Ryan Knudson

We have this unprecedented access to all of these emails and all of these little snippets of conversations that we never had insight into before.

How would you describe how these people were talking to each other?

Welcome to The Journal, our show about money, business, and power.

I'm Ryan Knudson.

It's Thursday, March 26th.

Coming up on the show, how Jeffrey Epstein leveraged his elite network to make financial investments.

We know that Jeffrey Epstein made hundreds of millions of dollars advising a few billionaire clients.

But his other income is still somewhat of a mystery.

That's a lot of money.

And then it also, I mean, even the work that he was doing, at this point, it's still not extremely clear as to why he was being paid so much for that work.

Because in the market, usually those services often are much cheaper than what it seems like he was being paid.

But also now based on your reporting, it's clear that he was also to some degree making money in the stock market.

One of the people Epstein was getting tips from was Boris Nikolic.

He was a close advisor to Bill Gates.

In the emails, Emily discovered that Nikolic exchanged hundreds of messages with Jeffrey Epstein during this time, including about a company called Foundation Medicine in 2012.

And so what information was being shared between Nikolic and Epstein during this time period?

And what did Epstein do with that information?

Epstein paid just over $27 per share.

In other words, it's going to keep going up.

By 2015, Epstein had doubled his holdings to 50,000 shares, and his average purchase price was at just over $25 a share.