Editions
Los 40 USA
Scores
Follow us on
Hello
Crime

What was Jeffrey Epstein’s net worth? The disturbing way he built his incredible fortune

The deceased paedophile financier became well accustomed to meeting the world’s elite due to his wealthy connections.

The deceased paedophile financier became well accustomed to meeting the world’s elite due to his wealthy connections.
Handout .
Oliver Povey
Oli joined the Latest News team in 2021, taking an interest in economics, world news, and articles that build from his study of history. He also dabbles in sports writing, joining the coverage of the last soccer World Cup as well as European Champions League games. He enjoys playing football, electronic music, and painting miniatures.
Update:

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.

Related stories

Get your game on! Whether you’re into NFL touchdowns, NBA buzzer-beaters, world-class soccer goals, or MLB home runs, our app has it all.

Dive into live coverage, expert insights, breaking news, exclusive videos, and more – plus, stay updated on the latest in current affairs and entertainment. Download now for all-access coverage, right at your fingertips – anytime, anywhere.

Tagged in:

Comments
Rules

Complete your personal details to comment

Your opinion will be published with first and last names

We recommend these for you in Latest news