Jeffrey Epsteins Net Worth Unveiled In New Court Documents
Accused sex trafficker Jeffrey Epstein is a rich man, but he isnt anywhere close to being a billionaire, according to a new court document released Monday.
Epsteins has a net worth of about $560 million, according to an asset summary dated June 30, one week prior to his July 6 arrest.
The disclosure reveals that Epstein owns $181 million worth of property in New York, New Mexico, Florida and Paris, in addition to two private islands in the U.S. Virgin Islands.
Epstein also owns hedge funds valued at $195 million, equities of $113 million and $57 million in cash, according to his asset summary.
Its unclear if the summary includes the “piles of cash” and “dozens of diamonds” that prosecutors said Monday they found in Epsteins safe.
Its unclear how Epstein came about his wealth. His only known client is Leslie Wexner, the billionaire founder and CEO of Victorias Secrets parent company.
Epstein said in a 2002 profile in New York Magazine that his money-management firm would only work with clients with a net worth of at least $1 billion, a requirement that has many financial experts scratching their head.
Furthermore, Epstein held full control over his investors money — all 150 of his employees in 2002 were administrative in nature.
Epsteins former mentor and convicted Ponzi schemer Steven Hoffenberg alleged in an affidavit for a federal lawsuit that Epstein is running a Ponzi scheme of his own, the Daily Beast reported.
Prosecutors said they also located a suspicious passport in Epsteins safe.
“The passport was issued in the name of a foreign country, it was issued in the 1980s, it is expired, it shows a picture of Jeffrey Epstein, and another name,” Assistant U.S. Attorney Alex Rossmiller said of his passport, which listed Saudi Arabia as Epsteins residence.
Rossmiller added that the safe contained “many, many photographs” of young girls, including one who claims to have been victimized by Epstein.
NEW YORK, NY – JULY 08: US Attorney for the Southern District of New York Geoffrey Berman announces charges against Jeffery Epstein on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex traffRead More – Source