Jordan Belfort is a former stockbroker, author, and motivational speaker who was sentenced to prison. Jordan Belfort has a net worth of $100 million as of this writing. Between 1989 and 1996, he was the CEO of Stratton Oakmont, a financial corporation that engaged in pump-and-dump scams that robbed hundreds of millions of dollars from innocent people. Belfort and Danny Porush, the company’s co-founders, were charged with securities fraud and money laundering in 1999. They both pleaded guilty. In exchange for cooperating with the prosecutor, their sentences were lowered.
In 2007, he published his memoir The Wolf of Wall Street, which was adapted into a film starring Leonardo DiCaprio. In 2013, the film was released. The film Boiler Room is loosely based on Belfort and his former financial firm, Stratton Oakmont.
Much to the chagrin of movie fans, Jordan Belfort was never really called “the wolf of Wall Street” during his time as a financial schemer. Jordan came up with the nickname while writing his book in jail. According to the film, Jordan was supposedly given this name by a Forbes contributor in 1991. The Forbes article was really titled “Steaks vs. Stocks: What’s the Difference?” —a reference to the fact that Belfort used to sell steaks and seafood door-to-door on Long Island before becoming a stockbroker.
Jordan was later characterized as a “twisted Robin Hood,” who “took from the rich and gave to himself and his merry band of brokers”. The article also described its business model as “pushing risky stocks on gullible investors.” Many of his victims were not rich. They were humble people who couldn’t afford to lose the money they lost.
Jordan Belfort – The exciting life of the real Wolf of Wall Street
Jordan Ross Belfort was born in the Bronx, New York, on July 9, 1962. He was raised in a Jewish family in Bayside, Queens. During the summer between high school and college, Belfort and a close buddy made $20,000 selling Italian ice cream from coolers to tourists on the beach. Belfort earned a bachelor’s degree in biology from American University. He went to the University of Maryland School of Dentistry to study dentistry. When a faculty member told him that he couldn’t get rich as a dentist, he dropped out after the first day of classes.
In 1987, he went to Wall Street after making a fortune selling seafood and meat. He worked as a stockbroker for the company LF Rothschild. LF Rothschild, on the other hand, was forced to close unexpectedly on Black Monday, leaving Belfort jobless and forced to start again.
He immediately recovered, though, and began selling penny stocks in Long Island, which he did really well. Encouraged by his success, the former rich turned bankrupt and a friend founded Stratton Oakmont, a brokerage firm. Belfort’s business expanded into one of the largest brokerage firms in the United States during the 1980s and 1990s. The firm presently has over 1,000 employees.
With the help of Stratton Oakmont, more than 35 companies went public, and the broker was able to manage billions of dollars in investments. Jordan Belfort, who was just 26 years old at the time, was already a multi-millionaire. However, the New Yorker couldn’t deal with it very well and from then on was known above all for his drug abuse and excessive lifestyle.
Jordan Belfort Punishment, debts, new assets, or the bankruptcy
His success, however, was short-lived, since his company was shut down by the Securities and Exchange Commission in 1998. Jordan Belfort’s career as a cheater has come to an end. He was sentenced to four years in prison for money laundering and securities fraud exceeding $200 million. Jordan Belfort did not have to serve a longer sentence in part because he cooperated with the FBI, which resulted in a reduction in his original sentence. The ex-millionaire, who was now severely in debt, was released after only 22 months in prison. Following a meeting with Tommy Chong, Belfort decided to write a book about his life thus far. The Wolf of Wall Street, a Hollywood blockbuster, is based on this book, directed by Martin Scorsese and starring Leonardo DiCaprio as Jordan Belfort.
Belfort now lives in Manhattan Beach, California. He was at least partially able to gain a foothold again and is now relatively successful as a motivational speaker and entrepreneur. There have been charges in recent years that Belfort, who is now earning a good living, paid much too little of his current salary to the more than 1,500 victims. The entrepreneur, on the other hand, firmly denied the accusation.
In 1991, he married British-born model Nadine Caridi. They met at a party. Chandler and Carter were their two children. They divorced in 2005 after she accused him of domestic abuse (perhaps while under the influence of drugs).
Belfort bought the luxury yacht Nadine, which was constructed in 1961 for Coco Chanel. The yacht was renamed after his second wife. In June 1996, the ship sank off the coast of Sardinia. All who were on board the yacht were rescued by the special forces of the Italian Navy. Belfort subsequently admitted that he insisted on sailing the boat in severe winds against the captain’s advice.
However, Jordan Belfort’s net worth is estimated to be about $100 million as of 2022, due to his criminal past and fines imposed on him.
3 Success Lessons from Jordan Belfort
Now you know all about Jordan Belfort’s Net Worth and how he managed to thrive; let’s take a look at some of the lessons we can learn from him:
- Be a wolf
In the real world, opportunities are reserved by the hungriest candidates. Be hungry, be a wolf. The world is really badass.
- Don’t just talk about it, be there.
Talking is cheap, so instead of talking about it, show it to those around you through your actions in life and make it happen. If you want to be rich, you have to program your mind to be rich.
- Perception is everything
Always dress appropriately. It’s all about presentation, and your demeanor reflects your work ethic and reputation.
Jordan Belfort Net Worth
Jordan Belfort, known as “The Wolf of Wall Street”, made millions from his investment firm Stratton Oakmont. He had major trouble with the law, which ended with four years in prison and a $110 million fine.
Jordan Belfort’s net worth is estimated to be around $100 million as of 2022. He is currently 59 years old and works as a motivational speaker around the world.