John Gotti Net Worth: How Rich American Gangster John Gotti Is?

By Mohit Kamboj On Jul 27, 2022

At the height of his illegal career, John Gotti, an American gangster and mafia leader, amassed a fortune of $30 million (after adjusting for inflation). The media dubbed him “Teflon Don” because of his reputation for eluding federal indictments for his crimes. In the end, he was found guilty in 1992 of a slew of federal crimes. He was the head of the Gambino crime family, which had its headquarters in New York City and was run by him.

John Gotti Wealth And Earnings

Combining activities including loan sharking, construction, gambling, hijacking, and extortion resulted in annual profits for the Gambino family that were in the hundreds of millions of dollars. According to the information provided in the book “Underboss,” the Gambino criminal family brought in annual revenue of $500 million.

Sammy the Bull Gravano, in the same book, makes the assertion that he and Gotti earned a combined total of $5 million on an annual basis, and that in many years, they made a combined total of $10–15 million.

John Gotti Early Life

John Joseph Gotti Jr. was born on October 27th, 1940 in the Bronx, which is located in New York City, New York. His full name is John Gotti. He was the fifth kid out of ten children to be born to his parents, and the family struggled financially while the children were growing up.

His parents were born in New York, but his grandparents originated from San Giuseppe Vesuviano, which is a town in Italy’s Campania region that is close to the province of Naples. Gotti’s father was a day laborer, and Gotti blamed his father for not being prepared to put in more effort to improve the family’s standard of living through more employment.

When he did go to school, he was a bully and he did not attend school on a regular basis when he was a teenager. When he was twelve years old, he first participated in illegal activities and joined street gangs. He has been involved in both since then. During an unsuccessful attempt to steal a cement mixer when he was just fourteen years old, he hurt his foot and caused himself a chronic limp as a result. The piece of machinery toppled over and stomped on each of his toes.

After a brief stint as a student at Franklin K. Lane High School, he chose not to continue his education and, at the age of sixteen, joined the Fulton-Rockaway Boys, a group linked with the mafia. Angelo Ruggiero, who would later become a Gambino mobster, and Wilfred “Willie Boy” Johnson, who would eventually work as an informant for the FBI, were both members of the gang at the time.

John Gotti Early Mobster Days

During his adolescence, Gotti executed many truck hijackings at what is now the John F. Kennedy Airport while running errands for Gambino Family capo Carmine Fatico. He met his mentor Aniello “Neil” Dellacroce and made friends with Joseph Massino, who would later become the leader of the Bonanno family.

Gotti was detained in 1968 for stealing trucks from the airport. After posting bail, he was detained once more for stealing a sizable amount of smokes. He and his comrade Ruggiero received a three-year sentence at the Lewisburg Federal Penitentiary after entering a guilty plea to the charges.

After being freed in 1972, the two resumed their involvement with the Gambino Family. Soon after being released from prison, Gotti was appointed acting Capo. Gotti was a member of the hit team entrusted with eliminating the main suspect, James McBratney when Carlo Gambino’s nephew was murdered.

When their intentions fell through, they murdered McBratney in broad daylight, which resulted in Gotti’s identification and subsequent murder prosecution. He negotiated a plea deal with the help of notorious lawyer Roy Cohn, which led to brief four-year imprisonment.

John Gotti Captain

Paul Castellano was chosen as Carlo Gambino’s successor rather than Dellacroce, who was serving a prison sentence at the time and could not challenge Gambino’s choice. His release in 1977 ushered him into the ranks of the mob, where he remains today. Under Gotti, he was promoted to capo of the Bergin crew, which became Dellacroce’s most successful crew.

He took part in the Lufthansa Heist, a massive bank heist that went unpunished at the end of 1978. Family buddy was kidnapped and presumably murdered one year after the death of the 12-year-old Gotti’s son on a friend’s minibike in 1980.

It was Gotti and two others who took over as acting leader after Castellano was indicted in a RICO case. Gotti, who had always been faithful to Dellacroce, was already plotting to seize leadership of the organization with the help of other mob members and the Families.

After Dellacroce’s death from cancer in 1985, Gotti was adamant about removing Castellano from the succession scenario. Rather than contact the employers directly, he sought advice from other members of the Five Families who were of a similar generation. As soon as the hit was made on December 16th, Gotti was formally recognized as the new Boss.

John Gotti Gambino Family Boss And Conviction

In the middle of the 1980s, Gotti was still being investigated for RICO violations; however, after another family was found responsible for a series of bombings, Gotti’s trial was postponed out of concern that the publicity might prejudice the jury. By the time August 1986 rolled around and jury selection began for Gotti’s trial, the Gambino family had already paid a juror $60,000 to ensure either an acquittal or a hung jury in the case.

In the next year, Gotti was found not guilty of all charges. When he was being investigated for illegal activity, the media referred to him as “Teflon Don” due to the fact that the court system always seemed to side with him and the allegations against him were dropped.

However, Gotti’s insistence that the group meets at the Ravenite Social Club once a week would prove to be his undoing because the club was tapped by the FBI during this time. This was Gotti’s end. In spite of the fact that he was able to avoid conviction in a case involving assault that was brought against him in 1989, he was taken into custody in 1990 and accused of racketeering, five murders, tax fraud, bribery, and loansharking.

The recordings made by the FBI were successful in generating a divide between Gotti and his underboss Gravano, who eventually agreed to testify against Gotti as a result of the rift. Gotti was convicted guilty of all charges in April of 1992, and he turned himself into the federal authorities in December of the same year.

John Gotti’s Personal Life And Death

A medium-security prison, US Penitentiary, Marion, was the location where Gotti was imprisoned. Two Agrarian brothers were paid between $40,000 and $400,000 by Gotti to carry out killings in revenge for an assault he received from a fellow inmate in July of 1996. As a result of this, the individual targeted was relocated to a new facility. The Arian Brotherhood may have had second thoughts about carrying out the assassinations after all.

Gotti and Victoria were married in 1958 and are the parents of five children. “Mob Wives,” “The Real Housewives of New Jersey,” and their own family’s reality show “Growing Up Gotti” are just a few of the reality series in which their children have appeared.