Money matters
Jeffrey Epstein’s islands to go on sale for $125 million
Two private Caribbean islands that belonged to Jeffrey Epstein are up for sale for $125 million, the Wall Street Journal reported.
The U.S. Virgin Island property, Great St. James and Little St. James cover more than 230 acres in total. The smaller of the islands has a main residence, four guest villas, a helipad, two pools, and three beaches. The bigger one, across the bay from St. Thomas, is largely untouched, with a marine preserve known as Christmas Cove.
The proceeds from the sale will be used to cover the resolution of outstanding lawsuits against the Epstein estate and the regular costs of its operations, the Wall Street Journal said, citing Daniel Weiner, an attorney for the estate. They will be subject to tax, creditors, and other claimants.
Sources say Epstein bought Little St. James in 1998. It’s the smaller island, spanning across 70 acres, and has a helipad, private dock for boats, private beaches, two pools and four guest villas.
The largest island of the two, Great St James, was acquired by Epstein in 2016 and spans 160 acres. It sits off the bay of Saint Thomas and remains largely untouched, with a small number of structures. An undisclosed buyer purchased his New York mansion for $51 million, with the proceeds going to a compensation fund for his victims.
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