<p>A billionaire investor has reportedly purchased Jeffrey Epstein&#8217;s notorious private islands in the Caribbean and plans to turn them into a luxury resort.</p>
<p>Forbes <a href="https://www.forbes.com/sites/richardjchang/2023/05/03/exclusive-billionaire-buys-jeffrey-epsteins-private-islands-60-million/?sh=7644f25ea965">reported</a> that Stephen Deckoff, founder of private equity firm Black Diamond Capital Management, bought the islands for $60 million — approximately half of their initial asking price.</p>
<p>Deckoff told the publication that he never met Epstein and had never been on the island until after Epstein was found dead in his jail cell in 2019.</p>
<p>Deckoff, who made the purchase through his investment firm SD Investments LLC, said in a press release that the plan is to build &#8220;a state-of-the-art, five-star, world-class luxury 25-room resort&#8221; on the two islands — 70-acre Little St. James and 160-acre Great St. James. He said that he is in the process of hiring architects and engineers to complete the job, which he aims to have completed in 2025.</p>
<p>The statement said the resort would &#8220;help bolster tourism, create jobs, and spur economic development in the region, while respecting and preserving the important environment of the islands.&#8221;</p>
<p>&#8220;I&#8217;ve been proud to call the <span class="xn-location">U.S. Virgin Islands</span> home for more than a decade and am tremendously pleased to be able to bring the area a world-class destination befitting its natural grace and beauty,&#8221; Deckoff said. &#8220;There is simply no place in the world as special as the <span class="xn-location">U.S. Virgin Islands</span> 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 <span class="xn-location">U.S. Virgin Islands</span> to make this dream a reality.&#8221;</p>
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Billionaire Buys Jeffrey Epstein’s Infamous Island, Plans To Turn It Into A Luxury Resort: Report

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Billionaire Buys Jeffrey Epstein’s Infamous Island, Plans To Turn It Into A Luxury Resort: Report