Exclusive: Billionaire Investor Buys Jeffrey Epstein’s Private Islands For $60 Million

After more than a year on the market, Jeffrey Epstein’s infamous Caribbean islands have finally found a buyer: Stephen Deckoff, founder of private equity firm Black Diamond Capital Management, has purchased the two islands for $60 million, less than half of their initial asking price of $125 million.

Deckoff plans to develop a 25-room luxury resort on the property, he said Wednesday, adding that he never met Epstein and never set foot on the islands until they were marketed following Epstein’s 2019 death.

“I’ve been proud to call the U.S. Virgin Islands home for more than a decade and am tremendously pleased to be able to bring the area a world-class destination benefitting its natural grace and beauty,” Deckoff tells Forbes. “I very much look forward to working with the U.S. Virgin Islands to make this dream a reality.”