John Gotti net worth
Number of divisions: 9
What is the net worth of John Gotti?
John Gotti is an American gangster and criminal leader who had a net worth of $30 million in the heyday of his criminal empire (after adjusting for inflation). He was known for evading federal accusations and was called “Teflon Don” by the media. In 1992, he was eventually convicted of multiple federal crimes. He is the head of the Gambino crime family, operating in New York City.
Wealth and income
The Gambino family earns hundreds of millions of dollars each year from loan sharking, construction, gambling, hijacking, and extortion. According to the book “Underboss”, the annual turnover of the Gambino crime family is $500 million. In the same book, Sammy the Bull Gravano claimed that in a typical year, he and Gotti both made $5 million, and in many years, they both made $10-15 million.
early life
John Gotti was born on October 27, 1940 in the Bronx, New York City, New York. His original name was John Joseph Gotti Jr. (John Joseph Gotti Jr.). He ranks fifth among ten brothers and sisters, and the children grew up in poverty. His parents were born in New York, but his grandparents came from San Giuseppe Vesuviano, a small town near the province of Naples, Italy. His father did occasional labor sporadically, and Gotti resented him for his unwillingness to work harder to support his family. When he was a teenager, he didn’t go to school regularly, and he acted like a bully when he went to school. His criminal activities and involvement in street gangs began when he was twelve years old. When he was 14 years old, he injured his foot when he tried to steal the cement mixer and failed, making himself limp permanently. The machine fell and crushed all his toes. He attended Franklin K. Lane High School for a while, but dropped out at the age of 16 and joined the Mafia gang called Fulton Rockaway Boys. The gang included future Gambino mob Angelo Ruggiero and Wilfred “Willie Boy” Johnson, who later became an FBI informant.
Early Rogue Day
When he was a teenager, Gotti ran errands for Gambino Family capo Carmine Fatico and carried out multiple truck hijacks at what is now John F. Kennedy Airport. During this period, he became friendly with Joseph Massino, the future owner of the Bonanno family, and met his mentor, Aniello “Neil” Dellacroce. In 1968, Gotti was arrested for stealing a truck at the airport. He was released on bail but was arrested again after stealing a large number of cigarettes. He pleaded guilty to these charges and was sentenced to three years in prison in Lewisburg Federal Prison along with his friend Ruggiero. The two were released in 1972 and continue to work with the Gambino family. Shortly after Gotti was released on parole, he was appointed as the acting CAPO. When boss Carlo Gambino’s nephew was murdered, Gotti was one of the members of the strike team responsible for killing the main suspect, James McBratney. Their plan went wrong and they killed McBlatney in public, resulting in Gotti being confirmed and charged with murder. With the help of the notorious lawyer Roy Cohen, he arranged a plea bargain and was sentenced to a short term of four years in prison.
team leader
When Carlo Gambino died in 1976, he chose Paul Castellano as his successor instead of his lower superior Dellacroce, who was in prison at the time. No objection to this decision. Gotti was released in 1977 and became one of the top thugs. He was appointed as the capo of the Birkin crew, they are the most profitable crew members of Gotti’s Delacroce. At the end of 1978, he participated in the largest unrecovered cash robbery in history, known as the Lufthansa robbery. In 1980, Gotti’s 12-year-old son was killed on a family friend’s small bicycle. Although the death was ruled as an accident, the family friend was kidnapped and presumed to be murdered within a year.
Castellano was sued in the RICO case in 1984 and chose Gotti and two others to take over as the acting boss. Gotti, who has always been loyal to Delacroce, has begun plotting control with other mob members and families. After Delacroce died of cancer in 1985 and Castellano revised his succession plan again, Gotti made up his mind to let Castellano withdraw. He consulted five other members of his generation because it was too risky to meet the boss himself. The crackdown occurred on December 16th and early the following year, and Gotti was officially appointed as the new boss.
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Gambino family boss and conviction
In the mid-1980s, Gotti still faced RICO charges, but after several bombings by another family, his trial was postponed due to fear that the publicity would stain the jury. By the time the jury selection for Gotti’s trial began in August 1986, the Gambino family had already obtained an acquittal or pending jury by paying the jurors $60,000. The following year, Gotti was found not guilty. When he faced criminal charges, the media called him Teflon Don because the judicial system seemed to be in his favor and the charges never stopped. However, Gotti insisted that they meet at the Ravenite Social Club once a week, which would be his downfall because it was tapped by the FBI. Although he escaped conviction in an assault in 1989, he was arrested in 1990 and charged with extortion, five murders, tax evasion, bribery, and loan sharking. The FBI’s recording succeeded in creating a rift between Gotti and his subordinate Gravano, who finally agreed to appear in court to accuse Gotti. In April 1992, Gotti was convicted of all crimes and surrendered to federal authorities in December 1992.
Personal life and death
Gotti was detained in the Marion Prison, a medium-security facility located in southern Illinois. In July 1996, Gotti was beaten by a cellmate, and then he paid between US$40,000 and US$400,000 to two members of the Ararian Brotherhood in order to kill him in retaliation for his attack. This resulted in the target individual being transferred to a different facility. Presumably, the Arian Brotherhood never intended to continue the killing.
Gotti married Victoria in 1958 and they have five children in total. Some of their children continued to appear in various reality shows such as “Thug Wives”, “Real Housewives of New Jersey” and their own family’s reality show “Growing Up Gotti”.
