Olof K Gustafsson Net Worth 2023, Age, Wife, Children, Height, Family, Parents, Escobar Inc

Olof K Gustafsson net worth

Read the complete write-up of Olof K Gustafsson net worth, age, wife, children, height, family, parents, Escobar Inc as well as other information you need to know.

Introduction

Olof K Gustafsson is a Swedish businessman, investor, finance manager, and entrepreneur. He is best known to be the CEO of Escobar Inc. The company registered in Guaynabo, Puerto Rico, and tied to various scams involving selling smartphones and flamethrowers with Escobar Inc branding without delivering the products to customers. It was established on April 20, 2015. The company is known for its association with Roberto de Jesús Escobar Gaviria, the brother of Pablo Escobar, and various scams.

Early life

NameOlof K Gustafsson
Net Worth$55 million
OccupationCEO, Businessman
Height1.83m
Age28 years
Date of birthMay 14, 1993
NationalitySwedish
WifeMarried
Olof K Gustafsson net worth 2023

Olof K Gustafsson was born on May 14, 1993 (age 28 years) in Stockholm, Sweden. He grew up in Ekero with his parents, friends and siblings. He hasn’t shared the information related to his parents and siblings.

Career

Olof K Gustafsson founded his first business at the age of 13, selling comics online and by 17, Gustafsson was successfully running 4 ventures in Sweden.

Gustafsson was operating four businesses before finishing high school. He published comic compilations and since 2014, he has been serving as the CEO of Escobar Inc, which is a holding company for Pablo Escobar which he established with his brother Roberto de Jesús Escobar Gaviria.

Escobar Inc.

Escobar Inc was formed into a legal corporation on April 20, 2015, in Puerto Rico. On July 1, 2016, Escobar Inc sent a letter to Netflix, Inc. regarding the series Narcos demanding $1 billion in payment for unauthorized usage of the content.

On September 11, 2017, Carlos Muñoz Portal, a location scout from Netflix, was found assassinated in his car in Mexico. Roberto Escobar denied any involvement and offered to provide hitmen as security for Netflix. On November 6, 2017, Escobar Inc abandoned the dispute.

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Olof K Gustafsson launched a $50 million GoFundMe fundraiser on January 8, 2019, under his name on behalf of Escobar Inc in an effort to impeach President Trump. The page was promptly removed from the platform.

Escobar Inc started selling a propane torch in July 2019, made to look like a flamethrower and accused The Boring Company CEO Elon Musk of intellectual property theft, alleging that The Boring Company’s promotional Not-a-Flamethrower is based on a design that Roberto Escobar discussed in 2017 with an engineer associated with Musk. Via media, Escobar Inc publicly offered Musk a settlement of $100 million in cash or Tesla shares; otherwise, they would use the legal system to take over Tesla. No action has been taken since.

Customers who paid for the Escobar Inc flamethrower reportedly received a printed certificate of ownership instead of the ordered product. Buyers had disputes filed with PayPal denied after Escobar Inc provided the tracking information used to send the certificate as proof of delivery. PayPal later closed its accounts with Escobar Inc.

On August 28, 2019, Escobar Inc filed a UDRP complaint regarding cybersquatting of the domain PabloEscobar.com with the then-National Arbitration Forum. The prior owner demanded $3 million for the domain name and on October 7, 2019, the case was ruled in the favor of the company with the domain name ordered to be transferred to the company.

On December 2, 2019, Escobar Inc released what it called the Escobar Fold 1 smartphone featuring a flexible screen, which ended up being a rebadged Royole Flexpai. Two months later, on February 10, 2020, the Escobar Fold 2 was released, which is a Galaxy Fold with poorly-added Escobar branding.

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Many customers, when ordering the phones, said that they never received them, with only tech influencers actually receiving products. It has also been alleged that Escobar Inc sent bogus product orders consisting of a book, allowing Escobar Inc to claim the phone had been shipped out. In May 2020, the company released a refurbished version of the iPhone 11 Pro and allegedly sued Apple for $2.6 billion.

Wife

Olof K Gustafsson is married to his longtime girlfriend. His wife and children have been kept private. He has not revealed his wife’s name nor has anyone seen his wife. He hasn’t shared any information related to his family.

Olof K Gustafsson net worth

How much is Olof K Gustafsson worth? Olof K Gustafsson net worth is estimated at around $55 million. His main source of income is from his career as a businessman and CEO of Escobar Inc. Gustafsson’s successful career has earned him some luxurious lifestyles and some fancy cars trips. He is one of the richest and influential businessmen in Sweden.