Only a fourth of Jeffrey Epstein's wealth survives three years after he committed himself in prison while awaiting prosecution. When the disgraced businessman was discovered hanging in his cell at the Metropolitan Correction Center in New York in 2019, his estate was estimated to be worth $636 million.
Today, according to reports filed with the Virgin Islands Superior Court and acquired exclusively by DailyMail.com, just $154 million of that immense fortune remains. The estate listed $45,441,290.72 in cash in hand as one of its assets in December 2021.
Jeffrey Epstein Assets
By March of the following year, the total had dropped to $33,527,414,60. Epstein's paintings and antiques are valued at $337,154 while his watch collection is valued at $4,055. Taxes and upkeep of his remaining properties account for over $3 million in quarterly costs, according to the quarterly reports submitted this week, with $2,388,205 spent on taxes on the famed New York townhouse alone.
The money paid out to the 135 women who accused him of sexually assaulting them while they were young, however, is by far the most significant drain on the pedophile's diminishing finances. The total sum paid to victims as of March 2022 is $144,527,339.05, with the Epstein Victims Compensation Fund accounting for $121,127,399.05. The New York Times estimates that the estate's legal costs will be $30 million.
Lawyers have assisted in the distribution of settlements, the liquidation of assets, and the sifting through the complicated holdings of a guy who previously established his own offshore bank. Now, according to the quarterly reports obtained by DailyMail.com, the estate's job will not be done anytime soon as four big litigation continue to loom over it.
The attorney general of the Virgin Islands has filed one, alleging that Epstein exploited the territory to aid a criminal enterprise, defrauding the territory of more than $70 million in tax income. Epstein's erstwhile confidante and lieutenant, convicted sex offender Ghislaine Maxwell, 60, filed the second lawsuit on March 12, 2020, according to Daily Mail.
In 1998, Jeffrey Epstein bought Little St. James as a private property. He purchased it through LSJ LLC, a private business in which he was the sole stakeholder. It was purchased for $7.5 million; however, some accounts claim it was for $10 million. The island is now worth more than $60 million thanks to Epstein's restorations.
Even though they didn't know the underage females were smuggled into the Epstein's Island, the owner made them a success at wild parties, his circle dubbed to Little St. James as Sin Island. One weekend, he flew Victoria's Secret models to a party.
Two of the island's nicknames were Orgy Island and Pedophile Island. Little St. James was dubbed Little St. Jeff by Jeffrey Epstein because of his immense authority and incognito. It was a nightmare for the exploited females in Little St. James. One attempted to leave by swimming to Great St. James, but was arrested and told not to do it again, as per Hispotion.
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Where Is Jeffrey Epstein's Money Going?
Jeffrey Epstein's fortune was believed to be worth $600 million when he died. There were substantial financial interests, a private plane, and opulent residences, including an island retreat, a large Manhattan house, and a 7,600-acre ranch in New Mexico.
However, taxes, property maintenance, and temperature-controlled storage for his art collection, as well as $121 million in settlements with more than 135 women who accused him of sexually assaulting them as children, have reduced Mr. Epstein's fortune. It's now worth approximately a third of what it was two and a half years ago, when the financier, 66, hung himself in a Manhattan jail cell while awaiting trial on sex-trafficking allegations.
The most ongoing expense is legal fees, which have totaled $30 million so far too law firms hired to clean up Mr. Epstein's affairs. Lawyers have assisted in the distribution of settlements, the liquidation of assets, and the sifting through the complex holdings of a guy who once established his offshore bank, New York Times reported.
Jeffrey Epstein allegedly exploited the Virgin Islands to support a criminal business by bilking the territory out of more than $70 million in tax money, according to the attorney general of the Virgin Islands. Ghislaine Maxwell, Mr. Epstein's former associate who was convicted of sex-trafficking charges last month, has filed a lawsuit against the estate to recuperate her legal bills.
The trust's specifics are kept private. According to The New York Times, Karyna Shuliak, Mr. Epstein's girlfriend and the last person he spoke to on the phone before hanging himself, would be one of the key benefactors. Ms. Shuliak, a dentist from Belarus, shared an office with Mr. Epstein's Southern Trust Company on the island of St. Thomas. Ms. Shuliak's counsel declined to comment.
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