Jeffrey Epstein’s net worth: how the American financier and child sex offender made his fortune
Within the Epstein case, one question remains unanswered: How did Jeffrey Epstein make his multimillion-dollar fortune?
Jeffrey Epstein was a multimillionaire American financier who was found dead in his cell at the Metropolitan Correctional Center in New York in August 2019, while awaiting trial on sex trafficking and conspiracy charges. His connections to President Donald Trump have come under renewed scrutiny after the administration announced earlier this summer that it would not be releasing any further information related to Epstein’s case. Since then, various reports have emerged highlighting the close relationship Epstein and Trump shared during the 1990s and early 2000s. One report from The Wall Street Journal alleges that Trump contributed to a birthday book compiled by Epstein’s alleged co-conspirator, Ghislaine Maxwell, for Epstein’s 50th birthday. The same outlet later reported that Bill Clinton, Vera Wang, and Leon Black also contributed messages to the book.
Epstein was convicted in 2008 for solicitation of a minor
Epstein was accused of paying dozens of girls under the age of 18 to perform sex acts at his New York and Florida homes between 2002 and 2005, and faced 45 years in prison. He had already served 13 months after pleading guilty to soliciting prostitution from underage girls in 2008.
The names of his associates have been revealed in several high-profile documents, though no criminal cases have been brought against most of the names mentioned. Now, the Justice Department has been speaking with Maxwell, and is said to have answered questions about many individuals who were associated with the notorious pedophile.
Epstein could make these connections because of his wealth. It is estimated that Epstein made $634 million during his life. This included a significant property empire that spanned homes in Manhattan, a ranch in New Mexico, an apartment in Paris, and two Caribbean Islands.
Great St James is the larger of the two, spanning over 160 acres. It was purchased by Epstein in 2016 for around $20 million.
How did Epstein make all of his money?
In the 1970s and 1980s, Epstein worked at the investment bank Bear Stearns. After leaving, Epstein focused on managing wealth for very rich people. Clients included Les Wexner and Leon Black, who paid Epstein $158 million for tax and estate planning services.
His financial management firm J. Epstein & Company only considered clients with at least $1 billion of assets. The exact details of his client list and the nature of his financial advisory work were not always transparent.
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