financial medium 2016-08-01

Epstein Purchases Great Saint James Island for $22.5 Million

Jeffrey Epstein purchases Great Saint James, a second U.S. Virgin Islands island adjacent to his existing private island Little Saint James, for approximately $22.5 million, expanding his Caribbean real estate holdings.

People Involved

Event Details

In 2016, Jeffrey Epstein purchased Great Saint James, an approximately 165-acre island in the U.S. Virgin Islands, for approximately $22.5 million. The island is located adjacent to his existing private island, Little Saint James, which he had owned since 1998.

The purchase of Great Saint James gave Epstein a significant expansion of his private Caribbean territory. Together, the two islands constituted a substantial private domain in the Virgin Islands.

The acquisition occurred at a time when Epstein was a federally registered sex offender, years after his 2008 conviction. His continued accumulation of substantial real estate assets — and his ability to do so as a known convicted sex offender — contributed to later scrutiny about who had enabled his continued operation.

After Epstein’s death, Great Saint James became an additional estate asset subject to USVI government claims and victim compensation proceedings. The U.S. Virgin Islands government had filed civil suit against the Epstein estate, partly on grounds that his operations had materially harmed the islands and their communities.