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Bulgarian Tycoon Purchases Jeffrey Epstein's Paris Mansion for €10 Million

A Bulgarian plastic packaging tycoon recently purchased the Paris apartment formerly owned by the late Jeffrey Epstein for a sum of €10 million ($10.4 million).

December 1, 2022
7 minutes
minute read

A Bulgarian plastic packaging tycoon recently purchased the Paris apartment formerly owned by the late Jeffrey Epstein for a sum of €10 million ($10.4 million).

This 685 square meter (7,373 square feet) property, which was combined from two apartments and redesigned by the renowned designer Alberto Pinto, is located in one of the most luxurious buildings on Avenue Foch. From the rotunda living room, one can enjoy a view of the Arc de Triomphe. According to a listing posted by Sotheby's, some of the proceeds from the sale will be given to victims of Epstein, as stated by a lawyer for the estate.

In July 2019, Jeffrey Epstein was apprehended in the United States after coming back from France due to accusations of sex trafficking. Unfortunately, a month later, he was found dead in his prison cell. Despite this, the investigation into those who may have enabled him continued, and included a police search of his Paris residence.

On June 29, the exchange between JEP, a French business owned by Epstein's estate, and Georgi Tuchev was finalized, as seen in the deed viewed by Bloomberg. Propriétés Parisiennes Sotheby's International Realty acted as the broker for the transaction, receiving a €420,000 fee. The house was initially advertised for €11.9 million.

Daniel Weiner, a lawyer for the co-executors of Epstein's estate, has confirmed the sale of the property at number 22, which includes a studio and a small apartment on the top floor of the building.

The apartment, located on the second floor and boasting ceilings five meters high, features several reception rooms and bedrooms, including a master bedroom with a marble bathroom, a sauna, and a fitness center, as stated in the deed and listing. Epstein added a massage room to the apartment during its refurbishment nearly two decades ago.

According to Weiner, the Epstein estate has already paid out more than $121 million to 136 people who have accused him of abuse. He added that the compensation program has finished its claims processing, but any additional requests will be handled with the estate's remaining resources, such as the proceeds from the sale of the Avenue Foch property.

At 57 years old, Tuchev is a Bulgarian entrepreneur who established a family-run business, Gotmar, thirty years ago. This business specializes in the production of plastic packaging for the beverage, food, and cosmetics industries. In a recent interview, Tuchev's daughter reported that the company had total sales of over €120 million in 2020.

Attempts to reach Gotmar, Tuchev, and his daughter through emails and calls were unsuccessful.

For many years, Jeffrey Epstein had connections to influential people in the United States and the United Kingdom. The scandal that surrounded him implicated a number of well-known financiers, businesspeople, politicians, and even members of royalty who had been associated with the convicted pedophile.

The UK's Prince Andrew had to step away from his public duties following a problematic television interview regarding his connections to Epstein. Jes Staley resigned from his position as CEO of Barclays Plc after the UK regulators shared the initial results of their investigation into what he had informed the bank's board about his relationship with Epstein. All of them have denied any knowledge of or involvement in any inappropriate behavior with Epstein.

Following the death of Jeffrey Epstein, one of his properties, a 50-foot wide limestone mansion located on the Upper East Side of Manhattan, was put up for sale. In 2021, the property was purchased by former Goldman Sachs Group Inc. executive Michael Daffey for a total of $51 million.

Two islands in the Caribbean that were owned by Epstein were put up for sale this year for $125 million. The properties, located in the U.S. Virgin Islands, are called Great St. James and Little St. James and cover around 230 acres. On Wednesday, a lawyer for Epstein's estate declared a $105 million agreement to settle the US Virgin Islands' racketeering charges against him and the companies he managed. According to the terms of the agreement, the government of the islands will also get half of the proceeds from the sale of Little St. James, the isolated island where Epstein resided.

Cathy Hills
Associate Editor
Eric Ng
John Liu
Editorial Board
Bryan Curtis
Adan Harris
Managing Editor
Cathy Hills
Associate Editor

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