How did Jeffrey Epstein make all of his money?

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Newly released financial documents and photos obtained from the property of convicted enactment offender Jeffrey Epstein are reigniting involvement successful the late enactment offender's wealth and however helium amassed it.

Accused of abusing dozens of teenage girls earlier dying by termination successful a national situation successful 2019, the politically connected multimillionaire ne'er graduated from college, but inactive coiled up socializing with a scope of large nationalist figures, from erstwhile U.S. presidents and bundle moguls to members of the British royal family.

The grandson of Jewish immigrants, Epstein was raised successful Brooklyn, wherever helium excelled successful mathematics and graduated from precocious schoolhouse early, concisely attending Cooper Union and New York University, according to published reports implicit the years by aggregate quality outlets, immoderate citing tribunal documents.

The photos, released Dec. 12 by Democrats connected the House Oversight Committee, see images of salient figures such arsenic erstwhile Treasury Secretary Larry Summers, billionaire Bill Gates, filmmaker Woody Allen and erstwhile Trump advisor Steve Bannon. The photos bash not implicate immoderate of those pictured successful Epstein's crimes.

Earlier successful the month, the aforesaid committee had released financial records related to Epstein from JPMorgan Chase and Deutsche Bank, arsenic good arsenic photos and videos of the financier's backstage land successful the Caribbean.

Epstein was a large lawsuit of JPMorgan Chase's backstage banking part for years earlier the slope chopped ties with him successful 2013. Epstein past took his concern to Deutsche Bank, wherever helium remained until 2018.

Separately from the Oversight Committee's papers release, Congress has passed a measure past period giving the Justice Department 30 days to merchandise each records it has related to Epstein. President Trump signed the bill into instrumentality connected Nov. 19.

The contention implicit Epstein's decease has proved politically sensitive after Mr. Trump returned to bureau successful January of 2025. The president had earlier urged Republicans to debar focusing connected the Epstein issue, initially describing the effort to merchandise much records arsenic a distraction tactic, but reversed his stance successful November.

Mr. Trump, who has been accused of nary wrongdoing, had been friends with Epstein but aboriginal chopped his ties with the businessman.

What was Jeffrey Epstein's nett worth?

At the clip erstwhile the disgraced financier was found dormant astatine 66 successful a Manhattan jailhouse compartment successful August of 2019, portion awaiting proceedings connected enactment trafficking charges, a filing successful his transgression lawsuit pegged his nett worthy astatine astir $560 million. Epstein's assets besides included a fig of lavish properties.

Epstein owned a palatial townhouse connected the Upper East Side of Manhattan worthy much than $50 million. He besides owned a mansion successful Palm Beach, Florida, worthy astir $12 million; a ranch successful New Mexico valued astatine conscionable implicit $17 million; and an flat successful Paris worthy an estimated $8.6 million.

His 2 backstage Caribbean islands — Great St. James and Little St. James — were unneurotic valued astatine $86 cardinal pursuing his death, but purchased for $60 cardinal successful 2023 by billionaire Stephen Deckoff, laminitis of alternate concern steadfast Black Diamond Capital Management. Epstein besides owned a backstage jet.

What did Jeffrey Epstein bash for a living?

While successful his aboriginal 20s, Epstein successful 1974 started teaching mathematics astatine The Dalton School, 1 of New York's astir prestigious prep schools, and near successful 1976, with an administrator telling the New York Times he'd dismissed Epstein for mediocre performance.

But the stint astatine Dalton had him tutoring the lad of Bear Stearns CEO Alan Greenberg, which led to a occupation astatine the concern slope earlier it collapsed successful 2008 pursuing the lodging crash. Epstein past became a wealth manager for billionaires including Les Wexner, laminitis and CEO of L Brands, and Apollo Global Management Chairman Leon Black. Black paid Epstein $158 cardinal for taxation and property readying services, according to the Senate Finance Committee.

A instrumentality steadfast retained by Apollo's committee to reappraisal Black's dealings with Epstein cleared Black, who stepped down arsenic president and CEO of the backstage equity steadfast successful 2021, of immoderate imaginable wrongdoing.

Black successful July of 2023 agreed to wage $62.5 cardinal to the U.S. Virgin Islands to beryllium released from immoderate imaginable claims arising from the territory's probe into Epstein's enactment trafficking operation. The four-page colony stipulated that it didn't represent an "admission of liability" by Black, according to the New York Times.

For much than a decade, Epstein was Wexner's idiosyncratic wealth manager and concern adviser, making hundreds of millions of dollars managing Wexner's billions.

"Epstein's crimes are abhorrent, and we applaud each effort to bring justness to those harmed," L Brands told CBS MoneyWatch successful 2019.

Wexner said successful an email to employees astatine the clip that helium regretted helium ever "crossed paths" with Epstein. "When Mr. Epstein was my idiosyncratic wealth manager, helium was progressive successful galore aspects of my fiscal life," the email stated. "But fto maine guarantee you that I was NEVER alert of the amerciable enactment charged successful the indictment."

Where other did Epstein get his money?

JPMorgan Chase loaned Epstein wealth and regularly fto him retreat ample sums of currency from 1998 done August 2013, according to a class-action suit settled by the nation's largest bank successful 2023 for a reported $290 million. The wealth was slated to spell to astir 200 Epstein victims, according to the New York Times.

In an emailed connection to CBS MoneyWatch successful June of 2023, JPMorgan called Epstein's behaviour "monstrous," and said it regretted immoderate relation with the disgraced financier.

Epstein besides had fiscal dealings with Deutsche Bank, which successful May 2023 agreed to wage $75 million to settee a suit alleging the German slope "knowingly benefited" from his enactment trafficking and profited from doing concern with him.

Deutsche Bank declined to remark connected the settlement. In 2020, it acknowledged its "error of onboarding Epstein successful 2013 and the weaknesses successful our processes."

In October, Rep. Jamie Raskin, a Democrat from Maryland, pointed to $1.5 billion successful suspicious fiscal transactions that had been flagged by the banks and were tied to Epstein's alleged enactment trafficking crimes. The aforesaid month, Bank of America was sued by 1 of Epstein's victims, who alleged the slope facilitated and besides benefited from his alleged crimes.

Bank of America had nary remark connected the lawsuit.

For however overmuch did helium bargain his islands?

Epstein owned 2 neighboring islands. He paid $7.95 cardinal successful 1998 for the 75-acre Little St. James, according to the New York Post and New York Magazine. In 2016, Epstein paid much than $20 cardinal for the 165-acre Great St. James, according to CNBC and the Wall Street Journal.