Demetrius Flenory is best known as Big Meech. He is an American drug dealer and entrepreneur as well. In US, Big Meech is widely familiar as the founder of “The Black Mafia Family.”
He made over $270 million through his illegal business. In 2008, Big Meech pleaded guilty and was sentenced to 30 years in prison for continuing the cocaine business.
As a result, people are wondering, does Big Meech still have money?
Big Meech Money in 2022:
Yes, Big Meech still has money in 2022. As per the sources, he has an estimated net worth of $100 million. At the peak of his illegal business growth, he had an estimated net worth of $300 million previously.
Is Big Meech Still Rich in 2022?
Big Meech was one of the richest drug dealers during the 2000s. At that time he had a vast net worth that was grown by doing illegal business. But the investigators seized more than $20 million worth of assets while arresting him.
His illegal business had closed when he was arrested by the American police. Between 2000 and 2005, Big Meech made more than $250 million of net worth including cars, jewelry, and luxurious houses.
Though Big Meech lost a lot of money, he still has around 100 million dollars in 2022. So, now we can consider him one of the richest drug dealers in the United States.
How Much Did Big Meech Make a Year?
In the 2000s, Big Meech made an average of $2 million a year. His primary income source was the drug business. Not only an illegal business but also founded a music record label in the early 2000s.
The music record label had known to all due to associating with some high-profile music artists including Jay-Z. Big Meech has earned millions of dollars within multiple years.
It was the second highest-earning source of the drug dealer. Though Big Meech founded it as a front organization to hide the cash generated through illegal business, he earned a handsome amount of money from the record label.
How Did Big Meech Keep His Money?
Big Meech kept his money through The Black Mafia Family. Demetrius Flenory and his brother Terry Flenory founded the money laundering organization in 1985 at Southwest Detroit.
In the 2000s, they established huge cocaine distribution links throughout numerous U.S. states including California. The Black Mafia Family was one of the largest drug trafficking organizations.
It had employed around 500 people and grown approximately $300 million worth. The illegal business was controlled by two main hubs of the drug trafficking organization.
Is Big Meech Still Making Money in 2022?
Big Meech is a convicted drug dealer who has a vast net worth in 2022. One decade has passed since he is in jail for his illegal business. Currently, he has no opportunity to continue his business.
So, it can be said that Big Meech is not making money in 2022. He hasn’t any earning sources right now and his net worth is not growing as well.
But he kept more than $200 million before being sentenced to prison. Big Meech had earned the fortune to make money at the time of running The Black Mafia Family.
What Record Label Does Big Meech Own?
Big Meech is the owner and founder of BMF Entertainment. It is an Atlanta, Georgia-based music record label that provides full-service recording, artist development, and representation to popular hip-hop artists.
Typically, the record label was founded due to laundering illegal cash generated through the cocaine business. Big Meech has tried not only to hide his illegal business but also to create a legal source of earning.
What Happened With Big Meech?
In 2008, Big Meech was arrested by the American police and sentenced to 30 years in prison because of running one of the largest drug trafficking businesses in different states of the USA.
Big Meech had run a notorious drug network for more than a decade. In 2005, the members of The Black Mafia Family were indicted by the Drug Enforcement Administration and sentenced to prison.
Where is Big Meech Now?
Since 2008, Big Meech is behind bars at Federal Correctional Institution Sheridan located in Oregon. He is serving out his sentence for more than a decade.
According to several online sources, Big Meech is expected to be released from jail in 2029. A few months ago, the U.S. Sun reported that Big Meech has been seen doing charity work for reducing prison sentences.