How Money Works

We (Still) Don't Know How Epstein Got So Rich...

To learn for free on Brilliant for a full 30 days, go to http://www.brilliant.org/howmoneyworks OR scan the QR code onscreen, or click on the link in the description. Brilliant’s also given our viewers 20% off an annual Premium subscription, which gives you unlimited daily access to everything on Brilliant. ----- Lil Boyle's video playlist - https://youtu.be/AJP6K2_rr90?si=Bu69w1ufKwR5lYAR ---- Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://www.howmoneyworkslibrary.com/ Listen on Spotify - https://open.spotify.com/show/5gi1JobDJC3QqaF4aKfenR?si=f3IsgWIlSKObF8BT1Fitig ----- My Other Channel: @HowMoneyWorksUncut @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #wealth #money #business ---- Two days before his completely unsuspicious death, the “alleged” financier Jeffrey Epstein signed an updated last will and testament which roughly detailed assets worth an estimated five hundred and seventy seven million dollars. What has remained unclear in the almost six years since though is… how he actually made all of this money… Before becoming the centrepiece of an ongoing international scandal, Epstein was mostly publicly described as a high profile “finance guy” that made his money by moving other people's money around in creative ways. But even that broad definition still raises some questions. He was supposedly charging tens of millions of dollars in fees for tax advice even though he was not a tax lawyer, hundreds of millions for wealth management even though he never had his Series 7, and charged massive sums as a “consultant” despite not even having a college degree… Now the financial industry was certainly a lot less competitive back then, but even in the 1980s, ultra wealthy individuals still weren’t giving away money like this for nothing in return. With very little in the way of verifiable achievements, staff or actual operations, it’s unclear how valuable these services really could be, which ultimately raises the obvious question… Was Epstein a successful financier with a completely separate side hobby in diddling? Or was he a full time diddler using financial services as a cover to bankroll and launder the proceeds of his crimes? In either case the obvious course of action would be to follow the money trail right? Well there are actually a few big groups (of varying levels of competency) who are all trying, but this is easier said than done. A complex web of jurisdictions, shell corporations, alongside confidential client and banking secrecy laws make a paper trail hard to pin together, and that is clearly by design. Nobody's investment accounts should need a multi-jurisdictional flowchart to piece together unless they have something to hide right? Even without the benefit of hindsight the whole thing does seem incredibly unusual… The only problem is, that for a lot of high net worth and high profile individuals the only thing abnormal about all of this, is just how normal it really is…