What is Rayful Edmond's Net Worth?
Rayful Edmond is a former drug kingpin who had a peak net worth of $50 million dollars. A drug dealer, Rayful Edmund, is considered by many to be responsible for the introduction of crack cocaine to the Washington, D.C. area. He was arrested in 1989 and sentenced to life in prison. He continued to deal drugs while in prison, and after being convicted, again, became a government informant. He remains incarcerated to this day. Born November 26, 1964 in Washington, D.C., he is notorious for having made millions of dollars in the '80s, dealing crack cocaine. By the time he was 22 years old, he had made millions of dollars shipping drugs in from Los Angeles, California. While still a teen, Edmond met D.C. drug kingpin Cornell Jones and began to make key drug connections.
Through Edmond's knowledge of his own neighborhood, he created what he called The Strip, a series of back-alley escape routes to escape the police when necessary. Edmond soon wanted to expand his reach and in April 1987, while on a trip to Las Vegas, he met a Los Angeles drug dealer named Melvin Butler who could supply him with Colombian cocaine at bargain prices. What began as one shipment turned into hundreds of kilos a month. Edmond began flaunting his wealth, spending money on lavish cars, clothing and decadent partying. By 1989, nearly 60 percent of the city's market belonged to Edmond. The city's murder rate had nearly doubled in three years and the D.C. police began to wage a war on drugs-Edmonds being their primary target. After a string of wiretappings, investigations into Edmond's finances, testimony from informants and confessions of members in his drug ring, Edmond was arrested in 1989, along with 28 associates, 11 of whom were members of Edmond's family. He was sentenced to two life terms for a number of federal offenses and later struck a deal with law enforcement to become a government informant.
