The number should have been closer to at least 5-10 million range depending on the size of the family - enough $ to get everyone out permanently to a safe place somewhere far far away on a short notice when things go bad. (similar to that breaking bad guy who makes people disappear when things go bad: permanent change of identity, relocation etc. even that movie guy charged 250K to make that happen.)
But perhaps this IT guy was made an offer he couldn't refuse...
Also, i cant believe that someone running multi-billion dollar empire was too cheap to pay for bullet proof security system. You get what you pay for.
p.s. clearly you can tell i watched too many narcos episodes and BB.