Jeffrey Epstein’s massive fortune has been laid bare in new inventory papers filed on Friday for his estate in the Virgin Islands
Jeffrey Epstein‘s massive fortune has been laid bare in new inventory papers for his estate, revealing the dead pedophile owned 15 companies valued at $426 million, had two US Virgin Islands worth $86 million and held onto a 1964 dune buggy.
However, his sizable art collection still needs to be appraised, as well as his jewelry, watches and furnishings, which could increase the overall value of his estate.
The inventory was filed on Friday as part of Epstein’s probate court case in the Virgin Islands, where he owned neighboring islands Little St. James and Great St. James.
The judge has been tasked with assessing Epstein’s assets and possibly creating a victims’ fund for the dozens of women he assaulted.
The 100-page document covered Epstein’s cars, islands, collectibles and various companies he owned, including 15 wholly owned LLCs that amounted to $201 million.
LLCs are companies designed to disclose limited public information.
ISLANDS: The inventory was filed on Friday as part of Epstein’s probate court case in the Virgin Islands, where he owned neighboring islands Little St. James (pictured) and Great St. James, combined worth $64 million. Epstein’s high-security islands were a hub for his illegal activities, prosecutors claim
RANCH: Epstein’s Zorro Ranch in Stanley, New Mexico, is worth $17.7 million. The 100-page document covered Epstein’s cars, islands, collectibles and various companies he owned
BIZARRE ART: Epstein’s sizable art collection still needs to be appraised, as well as his jewelry, watches and furnishings, which could increase the overall value of his estate. Pictured: A painting of Bill Clinton hangs in a room of Epstein’s NYC mansion
The Miami Herald reported that among the LLCs was Southern Financial, LLC, which was valued at $176.9 million. The outlet notes it doesn’t appear to have been mentioned in any previous filings.
The papers note that five of the LLCs still need to be further assessed, potentially increasing the estate’s value.
The reason is because some of the LLCs hold titles to various aircraft that Epstein owned, including his 2007 Gulfstream G-550 that has a value of $17 million; a 2001 Bell helicopter worth $1.2 million; and a 2008 Sikorsky S76C helicopter worth $3 million.
Not mentioned in the papers is Epstein’s infamous Boeing 727, which he dubbed the Lolita Express and where he allegedly ferried underage girls to his home in Palm Beach, Florida, his ranch in Mexico and other destinations.
Epstein also wholly owned 10 corporate entities, which have a combined value of $426.2 million. Several of these entities hold Epstein’s properties around the world.
His island Great St. James is valued at nearly $23 million, based off the property’s most recent tax assessed value in 2019, while his neighboring island Little St. James is valued at $63 million.
Epstein’s high-security islands were a hub for his illegal activities, prosecutors claim.
HELICOPTER: The papers note that five of the LLCs still need to be further assessed, potentially increasing the estate’s value. The reason is because some of the LLCs hold titles to various aircraft that Epstein owned, including his 2008 Sikorsky S76C helicopter worth $3m (pictured)
PRIVATE PLANES: Epstein owned a 2007 Gulfstream G-550 (pictured) that has a value of $17 million
PRIVATE PLANES: Not mentioned in the papers is Epstein’s infamous Boeing 727 (pictured), which he dubbed the Lolita Express and where he allegedly ferried underage girls to his home in Palm Beach, Florida, his ranch in Mexico and other destinations
He is said to have bought Little Saint James in 1998, importing 200 workers, building a stone mansion, two guest houses, a helipad and a bizarre gold-domed structure that resembles a temple.
Known by locals as ‘pedophile island’, Epstein is accused of bringing underage girls to the island to rape them and perform forcible sex acts on them.
It was also on the islands that most prominent accuser Virginia Roberts said in sworn evidence to a Florida court that she and Prince Andrew and around eight other young girls had sex together. These claims were later struck from the record and are strenuously denied by the duke.
Epstein’s Zorro Ranch in Stanley, New Mexico, is worth $17.7 million, his Palm Beach residence is worth $13.6 million, his massive Upper East Side townhouse in New York City is worth $55.8 million and his Paris apartment is worth around $9.6 million.
Altogether, Epstein’s property portfolio is worth around $182 million.
The inventory also lists various vehicles Epstein owned, such as a $38k Chevy Suburban, a 2017 Maverick ATV worth $8k and a $7k 1964 Dune Buggy.
In the seven months since he died, Epstein’s executors have liquidated four bank accounts and sold off his fleet of luxury cars to bolster the worth of his estate.
Little St. James Island, one of the properties of financier Jeffrey Epstein, is seen in an aerial view. Probate matters are for his estate being handled in the Virgin Islands
Epstein’s massive Upper East Side townhouse in New York City is worth $55.8m
Altogether, Epstein’s property portfolio is worth around $182m. Pictured: Epstein’s Palm Beach residence that is worth $13.6m
The papers note that Epstein’s 2018 Mercedes Maybach, which stayed at his Paris residence, was sold for $133,200 after his death and the money went into his escrow account. He also had a Bentley that was sold for an unknown amount.
Epstein’s overwhelming number of assets are being looked at in order to determine how much he was actually worth. It was previously thought his net worth hovered around $577 million.
Judge Carolyn Hermon-Purcell placed a legal hold on Epstein’s accounts on January 31 as part of a civil enforcement action.
This has recently prompted his lawyers to complain that his estate is bouncing checks to pay for basic upkeep at his various properties.
The lawyers asked the court to strike down the liens, or at least make exceptions to pay bills such as utilities and caretaker wages at the various properties in the estate.
The filing stated that the estate’s lawyers have ‘had returned for ‘insufficient funds’ multiple payments for upkeep of the Estate’s properties (including electric bills and pest-control services).’
The judge has been tasked with assessing Epstein’s assets and possibly creating a victims’ fund for the dozens of women he assaulted. The papers note that Epstein’s 2018 Mercedes Maybach, which stayed at his Paris residence, was sold for $133,200 after his death and the money went into his escrow account. He also had a Bentley that was sold for an unknown amount
Epstein wholly owned 15 LLCs that amounted to $201 million
Epstein also wholly owned 10 corporate entities, which have a combined value of $426.2 million. Several of these entities hold Epstein’s properties around the world
Epstein’s overwhelming number of assets are being looked at in order to determine how much he was actually worth. It was previously thought his net worth hovered around $577 million
But earlier in February, millions of dollars that were sent from Epstein’s estate into a bank he owned – but appeared to never have operated as a business, which raised questions from the judge.
Millions of dollars that were sent from the estate of disgraced billionaire pedophile Jeffrey Epstein into a bank he owned – but appeared to never have operated as a business in the months leading up Epstein’s death – has raised questions from a judge overseeing a court case over his remaining assets.
In a hearing yesterday in the Virgin Islands over the disgraced financier’s remaining assets, Judge Hermon-Purcell told his estate lawyers she wasn’t satisfied with their account of large sums being sent to a bank first set up by the pedophile in 2014.
In documents presented to the judge, transactions show a series of multi-million dollar payments from Epstein’s estate to his bank, Southern County International, after his death.
Despite the territory approving the bank’s operation in 2014, the bank showed no signs of having been operational in the years before Epstein’s death.
The bank – which was specifically opened to manage offshore payments and investments – had just $693,157 in assets.
