Al Capone Net Worth

Net Worth Details

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 a 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.

Biography

What is Al Capone known for?

Al Capone, also known as Scarface, is known for his notorious criminal activities as a gangster during the Prohibition era in the United States. He gained fame for his involvement in bootlegging and organized crime, particularly in Chicago.

Early life and education

Alphonse Gabriel Capone, more commonly known as Al Capone, was born on January 17, 1899, in Brooklyn, New York. He was the fourth of nine children born to Italian immigrants Gabriele and Teresa Capone. Growing up in a working-class neighborhood, Al faced challenges from a young age.

Capone attended Catholic school but was eventually expelled at age 14 after striking a teacher in the face. He then found work at a bowling alley and a candy store while also playing semi-professional baseball for two years.

Career

Capone’s entry into the world of organized crime began when he was influenced by gangster Johnny Torrio. Initially involved with small-time New York gangs like the Junior Forty Thieves and Bowery Boys, Capone eventually joined the powerful Five Points Gang in Lower Manhattan.

Torrio recognized Capone’s potential and hired him to work at the Harvard Inn saloon and dance hall in Chicago. While working there, Capone earned the nickname “Scarface” after a confrontation with another gang member resulted in a slash across his face.

After the murder of James “Big Jim” Colosimo, Torrio took over his criminal empire and made Capone his right-hand man. Under Torrio’s guidance, Capone’s influence and power grew rapidly. He profited immensely from bootlegging during the Prohibition era and built a criminal empire based on illegal alcohol, gambling, and other vices.

Death

After serving nearly eight years of his 11-year prison sentence for tax evasion, Capone was released in 1939 due to his failing health. However, his health continued to deteriorate, and he suffered a stroke and cardiac arrest in January 1947 at the age of 47.

Capone passed away at his Palm Island home in Florida on January 25, 1947. He was buried at Hillside, Illinois’ Mount Carmel Cemetery alongside his father and brother.

Achievements

Aside from his criminal activities, Al Capone left a lasting impact on popular culture. His life and exploits have been portrayed in numerous films and television shows, including “Al Capone,” “The St. Valentine’s Day Massacre,” “Capone,” and the television series “The Untouchables.”

Capone’s empire was incredibly lucrative during its peak. He generated millions of dollars from illegal alcohol, gambling, and various other ventures. At the height of his power, Capone personally earned approximately $105 million per year, which would amount to roughly $1.5 billion per year in today’s currency.

Despite his criminal activities, Al Capone remains a fascinating figure in history. His rise to power and lasting influence on organized crime in the United States have made him an enduring character in popular culture.