Jordan Belfort Net Worth: The Wolf of Wall Street

Jordan Belfort is a name that needs no introduction in the world of finance. The former stockbroker, motivational speaker, and author is widely known for his extravagant lifestyle and his portrayal by Leonardo DiCaprio in the 2013 film, “The Wolf of Wall Street”. In this article, we will take a look at Jordan Belfort Net Worth, early years, career, personal life, controversies, awards, and achievements.

Jordan Belfort Net Worth

Early Years

Jordan Belfort was born July 9, 1962, in Queens, New York City. His parents split up when he was young, and he was raised by his mother in a small apartment in Bayside, Queens. Belfort graduated from American University in Washington, D.C. with a biology degree. Following college, he relocated to Long Island and began selling meat and seafood door to door.

Jordan’s parents were accountants, and he inherited a natural ability to sell. In the 1980s, he had a meat and seafood business but went bankrupt when it failed.

Career

Belfort began his financial career in 1987, when he joined L.F. Rothschild, a New York City-based brokerage firm. He quickly progressed through the ranks and became the firm’s top earner.

By 1989, he was ready to create his own brokerage firm, “Stratton Oakmont,” which focused on penny stocks. Little did the world realize that this seemingly legitimate company would become a hub of criminal activity.

At its peak, Stratton Oakmont employed over 1,000 brokers and sold more than $1 billion in stock.

Belfort and his colleague, Danny Porush, engineered a financial frenzy. Their famed “pump and dump” scheme entailed pushing stocks onto unwary clients, artificially raising prices, and then liquidating their own holdings for large gains. The money flowed, and Belfort enjoyed the high life.

Belfort was indicted in 1996 on various counts of securities fraud and money laundering.

Mansions, sports cars, and lavish toys became Belfort’s reality.
His Quaalude addiction and irresponsible actions resulted in helicopter disasters and boat sinkings.
At Stratton Oakmont, substance addiction, promiscuity, and wild behavior were the norms.

Belfort’s employees followed the mantra, “Don’t hang up until the customer buys or dies.” Their aggressive sales tactics paid off, but the SEC was closing in.

In 1999, the Securities and Exchange Commission caught up with Stratton Oakmont. Belfort pleaded convicted to securities fraud and money laundering. He received a four-year prison term but only served 22 months. While there, he reflected on his life and wrote his first memoir:

“The Wolf of Wall Street” (2008) is Belfort’s frank tale of his rise, fall, and depravity.
“Catching the Wolf of Wall Street” (2009) is a sequel that follows his life after prison.

He is now a motivational speaker, business consultant/coach, investor, and entrepreneur.

Personal Life

Jordan Belfort has been married four times and has two children. His first marriage ended in divorce in 1991, and he later married model Nadine Caridi in 1991. The couple had two children together before divorcing in 2005.

Belfort also dated Anne Koppe from 2008 to 2020 but there are rumors that they were married at that time. Jordan is currently with Cristina Invernizzi an argentinian model whom he married in 2021.

Belfort’s personal life has been marked by drug addiction, infidelity, and extravagant spending.

Controversies

Jordan Belfort’s illicit activities at Stratton Oakmont led to his indictment and subsequent conviction. He received a four-year term and was compelled to pay $110 million in reparations to his victims. Belfort spent 22 months in prison before being released on parole in 2005.

Awards and Achievements

His book “The Wolf of Wall Street” was a bestseller and was later adapted into a film starring Leonardo DiCaprio.

Frequently Asked Questions About Jordan Belfort

1. Who is Jordan Belfort?

Belfort is a former stockbroker, motivational speaker, and author who gained notoriety for his involvement in securities fraud and money laundering.

2. What is Jordan Belfort known for?

Belfort is perhaps best known for his memoir “The Wolf of Wall Street,” which chronicles his life as a stockbroker and his subsequent legal troubles.

3. What is “The Wolf of Wall Street” about?

“The Wolf of Wall Street” is a memoir that details Jordan Belfort’s rise to wealth and power as a stockbroker, as well as the illegal activities that ultimately led to his downfall.

4. How much money did Jordan Belfort steal?

Belfort’s fraudulent practices at Stratton Oakmont led to significant losses for investors. He was ordered to pay back $110.4 million in restitution to defrauded clients.

5. What is Jordan Belfort’s net worth?

Jordan Belfort’s net worth is $-100 million.

6. What crimes did Jordan Belfort commit?

Belfort was convicted of securities fraud and money laundering in 1999, and served 22 months in prison as a result.

7. How did Jordan Belfort make his money?

Belfort made his money as a stockbroker, using illegal and unethical methods to manipulate stock prices and defraud investors.

8. What is Jordan Belfort’s educational background?

Belfort attended American University in Washington, D.C., where he earned a degree in biology.

9. Did Jordan Belfort ever marry?

Belfort married four times.

10. Does Jordan Belfort have children?

Belfort has two children, a son and a daughter.

11. What is Jordan Belfort’s current occupation?

Belfort currently works as a motivational speaker and consultant, and also runs a sales training company called Straight Line Persuasion.

12. What is Straight Line Persuasion?

Straight Line Persuasion is a sales training program created by Jordan Belfort that teaches salespeople how to effectively persuade customers and close deals.

13. Did Jordan Belfort really sink a yacht?

Yes, Belfort did sink his yacht, named “Nadine,” in a storm off the coast of Italy.

14. What is Jordan Belfort’s role in the movie “The Wolf of Wall Street”?

Belfort’s character is played by Leonardo DiCaprio in the movie “The Wolf of Wall Street,” which is based on his memoir.

15. Who was Jordan Belfort’s cellmate in prison?

During his time in prison, Belfort shared a cell with Tommy Chong of Cheech and Chong fame, who encouraged him to write about his experiences.

16. What did Jordan Belfort do before he got famous?

Before fame, Belfort showed his business skills early on. As a teenager, he made $20,000 selling Italian ice at the beach.

Conclusion

Jordan Belfort’s career is a cautionary tale of the dangers of greed and excess. While he may have achieved great success in his early years, his illegal activities and personal flaws ultimately led to his downfall.