"The convicted sex offender, who died of suicide in prison in 2019, was a tax and estate advisor to Black from 2012 to 2017. In that capacity, he oversaw the financier's substantial art investments. As a result, thousands of emails and spreadsheets that passed through his possession are now public, and it is a gold mine of material showing how art and finance have become entangled in recent decades."
"In 2015, Black's art and collectibles represented more than half of his fortune, $2.8 billion of his $4.9 billion net worth, according to an analysis he commissioned. That is staggering revelation about how one of the world's most sophisticated investors was deploying his financial resources. His almost 1,000 art assets included Chinese bronzes (worth about $330 million!), walking sticks, and a world-renowned collection of works on paper, led by masterpieces by Raphael, Leonardo, Rembrandt, and Michelangelo."
Released files from the Jeffrey Epstein investigation reveal Epstein served as a tax and estate advisor to Leon Black from 2012–2017 and oversaw Black's substantial art investments. The records include thousands of emails and spreadsheets that document asset ownership, promised museum gifts, and co-acquisitions. The documents show Leon Black and Ronald Lauder made joint art purchases and that in 2015 Black's art and collectibles were valued at about $2.8 billion—over half of his $4.9 billion net worth. Holdings listed include nearly 1,000 assets such as Chinese bronzes (about $330 million), walking sticks, and a major works-on-paper collection with Renaissance masterpieces.
Read at Artnet News
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