A series of emails uncovered by the New York Times reveals the tumultuous relationship between billionaire Leon Black, chairman of Apollo Global Management, and the late Jeffrey Epstein, his former financial advisor and associate. The correspondence sheds light on the intense pressure Black faced from Epstein, particularly after Epstein’s first criminal indictment in Florida related to underage sex trafficking, which led Black to reconsider his financial commitments to Epstein, initially set at $40 million annually.
According to the Times, Epstein reacted aggressively to Black’s hesitance, sending a barrage of emails that have been described as “typo-strewn tirades.” In these communications, Epstein not only expressed frustration but also demanded substantial sums beyond the $150 million he had already received. Despite the mounting allegations against Epstein and the loss of many of his contacts, Black continued to provide significant financial support, allegedly keeping Epstein “afloat for years.”
Their complex relationship spanned over two decades, deeply intertwining their lives. Court records reveal instances where Black sought Epstein’s counsel regarding a sexual assault accusation against him, considering payments to silence the allegations. Another lawsuit implicated Black in a rape accusation at Epstein’s Manhattan townhouse, although the case was eventually dropped. The accusations against Black raised further questions about their collaboration, especially as he transferred large sums to women associated with Epstein.
One notable email from Epstein indicated his perceived value to Black, claiming, “If you reflect on your financial life, you have been kept safe, had remarkable results, and no disasters.” This communication underscores the strained and at times abusive dynamic, as Epstein frequently utilized aggressive language, including derogatory comments towards Black’s children.
The emails, sent in 2015 and 2016, display not only Epstein’s manipulation tactics but also highlight a darker side of their relationship, contrasting with his public persona of affability towards influential figures. The revelations from these emails contribute to the ongoing understanding of Epstein’s influence within elite financial circles and his efforts to maintain a hold over powerful allies in the wake of increasing legal troubles.