Three years after he killed himself in prison while awaiting trial, less than a quarter of Jeffrey Epstein’s estate remains, DailyMail.com can reveal.
When the disgraced financier was found hanging in his cell in New York’s Metropolitan Correction Center in 2019, his estate was valued at a staggering $636million.
Today, accounts filed with the Virgin Island Superior Court and obtained exclusively by DailyMail.com, show that just $154million of that vast wealth remains.
In December 2021 the estate listed among its assets, $45,441,290.72 ‘cash in hand.’
And by the following March that sum had dwindled to $33,527,414,60.
The value of Epstein’s art and collectibles remains unchanged at $337,154 as does his $4,055 collection of watches.
Disgraced financier Jeffrey Epstein’s vast fortune – once estimated to be worth more than a billion dollars – has dwindled in value by more than 75 per cent since his death in 2019
Epstein was awaiting trial on sex trafficking charges when he hanged himself in his cell in August 2019. His accomplice Ghislaine Maxwell was found guilty of procuring underage girls in a federal trial last year
In December 2021, the estate was reported to have $45,441,290.72 ‘cash in hand’. Three months later, that sum had dwindled to $33,527,414,60
As of March 31, Epstein’s estate is valued at $154,405,363, statements show
According to the quarterly accounts filed this week, taxes and upkeep of his remaining properties account for close to $3million worth of quarterly expenses – with $2,388,205 spent on taxes on the infamous New York townhouse alone.
But the single most significant drain on the pedophile’s failing fortunes by far is money paid out to the 135 women who accused him of sexually abusing them when they were young.
As of March 2022, the cumulative sum paid to victims stands at $144,527,339.05 – $121,127,399.05 of this came from the Epstein Victims Compensation Fund.
The New York Times has placed the estate’s legal fees at $30million.
Lawyers have helped hand out settlements, liquidate assets, and sift through the complex holdings of a man who once set up his own offshore bank.
Now DailyMail.com has learned that their work won’t be over anytime soon as the quarterly accounts show that four major lawsuits continue to hang over the estate.
One has been brought by the attorney general of the Virgin Islands, who claims that Epstein used the territory to facilitate a criminal enterprise, bilking it out of more than $70million in tax revenue.
The second, filed March 12, 2020, was brought by Epstein’s former confidante and lieutenant, convicted sex offender, Ghislaine Maxwell, 60.
The vast majority of the late financier’s fortune – $144,527,339 – went towards large payouts to his victims (pictured: Virginia Roberts Giuffre and Annie Farmer with their attorney David Boies) most of them claimed through Epstein Victims Compensation Fund
Taxes and upkeep of his properties make up nearly $3million worth of quarterly expenses – including $2,388,205 in taxes on Epstein’s infamous New York townhouse alone
A statement of tax liabilities show $144,252.60 paid on Epstein’s Zorro Ranch outside Santa Fe, New Mexico
Filed before her own conviction, the original complaint seeks to recoup legal fees incurred in defending herself against Epstein’s many accusers and claims that he had repeatedly promised to cover any such costs.
It also asked for the cost of ‘safe accommodation’ and ‘personal security’ which she claimed she had to hire having received ‘repeated threats to her life and safety.’
She was compelled to sue, according to the complaint, because the Epstein estate had not honored Epstein’s promise of ‘indemnification’ and ‘has not honored or even formally responded,’ to her claim for costs.
In her complaint Maxwell describes herself as an employee who formed ‘a legal and special relationship,’ with Epstein but had ‘no knowledge of Epstein’s alleged misconduct.’
Epstein accuser Caroline Kaufman also has an outstanding case filed against Epstein’s estate in July 2020.
Kaufman claims that she was raped by Epstein when she was 17 years old during a fake model casting.
She claims that the attack was so brutal it left her with a bone disease that requires costly surgery.
Four lawsuits currently hang over the estate, including one brought by the attorney general of the Virgin Islands claiming Epstein used his Little St James Island to facilitate a criminal enterprise, bilking it out of more than $70million in tax revenue
Documents show the multimillion dollar estate is still being liquidated nearly three years after Epstein’s death. At that time he was worth a staggering $636million
Kaufman had applied to the Victims’ Compensation Fund but claimed that the sum they offered her was too low to cover her medical costs.
Instead, she is seeking a settlement which, at half a billion dollars, appears to outstrip the remaining value of Epstein’s estate.
Her case has been stayed since August 2020.
A fourth Jane Doe complaint was filed in Florida in March 2021 and is listed among those still pending.
All these matters will need to be settled before whatever is left of Epstein’s estate is disbursed among his beneficiaries.
The terms of this are set down in a sealed trust and the details are not known though it has been reported that Karyna Shuliak, Epstein’s girlfriend at the time of his death and the person to whom he last spoke, will be one of the main beneficiaries.
Epstein was 66 when he died in custody in August 2019 awaiting trial for sex trafficking and conspiracy to traffic minors for sex.
Ghislaine Maxwell, 60, is currently locked up in the Metropolitan Detention Center in Brooklyn awaiting sentencing after she was found guilty of child sex trafficking and other offenses. She is due to be sentenced on June 28.