how did jeffrey epstein make his money

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Nature

Jeffrey Epstein made his money primarily as a financial advisor and money manager to ultra-wealthy clients, notably two billionaire clients: Les Wexner, the founder of Victoria's Secret, and Leon Black, a private equity leader. From 1999 to 2018, Epstein's financial firms generated over $800 million in revenue, with at least $490 million coming from fees paid by his clients for services such as estate management, tax planning, and investment advice. Epstein also benefited from significant tax advantages by utilizing a tax program in the U.S. Virgin Islands, which helped him pay an effective tax rate of only about 4%, saving an estimated $300 million in taxes. These factors combined to build his fortune, estimated at around $600 million at the time of his death. The full details of how he amassed this wealth remain somewhat obscure, and there are theories about the shadowy and illicit aspects tied to his financial dealings, but the core known sources involve his financial advisory work with high-profile clients and tax strategies.