CRIME
What was Jeffrey Epstein’s net worth? How did he make all of his money?
The deceased paedophile financier became well accustomed to meeting the world’s elite due to his wealthy connections.
Jeffrey Epstein was a multi-millionaire American financier who was found dead in his cell at the Metropolitan Correctional Centre in New York in August 2019, as he awaited trial over sex-trafficking and conspiracy charges.
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 a number a high-profile documents, though no criminal cases have been brought against most of the names mentioned.
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.