Jordan Belfort Net Worth: How Much Does He Make A Year Now?

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Jordan Belfort Early Life: Where Was He Raised?

Jordan Ross Belfort’s birthday is July 9; born in The Bronx, New York. He grew up in a Jewish family in Bayside, Queens. During the summer between their junior and senior years of high school and their freshman year of college, Belfort and a close friend made $20,000 selling Italian ice out of coolers to passersby on the beach.

In the biological sciences, Belfort earned his degree from American University. He decided to attend the University of Maryland School of Dentistry. He dropped out of dental school on the first day after a professor told him the profession didn’t pay well.

Jordan Belfort Career: How Did He Become Famous?

Belfort was a meat and seafood salesman who canvassed Long Island, New York. His business expanded rapidly from a one-man enterprise to a company that sells 5,000 pounds of meat and fish every week.

A stockbroker trainee at L.F. Rothschild, he began his career after declaring bankruptcy at 25. Belfort’s first supervisor allegedly informed him that masturbation, cocaine, and hookers were the three most essential factors in achieving success.

The company fired him after the Black Monday market meltdown of 1987. Despite this setback, Belfort was determined to succeed in the stock market and earn as much as the veteran brokers. In the 1980s, Belfort worked for various financial institutions to gain as much experience as possible. After developing a winning sales approach, he struck out in 1989.

Back in the early 1990s, Belfort established Stratton Oakmont. They use a “boiler room” to sell penny stocks. Belfort defrauded his investors by employing a “pump and dump” strategy. Belfort’s Stratton Oakmont had over a billion dollars in assets under management and over a thousand employees at its peak.

But the National Association of Securities Dealers had already figured out Belfort and Stratton Oakmont’s scheme. The business’s dealings were under intense scrutiny from the group. The National Association of Securities Dealers then expelled Stratton Oakmont from its ranks in December 1996, leading to the company’s eventual demise.

Belfort allegedly used Swiss banks as a means of money laundering. His wife’s mother and aunt assisted him in sneaking the cash into Switzerland. Rumor has it that when he was in charge of Stratton Oakmont, he hosted parties complete with midget tossing competitions.

Since 1999, when he was first arrested, Belfort has been charged with securities fraud and money laundering. As part of his plea agreement with the FBI, he served 22 months of a four-year sentence. His copy had a monetary impact of $200 million on his victims.

In 1998, Belfort was indicted for fraud and money laundering. He spent nearly two years behind bars after being found guilty of securities fraud and money laundering. Of the $200 million he took from more than 1,500 customers, he was ordered to pay back $110 million. He owes roughly $110 million but only paid about $10 million back.

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The profession As An Inspiring Speaker

When Belfort got out of jail, he decided to start over and become a lecturer on how to overcome adversity. He founded a business named Global Motivation, Inc.

A good chunk of each month saw him on the road, giving speeches about the value of ethics in business and the necessity of growing from one’s experiences. For example, he defended his violations of financial authorities’ rules in the 1990s because many others had done the same.

Belfort charges between $30,000 and $75,000 for speaking engagements. It costs at least $80,000 to secure his services for a sales seminar. Reviewers haven’t been kind to his public appearances because of his stories about breaking financial laws in the 1990s.

Taking The Next Step In Your Writing Profession

Belfort’s autobiographies, “The Wolf of Wall Street” and “Catching the Wolf of Wall Street,” have been published in around 40 countries and translated into 18 languages. The film adaptation of “The Wolf of Wall Street” starred Leo DiCaprio, Jonah Hill, and Margot Robbie. The film was helmed by Academy Award winner Martin Scorsese. Way of the Wolf: Become a Master Closer with Straight Line Selling, another book of his, was published in 2017.

Jordan Belfort Personal Life: Who Is His Partner?

Jordan Belfort Personal Life: Who Is His Partner?

Belfort partied frequently and lived extravagantly during his time at Stratton. Methaqualone (commonly known as quaaludes) was his drug of choice for recreational use.

During his stint as CEO of Stratton Oakmont, Belfort got a divorce from his first wife, Denise Lombardo. From 1985 till 1991, they were happily wed. Tommy Chong, who was Belfort’s cellmate in jail, inspired him to pen “The Wolf of Wall Street.”

Nadine Caridi, a British model, became his wife in 1991. There was a gathering where they first crossed paths. As a couple, they produced two children: Chandler and Carter. They broke up in 2005 when she accused him of domestic abuse (presumably drug-related).

As previously mentioned, Belfort purchased the 1961-built luxury yacht Nadine, initially intended for fashion icon Coco Chanel. He gave the boat his second wife’s name when he renamed it. In June of 1996, the ship went down off the coast of Sardinia.

Special Forces from the Italian Navy saved everyone on board the yacht. After the fact, Belfort admitted that he was the one who insisted on continuing to sail the boat despite the captain’s warnings about the dangerous conditions.

At some point in the year 2o08, Belfort began dating Anne Koppe. In 2015, they decided to take that next step and become engaged. They stayed together without getting married till the year 2020. Many have drawn parallels between Belfort and Bernie Madoff, the notorious Ponzi schemer. Near the end of “The Wolf of Wall Street,” Belfort makes a brief appearance.

In an interview, Bo Dietl, who had served as Belfort’s head of security, claimed that he never saw Belfort sober while in the position and disclosed that Belfort had deep ties to the Mafia.

Jordan Belfort Net Worth: How Much He Earns?

Net Worth: -$100 Million
Date of Birth: Jul 9, 1962 (60 years old)
Gender: Male
Profession: Motivational speaker, Entrepreneur, Author, Film Producer, Screenwriter
Nationality: United States of America

In addition to being a former stockbroker and novelist, Jordan Belfort has been convicted of a felony. According to current estimates, Jordan Belfort net worth is $100,000,000 in the red.

From 1989 through 1996, Jordan oversaw the financial business Stratton Oakmont, responsible for a series of fraudulent pump-and-dump operations that resulted in the theft of hundreds of millions of dollars from unsuspecting investors.

Belfort and Danny Porush, the company’s co-founders, were arrested in 1999 on securities fraud and money laundering charges. Both of them entered guilty pleas. Thanks to their cooperation with authorities, their sentences were reduced.

The memoir “The Wolf of Wall Street” was written by Jordan and published in 2007. Leonardo DiCaprio starred, and Martin Scorsese directed the cinematic adaptation. It was 2013 when the film first hit theatres. The events surrounding Belfort and his former financial firm Stratton Oakmont inspired the 2000 film “Boiler Room.”

Fans of the film will be disappointed to learn that Jordan Belfort’s former colleagues never referred to him as “the Wolf of Wall Street.” While incarcerated, Jordan dubbed himself “Jordan” and wrote his autobiography.

The film suggests that a Forbes journalist from 1991 is responsible for naming Jordan. It’s not true. Although that may sound like a play on words, the original headline of the Forbes piece was “Steaks, Stocks – What’s the Difference?”

Alluding to the fact that before he became a stock broker, Belfort went door-to-door on Long Island selling steaks and seafood, etc. Subsequently, Jordan was characterized as a “twisted Robin Hood who steals from the rich and gives to himself and his merry band of brokers” in the article. According to the report, his business strategy has been “selling risky equities on unwary investors,” according to the article.

The movie glossed over the fact that many of Jordan’s victims were not well-off. They were humble folks who lacked the financial resources to lose what they did.

In all, Jordan bilked his victims out of close to $200 million during his reign of terror. An arbitrator determined that he must pay back $110 million in restitution. He has only paid back $10 million as of this writing. For this reason, he is $100,000,000 in the red.

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