Stephen Deckoff Wikipedia, net worth, wife, Cornell, house
Stephen Deckoff Wikipedia Net worth Wife Cornell Home The infamous Caribbean islands owned by Jeffrey Epstein finally found a buyer after more than a year on the market. Stephen Deckoff, chief executive of private equity firm Black Diamond Capital Management, paid $60 million for the two islands, less than half their asking price of $125 million.
Stephen Deckoff Wikipedia, net worth, wife, Cornell, house
Deckoff said Wednesday that he intends to build a 25-room luxury resort on the property, adding that he never met Epstein and had never been to the islands before they were announced after Epstein’s death in 2019.
According to Deckoff, who has been a proud resident of the US Virgin Islands for more than ten years, “I am very pleased to be able to make this area a world-class destination using its natural grace and beauty.” “I look forward to working with the US Virgin Islands to make this dream a reality.”
Not far offshore from the popular tourist destination of St. Thomas, a property that includes the 70-plus-acre Mali St. James Islands and the 160-plus-acre Great St. The James Islands already has a helipad, several swimming pools and many guest houses. Deckoff is currently hiring architects and engineers to build the complex, which he plans to open in about two years.
Despite the natural beauty of the island’s palm-fringed beaches and crystal-clear waters, the Epstein estate casts a negative light on them. Little St. James was bought by a disgraced banker in 1998 for about $8 million.
He built a variety of unusual structures on the property, which has been nicknamed “Pedophile Island” due to its involvement in Epstein’s sex-trafficking organization. She lived there in a solid house. Virginia Giuffre, her alleged victim, claimed that Prince Andrew, Duke of York, sexually assaulted her at Little St. James (allegation denied by Buckingham Palace). In 2016, Epstein paid $22.5 million for nearby Great St. James, which is largely undeveloped.
While facing federal child trafficking charges in Florida and New York, she died in a Manhattan custody cell in 2019. In December 2021, her friend Ghislaine Maxwell, who helped Epstein get girls, was found guilty of child trafficking. and sentenced to 20 years in prison. .
After the U.S. Virgin Islands attorney general filed a lawsuit in 2020 alleging the territory was misled into giving Epstein’s company, the Southern Trust Company, tax breaks that allowed Epstein to use his residence there for sexually abusing girls and women, the Epstein estate agreed to pay $105 million for the land, including returning $80 million in tax credits.
Under the agreement, the government of the US Virgin Islands would receive $30 million, or half of the proceeds from the sale of the islands, to be placed in a foundation that will offer counseling and other services to victims of sexual assault. .
Deckoff, whose net worth is estimated at $3 billion, made his fortune in private equity. He worked his way up at various firms, including Drexel Burnham Lambert, Bear Stearns and Kidder, Peabody & Co., before striking out on his own in 1995 with Black Diamond Capital. The Stamford, Connecticut-based corporation currently oversees $9 billion in assets and focuses on high-yield debt, distressed debt, restructuring and corporate changes.
Deckoff, originally from New York, moved to the US Virgin Islands in 2011. More than $1.2 million of his donations to local charities went to private schools and environmental groups.
Irma and María, two Category 5 hurricanes that devastated the islands in September 2017, continue to affect their recovery. According to a press release issued Wednesday, Deckoff intends to build a “state-of-the-art, five-star, world-class luxury resort” on the site to promote tourism and economic growth “while respecting and preserves the important environment of the island”. .”
- WikipediaGail Bean
- Tori Bowie
- Jackson Mahomes Wikipedia
- Alexander Auder Wikipedia
- Biography of Jeanine Nerissa Sothcott
Categories: Biography
Source: HIS Education