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Davis, a real estate developer who owns Twentieth Century Fox, and Herb Seigel, a major media investor in the 1980s. At this point, Epstein was dating Morgan Fairchild, a television star in the new mega-rich-family soap operas, Dallas and Falcon Crest. If the ‘80s were happening pell mell in New York, they were happening at double time and catch up speed in London. “I would head to Kennedy and, on the theory that most important events in one’s life are serendipitous, I wouldn’t decide where I was going until I got there.” Thirty-year-old Epstein was living a Lifestyle of the Rich and Famous (he befriended the show’s star, Robin Leach), at English shooting parties and country estates with Saturday night black tie dinners, where he was meeting the over-the-top families of Europe. At the same time, he was developing a perception, or, at least a market differentiation: the hyper wealthy had different problems than the very wealthy. Dealing with a billion dollars was different from dealing with $100 million. “The traditional wealth service structure, an accountant, and investment advisor, a personal lawyer, and an idiot brother-in-law, became hopelessly outdated as amounts exponentially increased. You can’t spend a billion dollars, you can just reallocate it to a different investment class. And you can’t give away a billion dollars without a vast staff, in effect going into the business of giving away money, yet another business you are likely to know little about.” HOUSE_OVERSIGHT_024243

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Filename HOUSE_OVERSIGHT_024243.tif
File Size 0.0 KB
OCR Confidence 85.0%
Has Readable Text Yes
Text Length 1,512 characters
Indexed 2026-02-04T17:15:17.684440