Nicky Barnes Net Worth

Leroy Nicholas Barnes (October 15, 1933 – June 18, 2012) was a New York City criminal boss in the 1970s.

Barnes founded The Council in 1972, a seven-man African-American organized crime syndicate that controlled a substantial portion of the heroin trade in New York City’s Harlem neighborhood.

Barnes, in collaboration with the Italian-American Mafia, turned The Council into an international drug trafficking operation until his arrest in 1977. Barnes was sentenced to life in jail and later became a federal informant, which contributed to the Council’s demise in 1977. Barnes was in Witness protection with the US Marshals Service at the time of his death, and his obituary appeared in The New York Times seven years later.

Mr. Untouchable, a book written by Tom Folsom and a documentary DVD about his life, was released in 2007.

Nicky Barnes Has a Net Worth of $1 Million Dollars

Kenneth Petty Net Worth

Nicky Barnes, an ex-criminal and government informant from the United States, has a net worth of $500,000. Nicky was worth more than $50 million at the height of his drug-trafficking career. Cuba Gooding, Jr. played Nicky in the 2007 film “American Gangster.”

On October 15, 1933, Leroy Nicholas Barnes was born in Harlem, New York. Nicky was the leader of “The Council,” a New York-based crime syndicate that controlled a large share of the city’s heroin trade at the height of his dominance. After spending time in prison, Barnes kicked his heroin habit and began dealing instead of using it. He was sent to prison again in 1965, this time for trafficking heroin. He met several other drug-dealing criminals and learned how to run a drug-trafficking ring while incarcerated. After his conviction was reversed, Barnes returned to Harlem and formed The Council. The organization extended into Pennsylvania and Canada in the mid-1970s.

In June 1977, he was featured as “Mr. Untouchable” on the cover of “The New York Times Magazine.” President Jimmy Carter authorized Barnes’ prosecution as a result of the photo, and Barnes was sentenced to life in prison in early 1978 for his narcotics offenses. Barnes discovered that his Council members had betrayed him while he was in prison, including one who was sleeping with his wife. As a result, Barnes changed his mind and began cooperating with the authorities, resulting in the indictment of more than 40 other suspected perpetrators. Barnes’ sentence was reduced to 35 years for his cooperation, and he was released in the summer of 1998. Barnes released his memoir “Mr. Untouchable” in 2007 and spoke with Howard Stern on the radio. He is currently a Witness Protection Program participant.

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Biography of Leroy ‘Nicky’ Barnes

Kenneth Petty Net Worth

Leroy Nicholas ‘Nicky’ Barnes is a former notorious criminal and subsequently government informant from Harlem, New York City. He was most known for leading “The Council,” a New York-based criminal organization. Nicky, who was born on October 15, 1933, is also the co-author of the book “Mr. Untouchable,” which he co-wrote with Tom Folsom. Nicky has also released a DVD with the same title.

Nicky Barnes is one of America’s most well-known former drug lords, so how wealthy is he now? Nicky has a net worth of $500,000 as of early 2016. The publication of Nicky’s memoir, “Mr. Untouchable,” has been the major factor in increasing his current net worth. His employment as an informant for the government must also have contributed to his wealth.

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Early Life and Professional Career

Leroy Nicholas Barnes was born into an African-American family in Harlem, New York City, on October 15, 1933. Barnes, a strong student in his adolescence, left home early to get away from his abusive alcoholic father and turned to drug selling for a living. Barnes was hooked on heroin for several years in his twenties until he spent time in prison, at which point he was able to overcome his addiction. Barnes was sentenced to prison in 1965 for low-level narcotics selling when he met “Crazy” Joe Gallo of the Colombo crime family and Matthew Madonna of the Lucchese crime family. Gallo wanted a bigger presence in the Harlem heroin market, but he didn’t have anyone who could deal with the largely African-American neighborhoods. Gallo is thought to have passed on his expertise on how to manage a drug trafficking ring to Barnes and asked him to put together the necessary team. When Gallo was released from prison, he offered Barnes counsel, and Barnes’ conviction was overturned on a technicality. [6] Barnes returned to New York City and began assembling his team, as well as cutting and packaging heroin.

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Thelma Burns, Nicky’s First Wife

Nicky Barnes Net Worth

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