We show how in the standard electroweak model three $SU(2)_L$ Nambu monopoles, each carrying electromagnetic (EM) and Z- magnetic fluxes, can merge (through Z-strings) with a single $U(1)_Y$ Dirac monopole to yield a composite monopole that only carries EM magnetic flux. Compatibility with the Dirac quantization condition requires this composite monopole to carry six quanta ($12 pi /e$) of magnetic charge, independent of the electroweak mixing angle $theta_w$. The Dirac monopole is not regular at the origin and the energy of the composite monopole is therefore divergent. We discuss how this problem is cured by embedding $U(1)_Y$ in a grand unified group such as $SU(5)$. A second composite configuration with only one Nambu monopole and a colored $U(1)_Y$ Dirac monopole that has minimal EM charge of $4pi/e$ is also described. Finally, there exists a configuration with an EM charge of $8pi/e$ as well as screened color magnetic charge.
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