Forbes drops drug lord Joaquin ‘El Chapo’ Guzman from billionaires list

Dana Ford, CNN
Updated 10:31 PM EST, Mon March 4, 2013
A skull of someone thought to be a victim of drug violence lies on the ground in Ciudad Juarez in early 2010. The border city of Juarez has been racked by violent drug-related crime, making it one of the most dangerous cities in Mexico's war on drugs. According to figures released on January 11 by the Mexican government, 12,903 people were killed in drug-related violence in the first nine months of 2011.
Mexico's long-running drug war —
A skull of someone thought to be a victim of drug violence lies on the ground in Ciudad Juarez in early 2010. The border city of Juarez has been racked by violent drug-related crime, making it one of the most dangerous cities in Mexico's war on drugs. According to figures released on January 11 by the Mexican government, 12,903 people were killed in drug-related violence in the first nine months of 2011.
Mexico's long-running drug war —
Mexican Federal Police stand guard over 105 tons of marijuana seized in Tijuana, Mexico, in October 2010. Smuggling remains a booming business. For example, south of the border it costs $2,000 to produce a kilo of cocaine from leaf to lab, according to the DEA. In America, a kilo's street value is significantly higher.
Mexico's long-running drug war —
Mexican Federal Police stand guard over 105 tons of marijuana seized in Tijuana, Mexico, in October 2010. Smuggling remains a booming business. For example, south of the border it costs $2,000 to produce a kilo of cocaine from leaf to lab, according to the DEA. In America, a kilo's street value is significantly higher.
The cartels arm themselves heavily. Here, Mexican Federal Police display a large cache of high-powered weapons, grenades, ammunition and 2 kilos of cocaine, all seized from the Zetas cartel in October 2010.
Mexico's long-running drug war —
The cartels arm themselves heavily. Here, Mexican Federal Police display a large cache of high-powered weapons, grenades, ammunition and 2 kilos of cocaine, all seized from the Zetas cartel in October 2010.
Mexican army soldiers display $15 million U.S. on November 22, 2011, in Mexico City. The money was seized from alleged members of the Guzman Loera drug cartel during a raid in the border town of Tijuana, Mexico.
Mexico's long-running drug war —
Mexican army soldiers display $15 million U.S. on November 22, 2011, in Mexico City. The money was seized from alleged members of the Guzman Loera drug cartel during a raid in the border town of Tijuana, Mexico.
AFP/Getty Images
Mexico's long-running drug war —
Two bodies hang from a bridge in Mexico in September 2011. Some cartels have developed reputations for sickening brutality -- seeming to kill for pleasure, just because they can.
Mexico's long-running drug war —
Two bodies hang from a bridge in Mexico in September 2011. Some cartels have developed reputations for sickening brutality -- seeming to kill for pleasure, just because they can.
The Zetas cartel was blamed for setting fire to the Casino Royale in Monterrey, Mexico, in August 2011. That attack killed 52 people.
Mexico's long-running drug war —
The Zetas cartel was blamed for setting fire to the Casino Royale in Monterrey, Mexico, in August 2011. That attack killed 52 people.
Mexico's long-running drug war —
American-born Edgar Valdez Villareal, or 'La Barbie,' of the Beltran Leyva drug cartel, was arrested in August 2010 in Mexico, and smiled as he was paraded in front of the press.
Mexico's long-running drug war —
American-born Edgar Valdez Villareal, or 'La Barbie,' of the Beltran Leyva drug cartel, was arrested in August 2010 in Mexico, and smiled as he was paraded in front of the press.
AFP/Getty Images
Joaquin Guzman, or "El Chapo" (Shorty), is the boss of the Sinaloa cartel. In this last-known photo taken outside a Juarez prison in 1993, the 5 foot 6 inch son of a poor family wears a schoolboy haircut and a disheveled puff-coat. He has eluded capture for more than a decade.
Mexico's long-running drug war —
Joaquin Guzman, or "El Chapo" (Shorty), is the boss of the Sinaloa cartel. In this last-known photo taken outside a Juarez prison in 1993, the 5 foot 6 inch son of a poor family wears a schoolboy haircut and a disheveled puff-coat. He has eluded capture for more than a decade.
After his election in 2006, President Felipe Calderon declared war on the cartels, sending the military out across the country and fired hundreds of corrupt police officers. Calderon's administration trumpets its successes, but the president is a lame duck. Term limits prohibit him from running again in 2012.
Mexico's long-running drug war —
After his election in 2006, President Felipe Calderon declared war on the cartels, sending the military out across the country and fired hundreds of corrupt police officers. Calderon's administration trumpets its successes, but the president is a lame duck. Term limits prohibit him from running again in 2012.
Mexico's long-running drug war

Story highlights

Forbes had previously put Joaquin "El Chapo" Guzman's fortune at $1 billion

He is the boss of the Sinaloa cartel, one of Mexico's most powerful trafficking operations

Guzman is one of 68 billionaires reported dropped from the list this year

Fortunes forever rise and fall, but perhaps none so fast as those of drug lords.

On Monday, Forbes magazine released its annual list of the world’s richest people, and for the first time since 2009, Joaquin “El Chapo” Guzman did not make the cut.