Jeffrey Epstein is now mostly known for being a condemned sex offender. But before the revelation of his atrocities, he was regarded as a highly successful financier and banker with close ties to famous personalities.
All of his scams got exposed after his death in 2019, including how he ran a sex trafficking network and allegedly bribed artists and politicians, per Wealthy Genius.
How Epstein got so wealthy is still enigmatic. He accumulated most of his funds during his involvement in the banking sector. In the 1980s, he established several companies: International Assets Group Inc, which helped clients recover stolen money by fraudulent lawyers and brokers.
The second company he built was financial company J. Epstein & Company. Only persons with an estimated net worth of more than $1 billion had access to it. Leslie Wexner, the chairman, and CEO of Victoria's Secret, was one of Epstein's more well-known customers.
Moreover, Epstein received various gifts from politicians with whom he had investments in several companies.
He reportedly invested in Hyperion Air. A media outfit has reported that he allegedly used two of the company's helicopters to move ladies and underage girls in his sex trafficking network operation.
Epstein Leaves Behind Huge Sum of Money
In August 2019, Jeffrey Epstein committed suicide. But two days before his death, he signed a will, indicating Epstein's net worth of $577,672,654. The document was filed in St. Thomas in the US Virgin Islands with the title The 1953 Trust, likely based on his birth year.
Some may be wondering what happens to the huge sum of money that Epstein left behind.
As per Town & Country, the identity of the trust's named beneficiary has not yet been publicly disclosed.
Read Also : Jussie Smollett Net Worth 2022: How Much Wealth Does the Actor Have After Fake Hate Crime?
A Complicated Matter After Epstein's Death
Epstein is unmarried and does not seem to have any children; thus, his younger brother Mark would likely be his next of kin. Epstein has two nieces and nephews. According to a source, the Morse Genealogical Services group has begun hunting for people he may have fathered.
Morse told the Miami Herald that they have reason to believe that "there may be some unidentified children out there" that could be entitled "to claim against the estate."
However, according to former federal prosecutor Laurie Levenson, victims could still sue his estate in civil court. However, his death had made things more complicated.
According to former federal prosecutor Kerry Lawrence, Epstein was not deposed, and "he's not available to defend himself.
"Any restitution that they might have sought for victims or forfeiture of assets in connection with the prosecution all effectively disappear," Lawrence explained.
ABC News recently reported that Epstein's lawyers told a judge in the United States that the government of the Virgin Islands announced this week that it is "extraordinarily close" to concluding a civil action filed by the island territory's government against the late financier's estate, which was originally valued at over $650 million.
Deputy Attorney General Carol Thomas-Jacobs has confirmed that talks are ongoing with some progress achieved. However, there were a few "sticky issues" that needed to be solved.
Related Article: Prince Andrew Net Worth 2022: How Much Wealth Does Queen Elizabeth II's Child Has Amid Jeffrey Epstein Issue?
