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Forbes Daily Briefing

Why Drug Kingpin El Mencho’s Billion Dollar Fortune Will Likely Remain Untouched By Authorities

Forbes Daily Briefing

Forbes

News, Tech News, Business

4.418 Ratings

🗓️ 2 March 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Through drug trafficking, extortion and human smuggling, El Mencho built a criminal enterprise with no less than $50 billion in assets. Here’s how much the founder of the Jalisco New Generation Cartel may have been worth—and what is likely to happen to his fortune.

Transcript

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0:00.0

Here's your Forbes Daily Briefing for Monday, March 2nd.

0:05.0

Today on Forbes, why Drug Kingpin El Mentiono's billion-dollar fortune will likely remain untouched

0:11.7

by authorities.

0:13.9

On the evening of Saturday, February 21st, Nemesio El Mentiono Osegera was enjoying himself in a luxury cabin nestled in the pine-covered

0:23.6

hills of a resort community in Topalpa, a popular tourism destination in the western state of

0:29.0

Halisco. Early Sunday morning, a squadron of Mexican security forces gunned down the 59-year-old

0:35.8

drug lord in a five-hour firefight.

0:39.1

The feds had found Mexico's most wanted man by tracking the movements of the lover whom

0:43.5

he had traveled to meet for the weekend.

0:47.0

Elmensch leaves behind the Halisco New Generation cartel, known as C.J.N.G., one of Mexico's

0:53.2

two largest drug trafficking organizations, along with the

0:56.4

Sinaloa cartel. That cartel was formerly led by Joaquin El Chappo, Guzman, who was 68 years old

1:03.7

and is serving a life sentence in a U.S. prison. El Mancho, a former Halisco state policeman who lived

1:10.2

and was incarcerated in the U.S. as a young man,

1:13.5

founded C.J.N.G. in 2009 as an offshoot of the millennial cartel,

1:18.7

following the arrests and deaths of Millennio's leaders and a vicious power struggle.

1:24.1

With his combination of organizational efficiency and psychotic ruthlessness, like dumping dozens

1:29.2

of tortured bodies in the streets of Veracruz one evening in 2011, El Mentiono grew his

1:34.5

outfit into a diversified criminal enterprise beyond just drug smuggling, with interests

1:39.7

in human trafficking, large-scale extortion, fuel theft, and financial scams.

1:46.0

In all likelihood, El Mentiono was Mexico's richest kingpin at the time of his death.

1:51.0

Mexican officials estimated in 2017 that C.J.N.G. Enterprises held roughly $50 billion

...

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