It was said his services were available only to billionaires, whose affairs he handled mostly from a tropical island hideaway. So what did Jeffrey Epstein do to earn hundreds of millions of dollars from a handful of wealthy clients like the private equity billionaire Leon Black? In the case of Mr. Black, the chief executive of Apollo Global Management, his advice could have been worth as much as $2 billion in savings, according to a law firm’s review of Mr. Black’s business dealings with Mr. Epstein. On Monday, Mr. Black announced that he would step down as Apollo’s chief executive this year after the review found he had paid Mr. Epstein $158 million over five years for his services. In the process, he collected hefty fees — usually based on a cut of the anticipated tax savings.

Source: New York Times January 26, 2021 23:15 UTC