Nemesio Oseguera Cervantes is the real name of El Mencho, who isn’t just any ordinary name you’d come across in financial books. A lot of mystery is involved here, as well as big bucks and hidden assets. Ready for a deep dive into the economic ocean? “El Mencho net worth” is our compass! The criminal “El Mencho,” Nemesio Oseguera Cervantes, is the well-known head of the Jalisco cartel in Mexico. His net worth is estimated to be over $1 billion.
El Mencho, Rubén Oseguera Cervantes, and his wife Rosalinda González Valencia have successfully avoided detection for a long time. He is the head of the Jalisco New Generation Cartel (CJNG), one of the most wanted drug barons in the world, and has avoided capture for years. The U.S. Department of Justice is offering a $10 million reward for information that results in his capture. According to the most recent press reports, he is being pursued by Mexican officials. A police unit accidentally ran into his bodyguards in the small Jalisco town of San Julian in August, sparking a shooting.
Quick Facts
| Name | Nemesio Oseguera Cervantes |
| Full Name | Nemesio Oseguera Cervantes |
| Net Worth | Estimated to be over $1 billion |
| Profession | Cartel Leader (Jalisco New Generation Cartel) |
| Famous Role | Leader of the Jalisco New Generation Cartel |
| Nationality | Mexican |
Net Worth
According to estimates from the U.S. Drug Enforcement Administration (DEA), El Mencho net worth is more than $1 billion. The head of the Jalisco Cartel reportedly owned 100 Japanese restaurants, as well as real estate, retail centers, newspapers, and a tequila company that attempted to sell to Europe, according to InsightCrime.
Additionally, he had “gold bars used to launder money” and “luxurious cabins built on a lagoon on Mexico’s Pacific Coast.” A Bengal tiger and endangered birds were among the exotic animals that El Mencho formerly possessed on the property. These are only a few of the assets and possessions belonging to El Mencho that Mexican and American authorities have recently taken, claims Univision. The DEA issued a statistic that is simply an estimate but provides.
Source of income
The Jalisco New Generation Cartel is a criminal organization that generates income through various illegal activities. These include drug trafficking, methamphetamine production, extortion and protection rackets, kidnapping and ransom, money laundering, arms trafficking, human trafficking and smuggling, and oil theft.
Moreover, The cartel controls drug routes and smuggling operations. They were also caught red-handed in kidnapping for ransom, money laundering, human trafficking and smuggling.
El Mencho’s Control Over Police Operations
Mexican media outlets leaked an audio of El Mencho in which he ordered a police officer to stop his team from taking action against him. He continuously issued threats to the police officer, saying, “Didn’t you guys agree to work with us? How happily all of you accepted my money?” The police officer apologized and said, “I will ask my team to stand down, sir. You know me; I respect you a lot.” This audio reflects how powerful El Mencho is and how his net worth enables him to have anything.
Who is El Mencho?
According to BBC News, El Mencho is currently wanted in Mexico and the US. One of Mexico’s most violent and powerful drug organizations is the Jalisco New Generation Cartel, often called the Cartel de Jalisco Nueva Generacion (CJNG). Attacks on Mexican security personnel, such as the 2015 ambush in Jalisco state that killed 15 cops, are considered the work of El Mencho’s outfit.
Also purportedly carried out by the Jalisco cartel in 2020 was an attempt to kill Mexico City’s police chief. Following the death of “Nacho,” a former Sinaloa Cartel capo, by Mexican security agents in July 2010, the Jalisco cartel had taken control. The Sinaloa Cartel was split into two groups after Nacho’s death: “La Resistencia” and “Torcidos.” The “Torcidos” evolved into the Jalisco cartel, spreading quickly throughout Mexico. According to reports, his goons overpowered officials with 50-caliber guns, grenade launchers, and artillery mounted on vehicles, enabling the CJNG.
Early life
On July 17, 1964, El Mencho was born in the Mexican state of Michoacan’s municipality of El Aguaje. He was born into a low-income family. He was active in criminal activity at a young age. Mencho was detained for drug trafficking and other offenses Before joining the Guadalajara Cartel.
Career
El Mencho has committed several crimes. Mexico’s most potent and important drug cartel, The Jalisco New Generation Cartel, was led by him. El Mencho’s network has allowed him to avoid capture by the Mexican government for many years. Furthermore, He has substantial financial resources, which have allowed him to maintain his position of power.
He joined the Milenio Cartel in 2003 and began assassinating drug lord Armando Valencia Cornelio. In 2018, PGR paid MXN$30 for information leading to his arrest, and his net worth increased from $5 million to $10 million. His wife was arrested on money laundering charges in 2018. The high rise in El Mencho Net worth of his criminal power.
Family
Rosalinda González Valencia, wanted by the Mexican government, married El Mencho. The couple has two sons and one daughter. Authorities in Mexico are looking for El Mencho, hiding in a safe house there.
In 2017, she requested protection from prosecution on her husband’s behalf. Authorities accepted her application. But she could not be prosecuted unless criminal charges were filed against her.
El Mencho has five brothers: Juan, Miguel, Antonio, Marín, and Abraham. In the 1990s, Abraham received a 10-year sentence in California. Later, he faced murder accusations in Michoacán. In 2015, authorities in Jalisco arrested Antonio, who lived in the U.S., for working as one of El Mencho’s top financial operators. Furthermore, Marín faced undisclosed accusations in a California court.
Rosalinda González Valencia is El Mencho’s wife, and the couple has three children: Jessica Johana, Laisha, and Rubén Oseguera González. Mexican authorities suspected Omar Eleazar Oseguera Cervantes was part of the CJNG leadership structure.
Health
According to a report, El Mencho reportedly has kidney illness and established a hospital in the community of El Alchuatl to aid in its treatment in 2020.
