Larry Hoover Net Worth
Curious about the net worth of Larry Hoover? The renowned drug lord and gang leader have captivated the interest of numerous individuals throughout the years.
At the height of its power, his drug empire in Chicago allegedly generated an annual revenue of up to $100 million, contributing significantly to his immense wealth.
In May 2023, Larry Hoover’s net worth stands at $10 million. This piece will explore the intricacies of Hoover’s life and the path he took to accumulate his wealth.
Early Life
Born in Jackson, Mississippi, on November 30, 1950, Larry Hoover and his family later moved to Chicago, Illinois during his childhood. The city was infamous for its criminal activities, and it didn’t take long for Hoover to become involved.
At the tender age of 12, he had already embarked on a path of criminal activities. Initially, the offenses he committed were relatively minor, such as engaging in store robberies and looting residential properties alongside his friends. As time went by, they began dubbing themselves The Supreme gangsters, cementing their reputation in the realm of unlawful behavior.
Larry Hoover assumes the role of leader for this group.
Chicago Street Gang Gangster Disciples
During the 60s in Chicago, there existed numerous noteworthy gangs, not limited to just the Supreme gangsters.
Another prominent gang that gained recognition was known as the Black Disciples, which was under the leadership of the renowned gangster, David Barksdale.
Larry Hoover’s uniqueness stemmed from his perspective as a businessman rather than a participant in gang warfare. Instead of seeking confrontation with rival gangs, he took a different approach by proposing a merger to the Black Disciples.
The Black Disciples reached a consensus, leading Larry Hoover to alter the gang’s activities and adopt the new name of Black Gangster Disciples Nation (BDGN).
Hoover’s operations in Chicago witnessed a significant expansion as the newly formed gang welcomed thousands of new members.
Larry Hoover Goes To Jail
After being convicted for orchestrating the killing of William “Pooky” Young, Larry Hoover received a life sentence along with an additional 200 years in prison.
Hoover became aware that Young was involved in drug theft within his organization. In response, he commanded Andrew Howard, a former member of the Black Disciples, to abduct and execute Young.
Both Hoover and Howard were arrested together in March 1973 for the murder. Subsequently, in November of the same year, they were both sentenced to life in prison.
Drug Trade
Even while incarcerated, Hoover managed to oversee the operations of his gang, effectively dominating a significant share of the drug trade in Chicago.
He actively sought alliances with diverse gangs from various backgrounds, resulting in new mergers. Among the gangs he joined forces with were the Maniac Latin, Spanish Gangster Disciples, Simon City Royals, and the Latin Eagles.
Larry Hoover Net Worth 2023
Larry Hoover, despite being convicted of murder, has managed to accumulate a substantial fortune through his illicit endeavors, resulting in a net worth of $10 million as of May 2023.
Today, he stands as an illustrious and formidable figure in the realm of crime, commanding unparalleled authority and sway over the Chicago underworld.
Despite his continued influence and ability to orchestrate gang activities from behind bars, the legacy he established ultimately proved ephemeral.
In 1990, the Black Gangster Disciple Nation underwent a division, resulting in the formation of two separate gangs: the Gangster Disciples and the Black Disciples.
Frequently Asked Questions (FAQs)
When Did Larry Hoover Get Locked Up?
In March 1973, Larry Hoover was apprehended and subsequently, in November of the same year, received a life sentence accompanied by an additional 200 years behind bars.
How Much Was Larry Hoover Making A Year?
In the 1970s, it was approximated by law enforcement authorities that Hoover’s drug operations were yielding an annual revenue of more than 100 million dollars.
What does Larry Hoover have to do with Kanye?
Kanye West commended Larry Hoover for his role in promoting peace in Chicago and his decision to leave behind his involvement in gangs. Additionally, Kanye credits Hoover for being instrumental in resolving the conflicts between Drake and himself.
Key Takeaways
Make Money Wisely
Although Hoover amassed millions of dollars from drug money, he faced dire repercussions. It is imperative to exercise prudence in wealth accumulation and adhere to the boundaries of legality.
Respect Your Rivals
By successfully mediating between rival gangs, Larry Hoover achieved a momentary respite from gang violence in Chicago, underscoring the advantages of displaying respect and engaging in effective communication with adversaries.
