Big Meech’s net worth is estimated at $100 million, meaning that he still has money, according to several sources. He made his wealth through the Black Mafia Family (BMF) which was one of the most notorious drug trafficking and money laundering organizations in the United States.
Known across the United States as the incarcerated founder and leader of the Black Mafia Family, Big Meech allegedly made over $270 million through the illegal operations of his criminal organization. He and his brother, Terry Flenory (Southwest T), were said to have created a cocaine distribution channel throughout the country. They did this through their drug source based in Los Angeles and were also directly linked to Mexican drug cartels.
What Is Big Meech’s Net Worth Currently?
Big Meech’s current net worth, according to multiple sources, is a massive $100 million. The incarcerated drug lord accumulated his wealth through the criminal activities of the Black Mafia Family which he founded with his brother Terry Flenory. While his net worth is now estimated at $100 million, it is said that his organization made over $270 million in the course of its unlawful operations across the United States.
Born and raised in Detroit, Michigan alongside his younger brother Terry, the Flenory brothers began selling drugs during their high school days. It is said that they began by selling bags of cocaine on the streets of Detroit for $50.
This laid the foundation for them to found the Black Mafia Family in Southwest Detroit in 1985. Through the organization, Big Meech and his brother engaged in drug trafficking and money laundering which made them multi-millionaires.
To effectively distribute drugs across the country, the brothers operated from two main hubs. While his younger brother was in charge of the Los Angeles hub where they receive shipments from Mexico, Big Meech ran the Atlanta hub which oversaw the distribution of drugs all over the country.
As of the year 2000, Big Meech and his brother had nurtured the organization into a large one with over 500 members that help them carry out cocaine distribution sales.
He Founded BMF Entertainment to Serve as a Front Organization for His Criminal Activities
Big Meech was smart with the operations of his criminal activities. With the expansion of BMF across the country, he realized that the law would be coming for him. To stay below the radar, he decided to create a front organization. This led to the establishment of BMF Entertainment in the early 2000s.
While serving as a front for his drug trafficking and money laundering activities, BMF Entertainment was known to the public as a promotion agency and record label for hip-hop music. Through this entertainment company, Meech and his brother got acquainted with many high-profile figures in hip-hop, including the likes of Fabolous, Young Jeezy, Diddy, Jay-Z, and T.I.
As such, they could easily pass for music executives making money through legal means while laundering the money made through their cocaine distribution network. It was around this time that the brothers officially adopted Black Mafia Family as the name of their organization.
Things seemed to be going well for them but by 2003, the brothers had become estranged from each other. According to reports, Terry was sick of Big Meech who was always partying and attracting unwanted attention to their business.
Is Big Meech Still a Drug Lord?
As far as the public knows, Big Meech is no longer a drug lord. Alongside his brother, Terry Flenory, he pleaded guilty to running a continuing criminal enterprise in November 2007. This was after years of police investigations into the Black Mafia Family activities. In 2005, the Drug Enforcement Administration indicted several members of the Black Mafia Family. Through that, they targeted the Flenory brothers and ultimately secured their convictions.
It began with an investigation codenamed Operation Motor City Mafia in 2003 and in 2005, several raids and arrests were made. Around this time, the brothers were captured with several charges brought against them. After they pled guilty, they were both sentenced to 30 years imprisonment for operating a nationwide cocaine trafficking ring.
However, on the 5th of May 2020, Big Meech’s younger brother was released to home confinement. It is said that he was granted a compassionate release because of his health and the need to release some inmates in order to curtail the spread of coronavirus in prisons.
Big Meech applied to receive the same compassionate release as his brother but was rejected. This was because his prison records showed that he was yet to change. It was said that he kept promoting himself as a drug lord in prison and had been caught violating several rules like drug use and possession of weapons. So he continues to serve his sentence at the Federal Correctional Institution, Sheridan.
Based on his original sentencing, he will be due to regain his freedom when he is 61 years old, precisely on the 5th of May 2029. But in June 2021, a federal judge reduced Meech’s sentence by three years for good behavior. In all, he still has a lot of time to spend behind bars, but will be freed sooner than expected.
What Businesses Currently Contribute to Big Meech’s Net Worth?
Big Meech has been in prison since 2008, paying for his drug trafficking and money laundering crimes through the Black Mafia Family organization. He is not a free man and to the best of our knowledge, does not make money through any means at the moment.
Several reports have claimed that he makes an average of $2 million per year. But these reports are based on Big Meech’s days as the leader of the Black Mafia Family. As far as we know, he currently has no source of income as he is in prison. If that’s the case, how then is he worth $100 million?
Well, it is believed that Big Meech had assets and money he kept away from the authority when he was arrested and subsequently jailed. The assets are said to constitute the bulk of his wealth currently estimated at $100 million.