Every Major Death in ‘Money Heist’ Ranked: The ‘La Casa de Papel’ Losses That Still Hurt

Few shows have weaponized grief quite like ‘Money Heist.’ The Spanish crime drama, created by Álex Pina, traces two long-prepared heists led by the Professor, told from the perspective of one of the robbers, Tokyo, in a real-time-like fashion that relies on an unreliable narrator, flashbacks, and hidden character motivations for complexity. That structure made every loss feel earned, and sometimes, utterly devastating.

The Professor, the mastermind of the show, did not foresee any of the gang members or any other person dying during the heists. That idealistic blind spot became the emotional engine of ‘La Casa de Papel,’ because when characters did die, the shock hit twice as hard. Here is a complete breakdown of every major character death and why each one still stings.

The Deaths That Shaped the Royal Mint Heist

The first heist at the Royal Mint of Spain introduced audiences to a crew of criminals they were not supposed to love. And then the show started killing them. Oslo was part of the original gang that robbed the Royal Mint of Spain. After being hit over the head with a crowbar by the hostages, he begged Helsinki to kill him, making it essentially a mercy death.

Oslo’s death was understated by design. The show spent more time on Helsinki and less time on Oslo, so fans did not get to know him enough. It hurt more as a symbol of collateral damage than as a personal blow, a signal that the Professor’s careful plans could unravel in ways no one could predict.

Moscow’s death landed with far more emotional force. Moscow was fresh out of prison for robbery and looking to turn his life around. However, his son Denver persuaded him to do one last job to help him pay off a large debt, and Moscow ended up dead, shot by police outside of the Mint. The tragedy was doubled by the fact that Denver had exchanged harsh words with his father just before the end, leaving him no chance to repair things.

Because Moscow became such a father figure to the robbers and the audience, his death is the first major one that really hurts viewers and the criminals. Moscow is not a perfect man, but throughout ‘Money Heist,’ viewers know he is doing the best he can to raise his son into a good man. His death forced Denver to carry guilt and grief through every season that followed.

Berlin’s Exit Was the Show’s Most Complicated Loss

Berlin was never meant to be mourned the way he ultimately was. He did a number of terrible things, chief among them his predatory relationship with a hostage, and was a self-confessed misogynist. However, he was also cool-headed, calculating, and immensely charismatic. That contradiction is what made his death at the close of the second part so unexpectedly powerful.

At the very end of ‘Money Heist’ season two, Berlin decided to sacrifice his own life in order to buy the rest of the gang enough time to escape. He held the cops back using a machine gun, and finally ended his own life by walking into a hail of police gunfire. It was theatrical, it was deliberate, and it was entirely in character.

Berlin’s death was essentially an assisted suicide. Diagnosed with a disease that only gave him seven months to live, he decided to sacrifice himself to the police in an attempt to give his crew more time to escape from the Mint. That context softened nothing. It only added another layer to a character the show had spent enormous energy making impossible to fully love or hate.

Having Berlin talk to his brother, the Professor, while he died was an additional dose of devastation. The scene crystallized what ‘La Casa de Papel’ had always been about beneath the heist mechanics, which was family, loyalty, and the price of both.

Nairobi’s Death Remains the Most Gut-Wrenching Moment

If Berlin’s death was complex, Nairobi’s was simply cruel. The most tragic and controversial death of ‘Money Heist’ so far was that of Nairobi in season four. A mother who had lost her young son after getting caught with some pills, Nairobi was brought into the Royal Mint heist due to her skills in forgery.

Her love for her son was used against her by Sierra, who had him brought to Madrid during the Bank of Spain heist in order to lure Nairobi to a window. There, she was shot by a sniper and almost killed, but the other members of the gang managed to bring her back and get her into a stable condition. Fans exhaled. Nairobi had survived. Except she had not, not really.

Nairobi died in Part 4 after nearly losing her life in Part 3. She was captured by Gandia in Part 4, who then shot her in the head just as he agreed to return her to the gang. The execution-style nature of the kill, delivered at the precise moment viewers believed she was safe, was a masterclass in narrative brutality. After she was executed in the fourth season, the entire gang vowed to avenge her death and that set up the fifth season.

Tokyo’s Sacrifice Closed a Chapter No One Was Ready For

No death in ‘La Casa de Papel’ carried more narrative weight than Tokyo’s. She was not just a character. She was the voice of the entire show, and that is precisely why her loss devastated audiences on a structural level. Tokyo was the narrator of the show from the very beginning. Her voice was one of the strongest reasons why fans got emotionally attached to the show.

After five seasons of being the main narrator and surviving multiple attempts on her life, Tokyo loses her life. Tokyo’s death comes as the gang decides to split up in the Bank of Spain. Tokyo, Manila, and Denver wind up together, but Tokyo ends up with bullets in her arms and legs when she tries to keep the trio safe. Left behind with no way out, she chose the only option that meant something.

Tokyo decided against saving herself. Instead, she lured her enemies to their deaths with a string of grenades, blowing herself up in the process and killing the soldiers pursuing the gang. Among those soldiers was Gandia, the man who had murdered Nairobi. Tokyo is the one who finally puts an end to his life with the last belt of grenades she opened.

Tokyo has been the narrator of ‘Money Heist’ since the beginning. This gave viewers a false sense of security with her character. Many believed that Tokyo would at least make it to the series finale, and Tokyo being the narrator and still dying made it pretty clear that no one is safe. Her death confirmed what the entire series had been quietly arguing all along, that the cost of the heist was never really measured in gold.

Who Made It Out and What the Finale Left Behind

For all its violence, ‘La Casa de Papel’ chose a different note to end on. No character died in the final part of ‘Money Heist,’ and it is a relief considering fans never really healed from the deaths of Oslo, Moscow, Nairobi, and Tokyo. The Professor’s crew, battered and reduced, crossed the finish line.

Alicia Sierra survived by finally opening the floodgates to her emotional side and forming an unlikely friendship with the Professor. Bogota and Helsinki also survived the heist. While things seemed bleak for Helsinki, who was badly injured and even had to have his leg amputated, his belief in Palermo’s plan and his promise of getting everyone out kept him alive.

The finale’s restraint felt like a deliberate statement. The show had already taken so much. By the time the heist at the Royal Bank of Spain ended, the gang had seen members come and go, mainly because of major character deaths in ‘Money Heist.’ Their siblings, lovers, and best friends had been killed, but that only made them more motivated to win the war and enjoy their triumph afterward.

Which death from ‘La Casa de Papel’ still hits you the hardest when you think back on the whole series, and do you think the show handled those losses with the weight they deserved?