The venture capital investor bet around $60 million to add the territory in the Virgin Islands to his assets.
The businessman Stephen Deckoff He invested $60 million to add Jeffry Epsteien’s islands to his assets. These territories were auctioned off after the convictions of their previous owner for sexual crimes against minors that were committed at their parties. In addition, the American was able to purchase these tropical destinations at half their initial price.
The North American is recognized for being the founder of Black Diamond Capital Management LLC. It is a private equity investment firm, specializing in performance loans, distressed and distressed loans, business restructurings and turnarounds. Deckoff’s company managed to acquire the infamous criminal’s islands after they were put up for sale for four years.
What billionaire Stephen Deckoff will do with Jeffrey Epstein’s islands
The billionaire reported that he plans open 25-room luxury resort by mid-2025. In addition, he indicated that he had never met Epstein and that he had not set foot on the soil of the Caribbean islands since they were put up for sale after the death of their previous owner.
Deckoff stated in an interview with Forbes that: “I have been proud to call the US Virgin Islands home for more than a decade and am tremendously pleased to be able to bring to the area a world-class destination that benefits its natural grace and beauty.” .
It was also known that the American’s new properties have a heliport, several swimming pools and luxury facilities. The investor also explained that he is willing to make every effort to ensure that The US Virgin Islands can leave their dark past behind so that thousands of visitors can enjoy its natural beauty.
How much is Stephen Deckoff’s fortune, according to Forbes
The businessman founded his venture investment firm after having a long professional career in similar companies such as Kidde and Peabody & Co, with their headquarters in the Virgin Islands. His performance allowed him to become independent and form an asset of 2.8 billion dollarss according to Forbes magazine.
Source: Ambito
