Jeffrey Edward Epstein, commonly known as Jeffrey Epstein, was an American financier. He had a lot of connections to royalty, politicians, and celebrities. However, Epstein was also a sexual predator and a convicted criminal.
Stage Name: Jeffrey Epstein
Full Name: Jeffrey Edward Epstein
Birthday: January 20, 1953
Died: August 10, 2019
Place of Origin: New York City, United States
Sexual Orientation: Straight Male
Total Net Worth: $500 million
Epstein was born on January 20, 1953, in New York City. His mother (Pauline Stolofsky) married his father (Seymour G. Epstein) in 1952 shortly before his birth. Epstein’s mother was a homemaker and a school aide. His father was a gardener and a groundskeeper at the New York City Department of Parks and Recreation.
Jeffrey Epstein has 1 other sibling. He was the oldest. Both he and his brother grew up in a working-class neighborhood in Brooklyn, New York City.
Epstein was enrolled in a lot of local public schools. First, he attended Public School 188. Then, he transferred to Mark Twain Junior High School. When he was 5, Epstein started playing the piano.
Epstein has skipped 2 grades in High School. That is why he graduated in 1969 from Lafayette High School at age 16.
Epstein enrolled in the Courant Institute of Mathematical Sciences in September 1971. However, he left without getting a degree.
In September 1974, Epstein started working as a mathematics and physics teacher for teens at Dalton School. After 3 months, Epstein started to teach at an exclusive private school. During this time, he allegedly presented inappropriate behavior towards minors.
In June 1976, Epstein was dismissed from his teaching job because he did not perform well. In the same year, Epstein joined Bear Stearns. He was a low-level junior assistant to a floor trader.
Then, Epstein quickly moved up to become an options trader. Later on, the chief executive officer of the bank, Jimmy Cayne, praised the skill of Epstein when it comes to complex products and wealthy clients. He then became a limited partner 4 years after joining Bear Stearns.
In 1988, Epstein created his own company called “J. Epstein & Company”. It was a money management firm based in New York. Later on, he changed the name of his company to “The Financial Trust Co”. He also moved his company to the U.S. Virgin Islands for tax purposes.
As Epstein’s career rose, he met two individuals who had a huge influence on his financial fortunes.
The first person was Leslie Wexner. Wexner was the CEO and chairman of L Brands and Epstein’s partner in the Manhattan townhouse.
Wexner was the only client of Epstein’s company to be identified publicly. According to the representatives of Wexner, L Brands executive disconnected with Epstein a lot of years ago.
The next individual was Steven Jude Hoffenberg. Epstein met Hoffenberg during the 1980s. Hoffenberg ran Towers Financial Corp.
Hoffenberg made Epstein his pupil. He hired him as a consultant and paid him $25,000 per month according to reports.
In 1995, Hoffenberg pleaded guilty to federal charges stemming from a Ponzi scheme worth more than $450 million. The Ponzi scheme involved selling fake bonds and notes. Hoffenberg then accused Epstein of co-conspirators in the Ponzi Scheme.
Charges for Prostitution
A woman came forward to the Palm Beach Police Department in March 2004. She then accused Epstein of paying her $300 to strip for him when she was still under the age of 18.
After the accusation, the police did an 11-month investigation into Epstein. Then, they found out that Epstein was paying a couple of escorts to perform sexual acts on him. Some of the alleged victims were under the age of 18 when the acts happened.
According to reports, Epstein was also known to loan his powerful friends underaged girls. One of his powerful friends was the Duke of York, Prince Andrew.
Epstein served 13 months in jail in 2008. He was also sentenced to 18 months as a convicted sex offender in the state of Florida for soliciting prostitution with an underage girl. The authorities also ordered Epstein to register himself as a sex offender.
Epstein was arrested on July 6, 2019, after his private jet landed in New Jersey. According to court documents, Epstein brought around 40 underage girls to his houses for sexual activities.
Three weeks before his death, Epstein was found without consciousness in his jail cell. He had injuries to his neck. According to reports, Epstein was attacked by one of his cellmates.
After the attack, Epstein was moved on suicide watch. On July 29, 2019, Epstein was removed from suicide watch and moved into a special housing unit with another inmate. According to the close associates of Epstein, he was in great spirits with his inmate.
On August 9, 2019, Epstein’s cellmate was moved. Nobody replaced the inmate. This made Epstein alone in his housing unit. In addition to that, the two guards who were assigned to monitor Epstein fell asleep.
On August 10, 2019, Epstein was found dead in his cell at 6:30 AM EDT. According to authorities, they did lifesaving measures to Epstein’s body. However, they could not save him. Epstein’s death was called an apparent suicide.
However, a lot of people did not believe that Epstein killed himself. They believe that other parties were involved in his death.
Jeffrey Epstein Total Net Worth
Nobody knows the exact origin of Epstein’s wealth. One source of Epstein’s original wealth was Leslie Wexner. In addition to that, Epstein’s assistant also stated that he got his financial fortunes through Robert Maxwell.
Jeffrey Epstein owned a lot of properties, mansions, and cars. He even has his private jet. According to court documents, a financial analysis proved that Epstein had a net worth of at least $500 million.