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Billionaire Investor Purchases Jeffrey Epstein’s Private Islands for $60M, Plans to Build Luxury Resort

ByAlki David

May 5, 2023

In a stunning development, it has been reported that billionaire investor Stephen Deckoff has purchased the notorious private islands of the late convicted sex offender Jeffrey Epstein in the Caribbean. The islands, which had been on the market for a staggering $122 million, were sold for $60 million, according to Forbes.

Deckoff, who is the founder of private equity firm Black Diamond Capital Management, has said that he intends to turn the islands into a luxury resort. The plan is to build a state-of-the-art, five-star, world-class luxury 25-room resort on the two islands – 70-acre Little St. James and 160-acre Great St. James. Deckoff has reportedly hired architects and engineers to complete the job, which he aims to have completed in 2025.

According to a press release from Deckoff’s investment firm SD Investments LLC, the resort will “help bolster tourism, create jobs, and spur economic development in the region, while respecting and preserving the important environment of the islands.” Deckoff has also stated that he never met Epstein and had never been on the island until after Epstein was found dead in his jail cell in 2019.

The purchase of the islands has raised eyebrows in some circles, given Epstein’s association with them. Epstein, who was accused of running a sex trafficking ring involving underage girls, allegedly used the islands to carry out some of his crimes. However, Deckoff has emphasized that he intends to turn the islands into something positive for the region.

The purchase of Epstein’s private islands by Deckoff is a surprising development, and it remains to be seen what kind of impact the luxury resort will have on the region.

Nonetheless, it is clear that Deckoff sees an opportunity to turn what was once a symbol of depravity into a symbol of luxury and prosperity.

By Alki David

Alki David — Publisher, Media Architect, SIN Network Creator - live, direct-to-public communication, media infrastructure, accountability journalism, and independent distribution. Born in Lagos, Nigeria; educated in the United Kingdom and Switzerland; attended the Royal College of Art. Early internet broadcaster — participated in real-time public coverage during the 1997 Mars landing era using experimental online transmission from Beverly Hills. Founder of FilmOn, one of the earliest global internet television networks offering live and on-demand broadcasting outside legacy gatekeepers. Publisher of SHOCKYA — reporting since 2010 on systemic corruption inside the entertainment business and its expansion into law, finance, and regulation. Creator of the SIN Network (ShockYA Integrated Network), a federated media and civic-information infrastructure spanning investigative journalism, live TV, documentary, and court-record reporting. Lived and worked for over 40 years inside global media hubs including Malibu, Beverly Hills, London, Hong Kong and Gstaad. Early encounter with Julian Assange during the first Hologram USA operations proved a formative turning point — exposing the realities of lawfare, information suppression, and concentrated media power. Principal complainant and driving force behind what court filings describe as the largest consolidated media–legal accountability action on record, now before the Eastern Caribbean Supreme Court. Relocated to Antigua & Barbuda and entered sustained legal, civic, and informational confrontation over media power, safeguarding, and accountability at Commonwealth scale.