“Superlite Financial Advice.” It Pays Well, But . . .

How Jeffrey Epstein built enough wealth to live like a billionaire is something of a mystery, says The New York Times:

He says he manages money for billionaires, but the only client he is willing to disclose is Leslie H. Wexner, the founder of Limited Brands.

As Mr. Epstein explains it, he provides a specialized form of superelite financial advice. He counsels people on everything from taxes and trusts to prenuptial agreements and paternity suits, and even provides interior decorating tips for private jets. Industry sources say he charges flat annual fees ranging from $25 million to more than $100 million.

Last week, the Times reports, Epstein learned he would have to leave his 78-acre island to spend 18 months in a Palm Beach County jail.

Hope he spends his sentence (for soliciting prostitution) writing a book. The wealth-management world would love to learn how to sell advice for $25 million per annum.