Dawood Ibrahim Net Worth is $6.7 Billion (as of 2020)
Dawood Ibrahim net worth is currently estimated at $6.7 billion, making him one of the richest men in the world. But not only he is one of the richest men in the world, he is also one of the most wanted criminals and most notorious terrorists. So how did he manage to earn all this fortune? And how did he become one of the fiercest enemies of both Indian and American governments? These and other questions will be answered in the following paragraphs.
|Net Worth:||$6.7 Billion|
In Indian standards, Dawood was born into a pretty well-off family. His father was a head constable with the Crime Investigation Department (CID) , meanwhile his mother was a housewife, just like so many other women in the country. But despite his father’s high social status, it was impossible to imagine that one day Dawood Ibrahim net worth will amount to $6.7 billion. It seemed even less plausible that the son of the head of CID will come into contact with the gang of mobster Haji Mastan. But it did happen when Haji’s gang attacked a couple of Dawood’s men. That’s when Dawood and his brother Shabir Ibrahim Kaskar formed an organized criminal group D-Companny and that’s when Dawood Ibrahim net worth started to grow. But the growth of his fortune did not lead to a happy life. In 1881 Dawood lost his brother, when leaders of the Pathan, another criminal gang, hired an assassin from Agar Bazaar to kill Shabir Ibrahim Kaskar in return for a large sum of money. This murder marked the beginning of prolonged life which resulted in death of more than 50 gangsters.
Now where does Dawood’s fortune come from? It is widely believed that the mob controls much of the very commonly used unofficial system for transferring money, called hawala system. To be more particular, it is an informal value transfer system based on the honour and performance of a large network of money brokers. The system is flourishing not only in the Indian subcontinent, but also in Middle East, North Africa and Horn of Africa. As you could guess, his control of hawala system is not the reason why the US government is after Dawood. It is widely believed that he was the mastermind behind March 1993 bombings in Bombay. This terrorist attack, which consisted of 13 bomb explosions, resulted in 350 fatalities, 1200 injuries and to this day is considered the most destructive bomb attack in Indian history. In addition to this, it has been proved that over the later years Danny maintained close links with terrorist groups aiming at the United States, al-Qaeda and its former leader Osama Bin Laden. So in conclusion, even though Dawood Ibrahim net worth is huge, it cannot buy him a calm night sleep: the billionaire knows he might end just as Osama Bin Laden did.