How rich is Jeffrey Epstein: Financier amassed great wealth but the source of his fortune remains a mystery
Jeffrey Epstein is currently being detained at the Metropolitan Correctional Center in Manhattan after he was arrested earlier this month for the alleged sex trafficking of minors
Jeffrey Epstein is no small name. The former money manager has been linked to politicians, royalty and high-profile executives over the years, and has earned a fortune using his connections.
The alleged sex trafficker is currently being detained at the Metropolitan Correctional Center in Lower Manhattan after he was arrested at the Teterboro Airport in New Jersey earlier this month for the alleged sex trafficking of minors.
There is little information on Epstein’s current businesses or clients, and it is difficult to give an exact estimate of the alleged sex trafficker's total wealth.
According to a court filing by federal prosecutors, the 66-year-old is worth $500 million and he makes an estimated $10 million a year.
A big part of Epstein's assets, around $195million, is in hedge fund investments and private equity, as per the financial disclosure in the court.
Another $112.7million is in the form of equities, CNBC reported, citing the court documents. Epstein, however, listed just $14.3million from fixed income securities, the report added.
The only things that can be valued with any certainty are Epstein's properties.
More than $179million in stated assets comes from real estate. Epstein has six properties, along with other personal property, as per a court filing from the government and a filing by Epstein’s defense team.
He owns the holdings through shell companies—Maple Inc., Laurel Inc., and Cypress Inc—USA Today reported.
Epstein’s Manhattan property at 9 East 71st Street is among the biggest private residences in New York City. Federal prosecutors estimated the value of the mansion at $77million. However, according to the New York City Department of Finance, in 2018-19, the property’s estimated market value was $75million, but it dropped it to $55.9 million for 2019-20.
The former money manager has a Palm Beach home too. The two-story, five-bedroom, seven-bathroom home is currently assessed at $12.4 million. This 14,000 square foot property is reportedly in the neighborhood of Donald Trump’s Mar-a-Lago.
Finally, rounding out the real estate portfolio is Epstein's New Mexico ranch a residence in Paris, France.
Epstein also owns a couple of private islands.
While the Little Saint James in the US Virgin Islands—Spanning about 72 acres and nicknamed "Pedophile Island" by locals—is valued around $20 million, Great St. James in the Virgin Islands is valued at almost $22.5 million.
Apart from the lucrative real estate properties, Epstein owns at least 15 vehicles. According to the New York State Division of Criminal Justice Services, among the vehicles are a Bentley, a Cadillac Escalade, seven Chevrolet Suburban SUVs, a Chevrolet Express cargo van, a Hummer, two GMCs and a Range Rover.
Also, as per federal prosecutors, Epstein owns two planes, with at least one capable of international travel, USA Today reported.
However, according to Forbes magazine, Epstein was never included in the publication’s world’ billionaire’s rankings because “there is scant proof he holds a ten-figure fortune.”