Paul Castellano Net Worth – Was His Assassination Authorized?

In this article, we will examine the age, marital status, family, and wealth of the legendary mobster Paul Castellano. Continue reading the conclusion for additional information. As per Celebritynetworth, In the early 1980s, Paul Castellano, an American mafia boss, had a net worth of $20 million at the height of his authority.

Who was Paul Castellano?

American criminal boss Constantino Paul Castellano succeeded Carlo Gambino as head of the Gambino crime family. On December 16, 1985, Castellano was assassinated in an unauthorized assassination attempt.

Name Paul Castellano
Birth June 26, 1915
Profession Criminal
Nationality American
Net Worth $20 million
Gender Male
Relationship With Nina Manno

Paul Castellano’s Early Years

Castellano was born in Brooklyn, New York City, on June 26, 1915. His parents, Giuseppe and Concetta Castellano were both immigrants from Italy. Giuseppe was a butcher and part of the Mangano crime family, which evolved into the Gambino family.

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When Castellano was in the eighth grade, he quit school in order to become a butcher. In 1934, at the age of 19, he was arrested for the first time for robbing a haberdasher. The three months he spent in prison enhanced his credibility and prestige within the mob.

Paul Castellano as Lord of Lords

Catherine Castellano married Carlo Gambino, one of their cousins, in 1932. Gambino and Castellano, who joined the Mangano criminal family in the 1940s, were both members of the family. Castellano becomes a capo under the boss Albert Anastasia.Paul Castellano Net Worth

After Anastasia was murdered, Gambino, Castellano’s brother-in-law, was promoted to boss. Castellano devoted a significant portion of his career to developing genuine businesses.

However, many of his companies were bolstered by his mob connections. Castellano founded Dial Poultry, a poultry distribution company that supplied 300 butchers in New York City, during his early career.

He was also quite active in the construction concrete industry. He was responsible for transferring the Gambino family’s stake in the “Concrete Club,” a club of contractors chosen by The Commission, the Italian-American mafia’s governing body, to manage large-scale construction contracts.

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In exchange, the selected contractors would pay a two percent kickback of the total contract value to The Commission. In October 1976, Carlo Gambino passed away after choosing Castellano as his successor over Aniello Dellacroce.

This effectively divided the Gambino family into two parts, with some members backing Castellano and the rest supporting Dellacroce. Castellano ordered the deaths of a number of Gambino allies and capos during the subsequent years, further splitting the family.

In 1978, Castellano reached an arrangement between the Gambino family and the Westies, a Manhattan-based Irish-American gang. The Westies wanted the Gambino family to defend them from some of the other Italian mafia organizations in the area, while the Gambino family gained access to hitmen who were not directly affiliated with the family.

In Staten Island, Castellano constructed a luxurious 17-room house during the height of his authority. It included Carrara marble and an English garden and was supposed to imitate the White House.

After finishing the mansion, Castellano became rather reclusive and rarely left the residence. Instead, the family’s capos would visit the mansion to offer updates and receive commands.

However, Castellano was unable to avoid numerous legal issues. In 1984, he was indicted on federal racketeering charges, including several murder accusations, extortion, drug trafficking, theft, and prostitution.

He was released on bail of $2 million. In February of 1985, he was arrested for racketeering but released on bail of $3 million. A few months later, he was indicted on allegations of loansharking and tax evasion but faced no jail time.

John Gotti, Dellacroce’s protégé, became disenchanted with Castellano’s leadership the same year. Two weeks after Dellacroce’s death, he began planning Castellano’s downfall.

Castellano had distanced himself further from former supporters by not attending Dellacroce’s funeral, a gross insult to the Dellacroce family. In December of 1985, a hit squad assassinated Castellano.

Two weeks after the assassination of Castellano, Gotti was elected the new Gambino head. Seven years later, Gotti was found guilty of many racketeering counts, including the 1985 murder of Castellano. He was given a life sentence in federal prison.

Given the prominence of the Gambino crime family in the annals of organized crime, Castellano has been portrayed in various films and television series. Richard C. Sarafian portrays him in the 1996 HBO film “Gotti.”Paul Castellano Net Worth

He was also portrayed in “Witness to the Mob,” “The Big Heist,” and “Boss of Bosses” In 2018, Donald John Volpenhein portrayed him in the movie “Gotti,” and in 2020, he was the focus of the Netflix documentary “Fear City: New York vs. The Mafia.”

What was Paul Castellano’s Net Worth?

In the early 1980s, Paul Castellano, an American mafia boss, had a net worth of $20 million at the height of his authority. That is equivalent to almost $50 million now. Paul Castellano was born in June 1915 in Brooklyn, New York, and died in December 1985.

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His aliases were “The Mob’s Howard Hughes” and “Big Paulie.” He succeeded Carlo Gambino as the boss of the New York Gambino crime family. In 1985, John Gotti assassinated him in an unauthorized hit.

Paul Castellano’s Wealth and Real Estate Belongings

At the height of his authority in the early 1980s, Paul Castellano was reported to be worth at least $20 million. However, his exact net worth is impossible to ascertain. Inflation-adjusted, this is equivalent to almost $50 million.

Sammy “The Bull” Gravano would later disclose in his book that mob bosses like Paul and John Gotti earned $10-15 million annually. In 1981, Castellano spent more than a million dollars to construct a beautiful 17-room residence on Staten Island, which was afterward dubbed The White House.

The residence features an Olympic-sized swimming pool, an English garden, and Carrara marble of the highest quality throughout. In order to fund his extravagant lifestyle, Castellano demanded 15 percent of his capos’ revenues instead of the customary 10 percent.

In a time when many of his capos were trying to make ends meet, Paul’s magnificent residence and the rise in monthly tribute planted the roots for his eventual assassination.

Paul Castellano’s Personal Life

In 1937, Castellano wed Nina Manno, his boyhood sweetheart. Together, the couple had three sons and one daughter. He also had an affair with Gloria Olarte, a live-in maid from Colombia.

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