Jordan Belfort Net Worth
Jordan Belfort autobiography, is mostly responsible for his fame. The Wolf of Wall Street and Catching the Wolf of Wall Street, both memoirs written by Belfort, have been published in around 40 countries and translated into 18 languages. Film adaptation of the book “The Wolf of Wall Street,” starring Leonardo DiCaprio, Jonah Hill, and Margot Robbie. Martin Scorsese helmed the film.
An additional book of his, Way of the Wolf: Become a Master Closer with Straight Line Selling, was published in 2017.Although Jordan Belfort’s name is well-known, many people instead associate him with Leonardo DiCaprio, who played Belfort in the critically acclaimed Martin Scorsese film The Wolf of Wall Street. As of October 2022, Jordan Belfort is working as a motivational speaker while travelling the world and is projected to have a net worth of around -$100 Million.
Jordan Belfort Controversy
His guilty plea in 1999 covered charges of fraud, stock market manipulation, and a penny stock scam. After an extensive FBI investigation into himself and his brokerage firm, Stratton Oakmont, former stock broker and current motivational speaker Jordan Belfort was notoriously convicted of securities fraud and money laundering.
Jordan Belfort and an accomplice were arrested in 1998 on charges of money laundering and securities fraud. The following year he pleaded guilty to stock manipulation offences; in 2003 he was given a four-year sentence, of which he spent only 22 months.
This is because he has been compelled to pay a fine of over $110 million, which has significantly reduced his wealth. However, as of this writing, he has reportedly paid only about $14 million of the total.
Jordan Belfort Bio
Jordan Ross Belfort, son of Jewish parents, was born in The Bronx on July 9, 1962 and grew up in Queens. At the age of 13, Jordan began his entrepreneurial career by selling ice cream and puka shell necklaces on the beach.
In his early years, he worked as a salesman for a number of different companies, including a meat company for whom he immediately established a new sales record in his first week.
After finishing high school, Jordan enrolled in the University of Maryland to pursue a career as a dentist. But after the lecturer gave a speech on the first day of class predicting that dentists would never be wealthy, he dropped out. He attended American University and earned a biology degree.
Jordan Belfort Career & Controvery
On Long Island, Belfort conducted a business selling meat and fish to customers directly. His one-man meat-selling operation has expanded to include a full staff and weekly sales of over five thousand pounds of livestock and marine products. A stockbroker trainee at L.F. Rothschild, he filed for bankruptcy when he was 25.
Belfort’s first boss said the three were crucial to his success: masturbation, cocaine, and hookers. He lost his job during the economic collapse of Black Monday, 1987. Despite this setback, Belfort remained determined to make as much money as senior stockbrokers. Belfort spent the late 1980s gaining experience at a variety of financial institutions. He perfected his pitch to clients to the point where he was able to go out on his own in 1989.
Belfort started Stratton Oakmont back in the ’90s. Penny stocks are sold through a “boiler room.” Using a “pump and dump” strategy, Belfort swindled investors out of their money. At its height, Belfort’s Stratton Oakmont had over a thousand brokers and $1 billion under management. When I was in high school, NASD was located at the corner of Belfort and Stratton Oakmont. The business’s dealings were investigated by the group. Stratton Oakmont was booted out of the National Association of Securities Dealers in December 1996, leading to its eventual demise.
Belfort has been accused with money laundering in Switzerland. Money was brought into Switzerland by his wife’s mother and her aunt. Aside from running Stratton Oakmon, he also hosted midget-tossing competitions.
Jordan Belfort Wife and Kids
In 1991, he wed Nadine Caridi, a British model. They first connected at a social gathering. They raised two children: Chandler and Carter. They broke up in 2005 after she accused him of drug-fueled domestic violence.