Jordan Belfort Net Worth
Net Worth:-$100 Million
Date of Birth:Jul 9, 1962 (61 years old)
Place of Birth:The Bronx
Profession:Motivational speaker, Entrepreneur, Author, Film Producer, Screenwriter
Nationality:United States of America
Source : openhouseperth.net
What is Jordan Belfort Net Worth?
Jordan Belfort Net Worth, Jordan Belfort is convicted felon former stockbroker and writer. At the time of writing the net worth of Jordan Belfort was less than $100 million.
Between 1989 until in 1996 Jordan managed the financial firm Stratton Oakment which orchestrated pump-and-dump schemes that stole many millions from innocent people. The co-founders of the firm in 1999, Belfort and Danny Porush were indicted on charges of money laundering and securities fraud. Both of them confessed to the charges. Their sentences were reduced as a result of cooperating with the prosecutor.
In 2007 Jordan published his book, “The Wolf of Wall Street.” The memoir was later made into a movie of the same title starring Leonardo DiCaprio and directed by Martin Scorsese. The film was released in 2013. The 2000 film “Boiler Room” was loosely modelled on Belfort and his previous financial company Stratton Oakmont.
For those who love the film, Jordan Belfort was never actually named “the Wolf of Wall Street” in his financial scheming times. Jordan actually earned this nickname while writing his memoir while in prison. The film claims the claim that Jordan was given that nickname by an author in the year 1991. Forbes writer. It’s not true. Actually this Forbes article was entitled ” Steaks, Stocks – What’s the difference?” – a reference to the fact that, prior to becoming a stockbroker, Belfort sold seafood and steaks door-to-door in Long Island. The article later stated Jordan as an ” twisted Robin Hood who steals from the wealthy and then gives it to his friends and his group of broker.” The article also described his business plan being ” pushing dicey stocks onto gullible customers.“
What the film failed to convey well was that the majority of Jordan’s victims weren’t wealthy. They were humble people with no money to gamble with the money they had lost.
In Jordan’s reign of terror, he took approximately 200 million dollars from the victims. He was required to pay $110 million in an amount of restitution. At the time of writing, the amount he’s paid is only $10 million. This is why he has a negative $100 million net worth. Jordan Belfort Net Worth
- Purchased a white Ferrari with the first Wall Street bonus
- Sank a 167-foot yacht in a Mediterranean storm
- Once, I ran up a $700,000 hotel bill
- Once, he wooed his wife in an unimaginable bed worth $3 million cash
- Earned $50 million in a single year in his highest
- Prosecutors would later claim that the financial frauds of his client caused investors to lose $200 million.
- The court ordered the payment of $110 million in compensation
- The company has paid back $10 million of compensation
- Costs range from $30,000 to $70,000 for a single speaking engagement
Jordan Ross Belfort was born in The Bronx, New York on the 9th July 1962. He grew up within Bayside, Queens in a Jewish family. Belfort along with a friend made $20,000 from selling Italian Ice from coolers to beachgoers during the summer months between the time of high school and university. Belfort completed his studies at American University with a degree in biology. He was enrolled in the dentistry at University of Maryland School. He resigned after his first class class after a professor said that dental school wasn’t the best way to earn money.
Belfort was a fish and meat seller who sold door-to-door across Long Island, New York. The business of selling meat was able to grow from a one-man operation to one which employed a number of people and sold more than 5,000 pounds of beef as well as fish per week. When he turned 25 years old, he declared bankruptcy and was offered a position in L.F. Rothschild as a stockbroker trainee. According to Belfort’s former boss, he advised him that the key to be successful were masturbation cocaine and hookers. Belfort was fired from the firm following his 1987 Black Monday stock market crash. Despite this setback Belfort was attracted by the thought of earning the same kind of profits that the more experienced stockbrokers made. In the latter part of the 1980s, Belfort worked at a variety of financial firms, taking every bit of knowledge that he could. He honed his sales pitch, and in 1989, he decided to create his own business. Jordan Belfort Net Worth
Belfort established Stratton Oakmont in the early 1990s. The company offers shares for penny in a boiler room. Belfort employed the pump and dump method to defraud clients. In the midst of Stratton Oakmont’s fame, Belfort employed more than 1,000 stockbrokers, and had more than $1 billion in assets under management. But it was clear that the National Association of Securities Dealers was watching Belfort along with Stratton Oakmont. The group was taking a close look at the transactions of the firm. In December 1996 it was the National Association of Securities Dealers exiled Stratton Oakmont out of its membership, and the company was forced into administration.
