Epstein files reveal how the ultra-rich use art to make themselves even richer. How it helps their wealth last forever

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n=e.getConfig();"smartphone"===n.device&&("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=re())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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For billionaires, it can mean borrowing against a Picasso.Newly released court records from the Epstein files — thousands of pages of documents tied to criminal investigations into sex trafficking by financier Jeffrey Epstein — are also pulling back the curtain on how the ultra-wealthy move money. Alongside the deeply disturbing material contained in the filings, the documents reveal how members of what’s often referred to as the “Epstein class” relied on elite financial networks and unconventional assets to access large sums of capital.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPTurning 50 with $0 saved for retirement? Most people don’t realize they’re actually just entering their prime earning decade. Here are 6 ways to catch up fastOne example is Leon Black, the billionaire cofounder of Apollo Global Management, who took out a $484 million loan in 2015 using his private art collection as collateral (1). The loan, issued by Bank of America, was backed by high-value works from artists including Picasso, Giacometti, Cézanne and Matisse, according to court documents (2).Black, whose fortune is estimated at $13.6 billion (3), built much of his wealth through his stake in Apollo and his art collection. The files gave insight on Epstein’s role in Black’s finances: Black paid Epstein roughly $170 million over six years for financial and tax advice.Court records show that Leon Black didn’t borrow against just a few individual artworks. Instead, he used a large share of his art collection to secure loans.Private banks typically lend against art using a loan-to-value (LTV) ratio — a measure that determines how much a lender will extend based on an asset’s appraised value. For art, those ratios usually top out around 50%, meaning borrowers can access about half of a collection’s estimated worth. That’s lower than real estate, where LTVs often reach closer to 80%.According to a document titled Art Partnership Inventory included in the Epstein files, by 2014, entities tied to Black had roughly $1 billion worth of artwork as collateral. By 2017, that amount grew to about $1.4 billion (2). 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