March 12th, 2009 in Breaking News, War on Drugs

Why is Forbes Magazine putting a Mexican drug lord on its billionaire list??

BBC NEWS | Americas | Mexican ‘drug lord’ on rich list.

Forbes magazine’s latest list of the world’s billionaires includes Mexico’s most wanted man - Joaquin Guzman.

The 54-year-old, who is said to be the head of one of Mexico’s most powerful drug cartels, is 701st on the list with an estimated fortune of $1bn (£722m).

Mr Guzman, who escaped from a Mexican prison on 2001, is understood to be at large in Mexico or Central America.

Mexican officials blame much of the recent violence in the north of the country on Mr Guzman.