A Relationship With Jeffrey Epstein That Bill Gates Now 'Regrets'
Jeffrey Epstein, the convicted sex offender who committed suicide in jail, managed to lure an astonishing array of rich, powerful and famous men into his orbit.
There were billionaires (Leslie Wexner and Leon Black), politicians (Bill Clinton and Bill Richardson), Nobel laureates (Murray Gell-Mann and Frank Wilczek) and even royals (Prince Andrew).
Few, though, compared in prestige and power to the world’s second-richest person, a brilliant and intensely private luminary: Bill Gates. And unlike many others, Gates started the relationship after Epstein was convicted of sex crimes.
Gates, the Microsoft co-founder, whose $100 billion-plus fortune has endowed the world’s largest charitable organization, has done his best to minimize his connections to Epstein. “I didn’t have any business relationship or friendship with him,” he told The Wall Street Journal last month.
In fact, beginning in 2011, Gates met with Epstein on numerous occasions — including at least three times at Epstein’s palatial Manhattan town house, and at least once staying late into the night, according to interviews with more than a dozen people familiar with the relationship, as well as documents reviewed by The New York Times.
Employees of Gates’ foundation also paid multiple visits to Epstein’s mansion. And Epstein spoke with the Bill and Melinda Gates Foundation and JPMorgan Chase about a proposed multibillion-dollar charitable fund — an arrangement that had the potential to generate enormous fees for Epstein.
“His lifestyle is very different and kind of intriguing although it would not work for me,” Gates emailed colleagues in 2011, after his first get-together with Epstein.
Bridgitt Arnold, a spokeswoman for Gates, said he “was referring only to the unique décor of the Epstein residence — and Epstein’s habit of spontaneously bringing acquaintances in to meet Mr. Gates.”
“It was in no way meant to convey a sense of interest or approval,” she said.
Over and over, Epstein managed to cultivate close relationships with some of the world’s most powerful men. He lured them with the whiff of money and the proximity to other powerful, famous or wealthy people — so much so that many looked past his reputation for sexual misconduct. And the more people he drew into his circle, the easier it was for him to attract others.
Gates and the $51 billion Gates Foundation have championed the well-being of young girls. By the time Gates and Epstein first met, Epstein had served jail time for soliciting prostitution from a minor and was required to register as a sex offender.
Arnold said that “high-profile people” had introduced Gates and Epstein and that they had met multiple times to discuss philanthropy.
“Bill Gates regrets ever meeting with Epstein and recognizes it was an error in judgment to do so,” Arnold said. “Gates recognizes that entertaining Epstein’s ideas related to philanthropy gave Epstein an undeserved platform that was at odds with Gates’ personal values and the values of his foundation.”
The First Meeting
Two members of Gates’ inner circle — Boris Nikolic and Melanie Walker — were close to Epstein and at times functioned as intermediaries between the two men.
Walker met Epstein in 1992, six months after graduating from the University of Texas. Epstein, who was an adviser to Wexner, the owner of Victoria’s Secret, told Walker that he could land her an audition for a modeling job there, according to Walker. She later moved to New York and stayed in a Manhattan apartment building that Epstein owned. After she graduated from medical school, she said, Epstein hired her as a science adviser in 1998.
Walker later met Steven Sinofsky, a senior executive at Microsoft who became president of its Windows division, and moved to Seattle to be with him. In 2006, she joined the Gates Foundation with the title of senior program officer.
At the foundation, Walker met and befriended Nikolic, a native of what is now Croatia and a former fellow at Harvard Medical School who was the foundation’s science adviser. Nikolic and Gates frequently traveled and socialized together.
Walker, who had remained in close touch with Epstein, introduced him to Nikolic, and the men became friendly.
Epstein and Gates first met face to face on the evening of Jan. 31, 2011, at Epstein’s town house on the Upper East Side. They were joined by Dr. Eva Andersson-Dubin, a former Miss Sweden whom Epstein had once dated, and her 15-year-old daughter. (Andersson-Dubin’s husband, hedge fund billionaire Glenn Dubin, was a friend and business associate of Epstein’s. The Dubins declined to comment.)
The gathering started at 8 p.m. and lasted several hours, according to Arnold, Gates’ spokeswoman. Epstein subsequently boasted about the meeting in emails to friends and associates. “Bill’s great,” he wrote in one, reviewed by the Times.
Gates, in turn, praised Epstein’s charm and intelligence. Emailing colleagues the next day, he said: “A very attractive Swedish woman and her daughter dropped by and I ended up staying there quite late.”
Gates soon saw Epstein again. At a TED conference in Long Beach, California, attendees spotted the two men engaged in private conversation.
