Craig Petties Net Worth 2024 [Career, Age, Family]

In terms of celebrity net worth rankings and legitimate business rankings, Craig Petties is probably not one of the most well-known names. However, he is most well-known for his past as a drug kingpin and his involvement in the drug business.

The discussion of Craig Petties net worth in the year 2024 is not centred around the wealth he has acquired through legal means, but rather on the illicit fortunes that he has acquired as the leader of one of the largest drug trafficking organizations associated with Mexican drug cartels in the southern states.

As of 2024, we are going to dive into details about Craig Petties’ net worth, his background, and how he accumulated his wealth in this article. He is, in the end, a reminder of the high cost of crime and the illusion of prosperity it offers as a result of it.

There is no doubt that Craig Petties, who was a drug trafficker from the mid-1990s until 2008, commanded an empire of criminal activity in Memphis, Tennessee. His ties to the Mexican drug cartel were very strong.

In the history of the Memphis federal court system, the case against him and his organization has been considered to be the biggest drug-related trial. As a 36-year-old man, Petties received a life sentence in 2013 and is currently incarcerated as a part of that sentence.

Early Life- Craig Petties Age:

Originally from Memphis, Tennessee, Craig Pettis was born on December 11, 1976, and has lived in Memphis ever since. His family lived in the impoverished Riverview neighbourhood on West Deason Avenue with his mother and sister. As of now, he is 46 years old.

Craig Petties Net Worth:

Approximately $100 million is the estimated Craig Petties Net Worth. Having worked in the entertainment industry as well as investing in a wide range of businesses, much of his wealth has come from his involvement in the entertainment industry. Furthermore, he has also made a considerable amount of money from his real estate investments over the past few years.

Craig Petties Net Worth

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Craig Petties Lifestyle:

Known for his extravagant lifestyle, Craig Petties is known for living a lavish life. There are many exotic locations around the world that he enjoys travelling to, and he often takes luxurious vacations to these exotic places. As well as owning a range of high-end cars, such as a Ferrari and a Lamborghini, he also owns some luxury yachts. As a passionate art collector, he has a significant collection of paintings and sculptures that he has collected over the years.

It is no secret that Craig Petties has been one of the most successful businessmen and entrepreneurs in the entertainment industry. It is estimated that he has an estimated net worth of $100 million, enjoys a luxurious lifestyle, and is 46 years old. As a philanthropist, he is involved in many charitable organizations and causes and is actively involved in the community.

Craig Petties Family:

The family lived in a small brick house that had been purchased by his mother for $17,000, and it was a brick home. As much as the adult court was recommended for the case, it was remanded back to the juvenile court due to its juvenile nature.

The half-brother of Petties was born 32 days after Petties in South Memphis, and he was named Paul Beauregard. There is no doubt that Petties’ mother made a good living working as a foster parent in the Shelby County school system, earning just over $15,000 a year.

In the late 1980s, during the crack cocaine epidemic, the neighbourhood was known for its drug activities, and Petties became involved in the drug trade selling drugs in the neighbourhood.

He was nicknamed Lil’ C as a result of his short stature. In 1991, along with half-brother Ricky Dunigan, Beauregard formed a hip-hop group known as Three 6 Mafia.

During the summer of 1992, Petties, who was 15 years old at the time, was arrested for possession of a sawed-off shotgun, which he used to intimidate coat thieves.

His gun was accidentally discharged, so he contacted the police himself after discharging the weapon. In Petties’ case, when she was 16 years old, she decided to leave school and subsequently faced three additional arrests as a result.

It is important to note that he has been arrested twice for selling crack cocaine in 1993 and once for attempted murder during this period. As a result, he and a group of his co-conspirators shot their rival, Eric Cole, who survived the attack.

Craig Petties Adulthood

Petties, who was 18 years old at the time, was a drug dealer making good money at the age of 18. To retrieve Petties’ money, he called Allen, who is Petties’ cousin.

In the past few days, one of my acquaintances, the top dealer in South Memphis, has been arrested with $500,000 cash hidden in his impound Chevrolet Lumina.

The cash was recovered by Petties after Allen enlisted the help of Allen. As a result, the car’s owner was double-crossed, the money was divided among friends, and Petties was left with $50,000. His mother had a tree that needed to be removed and he helped her remove it.

The remaining money was invested in buying drugs and reinvesting the profits back into the company by Petties with a keen business mindset.

The Gangster Disciples were formed by him in Memphis and he became the leader of this criminal enterprise, which grew into a major drug trafficking ring. This is when he met his loyal cousins Clinton Lewis and Martin Lewis for the first time.

Having reached the age of 21, Petties was arrested for burglarizing boxcars as an adult. He was 22 years old when he bought a $185,000 house, paid off the debts, and bought a Bentley, a Mercedes-Benz, as well as property in Las Vegas by the time he was 23.

PERSONAL LIFE

In addition to Craig Petties, Latosha Booker is also a member of the Petties family. There is, however, no specific information about their children or any other aspects of their personal lives that can be found on the site.

CAREER

In the Riverview neighbourhood of South Memphis, Petties started as a petty drug dealer dealing a few drugs. In the following years, he was able to expand his business beyond Memphis to include the entire Southeast, which quickly led to buying and selling large amounts of drugs. The Mexican drug cartel bosses were impressed by his skills and he went on to be a leader of one of the most violent multi-state drug cartels in the world.

Craig Petties Net Worth

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INTERESTING FACTS ABOUT CRAIG PETTIES

  • It was in the Riverview neighbourhood of South Memphis that Craig Petties began his career in drug trafficking as a petty drug dealer.

  • With the help of the Mexican drug cartel, he expanded his business throughout the southeast and worked closely with the Mexican government.

  • Petties was the leader of one of Tennessee’s largest and most violent drug organizations.

CONCLUSION

As a result of his drug empire assets, Craig Petties has a net worth of around $1 billion, and he is currently serving a life sentence without parole in prison. The amount of his net worth in 2023 is unknown at this time. Petties’ story serves as a cautionary tale on how social issues can lead to a life of crime and the consequences that may follow. Although Petties was once a wealthy and powerful man, he now finds himself behind bars, demonstrating the fact that crime does not pay in the long run.

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