|Estimated value:||€520 million|
|Country of origin:||United States of America|
|Source of Wealth:||entrepreneur|
Jeffrey Edward Epstein made a Net Worth as an investment banker of over $500 million. He was in high society for a long time and made numerous contacts in the process. He gained notoriety for his conviction as a sex offender. After being charged again in 2019 with child sex abuse and sex trafficking, he took his own life in his cell, officials said.
Epstein was born in New York in 1952 and grew up in West Coney Island, Brooklyn. He attended Lafayette High School and then attended Cooper Union College, from which he was expelled in 1971. He then studied mathematics at New York University for three years without graduating.
Even without a final qualification, he was hired to teach mathematics and physics at a private school in Manhattan. There he became friends with the children of Alan Greenberg, then head of investment bank Bear Stearns. Epstein was hired there in 1976. He learned from Greenberg in the years that followed, eventually becoming a Limited Partner within the bank in 1980.
In 1981 he founded the asset management company J. Epstein & Co. According to Epstein himself, his exclusive clientele consisted of billionaires whose names were never revealed. Only billionaire Leslie Wexner had a proven business relationship with Epstein.
In 1992, the Wexner Foundation added Jeffrey Epstein to its board of directors. Wexner, who had already given his business partner general power of attorney over his foundations and trusts in 1991, also gave Epstein a 2,000 m² city mansion in Manhattan worth around 77 million dollars in 1996. In the same year, Epstein relocated his company’s headquarters to the US Virgin Islands, which were considered a tax haven. In 1998 he acquired the private island of Little Saint James there.
In the years that followed, Jeffrey Epstein organized numerous parties on that same island, to which he invited friends and acquaintances – many of them celebrities from the world of politics, business and entertainment. In the course of these parties, underage girls are said to have been present, who are said to have been forced by Epstein and his acquaintance Ghislaine Maxwell to have sex with him and his guests.
After around 50 alleged Epstein victims reported to the police and a subsequent search of his villa led to the discovery of numerous pictures of underage girls, he had to answer before a grand jury in 2006. In an out-of-court settlement, he pleaded guilty to one count of forcing a minor into prostitution, but escaped a far-reaching human trafficking conviction. He received a short prison sentence of 18 months.
As part of the investigation into the abuse allegations, Epstein’s attorneys claimed his net worth was in excess of $1 billion. It is believed that he lost large sums of money in investments during the financial crisis. Furthermore, after his conviction, some of his financially strong friends are said to have broken off contact with him. Nevertheless, Epstein reportedly managed to close a series of lucrative deals in the years that followed.
In July 2019, Jeffrey Epstein was arrested again on allegations of sexual abuse. He was accused of running a sex trafficking ring involving hundreds of underage girls with Ghislaine Maxwell between 2002 and 2005. The case drew global media attention as numerous prominent figures such as Bill Clinton and Prince Andrew were implicated as close friends of Epstein.
On August 10, 2019, Jeffrey Epstein was found unconscious in his prison cell. His death was officially classified as a suicide. Two days before his death, he had drawn up a will in which he had transferred his assets of the equivalent of 520 million euros to a trust fund.
Details about Jeffrey Epstein’s Net Worth and financially particularly lucrative deals are hardly known. Many of his former business partners have remained anonymous to this day and much of his Net Worth has been hidden in tangled offshore accounts over the years. According to Bloomberg News, the only part of Epstein’s wealth that can be quantified with any certainty is his real estate.
“I invest in people – whether politics or science. That’s what I do.”
“If my overriding aim was to remain unmolested, then going with Clinton was a bad move. I see that now. But you know what? Kasparov makes mistakes too.”
– His city mansion was the largest private residence in Manhattan.
– According to Alexander Acosta, the former US Secretary of Labor and former chief of attorneys who was responsible for Epstein’s first trial, Jeffrey Epstein was connected to intelligence agencies.
– The estate on Epstein’s Little Saint James Island, which has served as the venue for many of his private parties, is covered with numerous small video cameras. According to the US Department of Justice and Epstein’s own testimony, he made recordings showing his guests with minors in order to be able to blackmail them if necessary.
|Estimated value:||€520 million|