Hulu releases a new documentary that will definitely be on your watch list: Victoria’s Secret: Angels and Demons. So settle in, because it’s going to be a wild ride.
The film dives deep into the rise and fall of the iconic lingerie brand and its complicated history from 1995 to 2019.
But it also touches on the founder and CEO of its parent company, Leslie “Les” Wexner, and his ties to convicted sex offender and New York financier Jeffrey Epstein, who died by suicide in 2019 while awaiting sex trafficking charges. in jail, by Newsweek.
The three-episode docuseries is set to premiere Thursday, July 14 on Hulu, along with Disney+. And if you’re considering watching, you’ll definitely want to know more about how Epstein was connected to the brand and his overall net worth.
So, after some research, here is everything you need to know about Jeffrey Epstein’s net worth, career, properties and more.
How did Jeffrey Epstein get rich?
Epstein had a long career that actually began as a math and physics teacher at the Dalton School, a prep school on Manhattan’s Upper East Side, in his early 20s, through USA today. He apparently mentored the son of the chairman of New York-based investment firm Bear Stearns, Alan “Ace” Greenberg, who helped him get a job with Bear Stearns on Wall Street. He eventually became a “limited partner,” the outlet reported.
In 1981, Epstein left the company to start his own company, Intercontinental Assets Group Inc. After that, he also started J. Epstein & Co., a fund management company, followed by another company, Financial Strategy Group Inc.
He started working as financial director of Les Wexner in the 1980s, by vanity lounge.
What properties did it have?
According USA todayEpstein owned six properties, along with other personal property, in New York, Florida, New Mexico, France and the US Virgin Islands.
Epstein owned two properties in the Virgin Islands, Little St. James and Great St. James, which were private islands. Epstein bought Little St. James for $7.95 million in 1998, and it was later dubbed ‘Pedophile Island’ and ‘Orgy Island’ by locals, according to Business Intern.
He also acquired the 161-acre Great St. James two decades later for $22.5 million, according to Fortune.
Epstein also owned at least 15 vehicles and two planes, per CNN and Newsweek.
Who did his assets go to?
Everyone wants to know who got all of Epstein’s money and properties after his death.
Well, just two days before his death, Epstein signed a new will which listed his brother Mark as his sole heir, and put the money in a trust to make it harder for anyone to sue him. Newsweek reported that.
Unfortunately, it’s unclear how everything was ultimately distributed.
Who owns Epstein’s island now?
The islands were put up for sale in 2022 for $125 million, according to Fortune. And lawyers for Epstein’s estate said at the time that the money from the sale would be used to “solve some of the disgraced financier’s legal cases”.
Daniel Weiner, a partner at New York law firm Hughes Hubbard & Reed and executor of properties on the island, told the BBC that the proceeds “will be used by the estate for the settlement of pending lawsuits and regular costs of estate operations”.
What was his net worth at the peak of his fortune?
While Epstein was rumored to be a billionaire at the height of his fame and fortune, that’s not really the case.
According Newsweek, documents from an unspecified financial institution said Epstein’s assets as of June 30, 2019, were just over $559 million. Breaking that down, $195 million of that dough was in hedge funds and private equity, $112.7 million in stocks, and $14.3 million in fixed income. He only had $56.5 million in cash at the time.
What was his fortune when he died?
The new will Epstein signed before his death brings his net worth to more than $577.6 million, which is $18 million more than previously reported.
However, his estate can still be sued today by victims alleging abuse by Epstein. And by NewsweekLawyer Lisa Bloom tweeted: “Give his entire estate to his victims, it’s the only justice they can get. And they deserve it. And on behalf of the victims of Epstein whom I represent, I l intend to fight for it.”
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