Larry Hoover Net Worth

Larry Hoover net worth

Have you ever wondered what the net worth of Larry Hoover is? The famous drug lord and gang leader have been a source of fascination for many over the years.

His wealth was generated through his long-standing drug empire in Chicago, which reportedly produced as much as $100 million a year in revenue at its peak.

As of May 2023, Larry Hoover has a net worth of $10 million. This article will delve into the details of Hoover’s life and how he achieved his wealth.

Early Life

Larry Hoover was born In Jackson, Mississippi, on November 30, 1950. When he was still a child, he and his family relocated to Chicago, Illinois. Chicago at the time was notorious for criminal activity, and it didn’t take long for Hoover to take part. 

By the age of 12, he was already committing crimes. At first, the crimes were not severe. He and his friends would commit crimes like robbing stores and looting homes. Before long, he and his friends would call themselves The Supreme gangsters.

 Larry Hoover would take the mantle of leader for this group.

Chicago Street Gang Gangster Disciples

The Supreme gangsters weren’t the only gangs in Chicago. there were many notable gangs in Chicago during the 60s.

One gang of note was called the Black Disciples. this gang was led by another famous gangster named David Barksdale.

What made Larry Hoover so unique was that he viewed it more as a businessman instead of trying to engage in combat with his rival gangs. He approached the Black Disciples and offered a merger.

The Black Disciples agreed, and Larry Hoover would rename the gang’s operations to Black Gangster Disciples Nation (BDGN).

With the thousands of new members of the newly formed gang, Hoover expanded his operations all throughout Chicago.

Larry Hoover Goes To Jail

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Source: BBC

Larry Hoover was sentenced to life in prison plus 200 years after being found guilty of ordering the murder of 19-year-old William “Pooky” Young. 

Hoover caught wind that young was stealing drugs from his organization and ordered Andrew Howard, a black disciple member at the time, to abduct and kill him.

Hoover was arrested along with Howard in March of 1973 for the murder. It was in November of 1973 that both of them were given a life sentence in prison.

Drug Trade

Although in prison, Hoover still ran the gang’s operations. He and his gang took over a large portion of the drug trade activity in Chicago. 

He would form new mergers with other gangs of all types of backgrounds. Some gangs he merged with are the Maniac Latin, Spanish Gangster Disciples, Simon City Royals, and the Latin Eagles.

Larry Hoover Net Worth 2023

As of May 2023, Larry Hoover has a net worth of $10 million. Larry Hoover would get convicted of murder but still managed to amass a huge fortune through his criminal activities.

He is one of the most famous and powerful crime bosses today, with incredible influence and power in the Chicago gangs.

Although he is still a very powerful man and ran his gang operations from prison for a long time, what he built didn’t last.

By 1990 the black gangster disciple Nation had split back into two gangs, the Gangster Disciples and the black disciples. 

Frequently Asked Questions (FAQs)

When Did Larry Hoover Get Locked Up?

Larry Hoover was arrested in March of 1973 and was sentenced to life in prison plus 200 years in November of 1973.

How Much Was Larry Hoover Making A Year?

The police estimated that in the 1970s, Hoover was making over 100 million dollars a year from his drug operations.

What does Larry Hoover have to do with Kanye?

Kanye West praised Larry Hoover for helping bring peace to Chicago and renouncing his gang activity. He also says Hoover is the reason Drake and Kanye were able to settle their issues.

Key Takeaways

Make Money Wisely

While Hoover made millions of dollars from drug money, he suffered severe consequences. It is essential to make money wisely and stay on the right side of the law.

Respect Your Rivals

Larry Hoover was able to broker peace between rival gangs, providing temporary relief from gang violence in Chicago. This highlights how mutually beneficial it can be to respect and communicate with rivals.