Later that spring, on May 3, 2011, Gates again visited Epstein at his New York mansion, according to emails about the meeting and a photograph reviewed by the Times.
The photo, taken in Epstein’s marble-clad entrance hall, shows a beaming Epstein — in blue-and-gold slippers and a fleece decorated with an American flag — flanked by luminaries. On his right: James Staley, at the time a senior JPMorgan executive, and former Treasury Secretary Lawrence Summers. On his left: Nikolic and Gates, smiling and wearing gray slacks and a navy sweater.
A Vast Charitable Fund
Around that time, the Gates Foundation and JPMorgan were teaming up to create the Global Health Investment Fund. Its goal was to provide “individual and institutional investors the opportunity to finance late-stage global health technologies that have the potential to save millions of lives in low-income countries.”
As the details of the fund were being hammered out, Staley told his JPMorgan colleagues that Epstein wanted to be brought into the discussions, according to two people familiar with the talks. Epstein was an important JPMorgan customer, holding millions of dollars in accounts at the bank and referring a procession of wealthy individuals to become clients of the company.
Epstein pitched an idea for a separate charitable fund to JPMorgan officials, including Staley, and to Gates’ adviser Nikolic. He envisioned a vast fund, seeded with the Gates Foundation’s money, that would focus on health projects around the world, according to five people involved in or briefed on the talks, including current and former Gates Foundation and JPMorgan employees. In addition to the Gates money, Epstein planned to round up donations from his wealthy friends and, hopefully, from JPMorgan’s richest clients.
Epstein thought he could personally benefit. He circulated a four-page proposal that included a suggestion that he be paid 0.3% of whatever money he raised, according to one person who saw the proposal. If Epstein had raised $10 billion, for example, that would have amounted to $30 million in fees.
Arnold said Gates and the foundation had been unaware that Epstein had been seeking any fee. She said Epstein “did propose to Bill Gates and then foundation officials ideas that he promised would unleash hundreds of billions for global health-related work.”
In late 2011, at Gates’ instruction, the foundation sent a team to Epstein’s town house to have a preliminary talk about philanthropic fundraising, according to three people who were there. Epstein told his guests that if they searched his name on the internet they might conclude he was a bad person but that what he had done — soliciting prostitution from an underage girl — was no worse than “stealing a bagel,” two of the people said.
Some of the Gates Foundation employees said they had been unaware of Epstein’s criminal record and had been shocked to learn that the foundation was working with a sex offender. They worried that it could seriously damage the foundation’s reputation.
In early 2012, another Gates Foundation team met Epstein at his mansion. He claimed that he had access to trillions of dollars of his clients’ money that he could put in the proposed charitable fund — a figure so preposterous that it left his visitors doubting Epstein’s credibility.
Flying to Florida
Gates and Epstein kept seeing each other. Arnold would not say how many times the two had met.
In March 2013, Gates flew on Epstein’s Gulfstream plane from Teterboro Airport in New Jersey to Palm Beach, Florida, according to a flight manifest. Arnold said Gates — who has his own $40 million jet — hadn’t been aware it was Epstein’s plane.
Six months later, Nikolic and Gates were in New York for a meeting related to Schrödinger, a pharmaceutical software company in which Gates had a large investment. On that trip, Epstein and Gates met for dinner and discussed the Gates Foundation and philanthropy, Arnold said.
In October 2014, Gates donated $2 million to the Massachusetts Institute of Technology’s Media Lab. University officials described the gift in internal emails as having been “directed” by Epstein. Arnold said, “There was no intention, nor explicit ask, for the funding to be controlled in any manner by Epstein.”
Soon after, the relationship between Epstein and Gates appears to have cooled. The charitable fund that had been discussed with the Gates Foundation never materialized. Epstein complained to an acquaintance at the end of 2014 that Gates had stopped talking to him, according to a person familiar with the discussion.
The relationship, however, wasn’t entirely severed. At least two senior Gates Foundation officials maintained contacts with Epstein until late 2017, according to former foundation employees. Arnold said the foundation was not aware of any such contact.
“Over time, Gates and his team realized Epstein’s capabilities and ideas were not legitimate and all contact with Epstein was discontinued,” she said.
Days before Epstein hanged himself in a Manhattan jail cell on Aug. 10, he amended his will and named Nikolic as a fallback executor in the event that one of the two primary executors was unable to serve. (Nikolic has declined in court proceedings to serve as executor.)
Nikolic, who is now running a venture capital firm with Gates as one of his investors, said he was “shocked” to be named in Epstein’s will. He said in a statement to the Times: “I deeply regret ever meeting Mr. Epstein.”
This article originally appeared in The New York Times.
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