows.
May 3, 2024
From real estate mavens and fashion PR queens to content creators and resilient entrepreneurs, these women bring a diverse range of experiences to RHONY.
Apr 27, 2024
For two years, soaring inflation eroded most workers' wage gains but recent data from the Bureau of Labor Statistics suggests that the tide is turning.
Apr 7, 2024
From global show to international tours, delve into the singing maestro Taylor Henderson's net worth
Apr 7, 2024
Today, many artists don't limit themselves to one art form but expand by launching their fashion lines or tieing up with charitable organizations
Mar 24, 2024
Take a look at how the financial maestro Carlos Slim Helubuild himself and his generations a legacy
Mar 24, 2024
These changes represent significant adjustments to the program, impacting millions of recipients across the United States.
Mar 16, 2024
Corporate brands usually rely on popular software to smooth operations but major software malfunctions have also spelled disaster for companies and consumers.
Mar 10, 2024
The scammers went to great lengths to make their scheme convincing, even going as far as creating a fake SpaceX YouTube channel with 180,000 subscribers
Mar 10, 2024
Leveraging technology to take on small jobs and tasks can help you earn extra cash quickly.
Mar 5, 2024