Billionaire purchases Epstein’s island, intends to transform it into a high-end resort.

Ryan SaavedraMay 4, 2023

Billionaire Buys Jeffrey Epstein’s Private Islands for $60 Million

A shocking news has emerged that a billionaire investor has purchased Jeffrey Epstein’s notorious private islands in the Caribbean and plans to turn them into a luxury resort. According to Forbes, Stephen Deckoff, founder of private equity firm Black Diamond Capital Management, bought the islands for $60 million, which is approximately half of their initial asking price.

Plans for a Five-Star Luxury Resort

Deckoff has never met Epstein and had never been on the island until after Epstein was found dead in his jail cell in 2019. He made the purchase through his investment firm SD Investments LLC and plans to build “a state-of-the-art, five-star, world-class luxury 25-room resort” on the two islands – 70-acre Little St. James and 160-acre Great St. James. He aims to have the job completed in 2025 and is currently in the process of hiring architects and engineers.

The statement said the resort would “help bolster tourism, create jobs, and spur economic development in the region, while respecting and preserving the important environment of the islands.”

“There is simply no place in the world as special as the U.S. Virgin Islands and I am humbled by the opportunity to share its splendor with visitors in a manner that will provide economic benefits to the region while respecting its culture, history and natural beauty. I very much look forward to working with the U.S. Virgin Islands to make this dream a reality,” said Deckoff.