Belfort said to have laundered his cash to Swiss banks. His mother-in law and wife’s aunt were both involved in smuggling the cash into Switzerland. When he was running Stratton Oakmont, he reportedly hosted parties with midget-tossing contests.
Michael Loccisano/Getty Images
Belfort was indicted on charges of the alleged fraud in the securities industry and for money laundering in 1999. He was sentenced to 22 months of an eight-year sentence as part of a plea bargain in the FBI. His financial frauds caused his investors to lose $200 million.
Belfort was convicted of fraud and laundering of funds in 1998. He was found guilty of money laundering and securities fraud. He and was sentenced to nearly two years in prison. He was also ordered to repay $110 million out of the $200 million he took from over 1,500 customers. So far, he’s only paid back about 10 million dollars of his $110 million.
Motivating Speaking Career
Following the release of his prison cell, Belfort changed his career to become motivational speaker. Belfort started a company named Global Motivation, Inc. It was averaging three weeks per month traveling the world, delivering lectures about ethics in business and how to learn from the mistakes of others. In the 1990s Belfort believed that there was a reason to be justified in breaking the rules set out by financial regulators since there were a lot of people who were doing it. For a speaking event with Belfort it costs from $30,000 to $75,000. A sales seminar with him costs upwards of $80,000. The speaker hasn’t received the most favorable reviews for his talks, with critics expressing negative reactions to his claims about ignoring regulations on finance as in the 1990s.
Belfort published two memoirs “The Wolf of Wall Street” and “Catching the Wolf of Wall Street” which were published in over 20 countries. They have been translated into 19 languages. “The Wolf of Wall Street” was made into a movie that starred Leonardo DiCaprio, Jonah Hill, and Margot Robbie. Martin Scorsese directed the film. Martin Scorsese directed the. The writer also composed “Way of the Wolf: Becoming an Expert Closer using Straight Line Selling” that was released in the year 2017.
While living at Stratton, Belfort led a lavish lifestyle and often hosted events. Belfort also indulged in recreational drugs particularly methaqualone or the quaaludes.
Belfort as well as his partner Denise Lombardo divorced during his period as the manager of Stratton Oakmont. They were married between 1985 and 1991.
Tommy Chong was his prison cellmate and was the one who encouraged Belfort to create “The Wolf on Wall Street.”
He married British-born model Nadine Caridi in 1991. He and Nadine met in a birthday party. They shared two kids and had two children together — Chandler as well as Carter. They split following a complaint that she made against him for domestic violence (likely due to drugs) and divorced in the year 2005.
Belfort purchased the luxury yacht Nadine constructed in 1961 by the famous creator Coco Chanel. The yacht was renamed after his wife of a second time. The ship was sunk in the waters of Sardinia in June of 1996. All passengers aboard the ship were rescued from Special Forces of the Italian navy’s Special Forces. Then, Belfort admitted that he wanted to sail the boat at high winds, despite the advice of the captain of the ship.
In 2008, Belfort married Anne Koppe. The couple divorced in 2020. In 2021, Jordan started dating Cristina Invernizzi.
Belfort was compared with the infamous Ponzi scheme’s perpetrator Bernie Madoff.
Belfort is a guest star near the final scene in “The Wolf on Wall Street.”
His former security chief Bo Dietl did an interview where the former security chief claimed that he had did not see Belfort sober as working for him. The interview also disclosed that Belfort was a serious collaborator with the mob.
In 2021, hackers stole 300,000 dollars worth of cryptocurrency tokens from Belfort’s cryptocurrency wallet.
In 2001 the federal government took Belfort’s Long Island, New York mansion and sold it to pay some of the victims of Belfort’s fraud. Since 2001 the house was sold numerous times. The home was put on auction in 2017, for $3.4 million. In August of 2018 the price was cut to $2.89 million.