Jordan Belfort Net Worth: Jordan Belfort is an American entrepreneur, former stockbroker, and motivational speaker who has a net worth of $100 million. He is most famous for “The Wolf of Wall Street” and pleaded guilty to stock market manipulation, penny stock fraud, and other charges in 1999.
Jordan Belfort Early Life
Jordan Ross Belfort was born on July 9, 1962, in New York City. Max and Leah, his parents, are accountants. He grew up in Bayside, Queens, for the vast majority of his childhood. Between finishing high school and starting college, Belfort and his good friend Elliot Loewenstern made $20,000 selling Italian ice from styrofoam coolers to tourists at a nearby beach.
Belfort later graduated from American University with a bachelor’s degree in biology. Belfort planned to attend dental school with the money he earned from Loewenstern, so he enrolled at the University of Maryland School of Dentistry. On the first day of his class, he left after a teacher told him that being a dentist was not a good way to make money.
Jordan Belfort’s Net Worth
Jordan Belfort’s net worth is estimated to be around $100 million in 2022. In the 1990s, he made millions of dollars through his investment firm “Stratton Oakmont.” Belfort went door-to-door selling meat and seafood on Long Island, New York. He is now working as a motivational speaker all over the world and making a good living.
Jordan Belfort Career
Belfort tested his revenue-generating idea by selling meat and seafood door-to-door on Long Island. Belfort laid the groundwork for his strategic knowledge with several employees handling hundreds of pounds of products over the course of several years, including several years in charge of his own business.
Belfort’s efforts failed, and the funds froze around the time he was 25, and he went bankrupt. He, on the other hand, never gave up on his dream of becoming wealthy. In the 1980s, Jordan Belfort shifted his focus to the stock market, hoping to profit from the bullish trend and lax regulations. Belfort was hired as a trainee stockbroker at L.F. Rothschild in 1987 thanks to the help of a family friend.
Unfortunately, his tenure at L.F. Rothschild was brief, as the firm went bankrupt only a year later as a result of a financial crash. Belfort believes his first day on the job coincided with the 1987 stock market crash known as “Black Monday.” Belfort used his Series 7 license and credentials to apply for a position at The Investors Center, a small investment firm where he was treated like a shark in a pond.
In contrast, Jordan Belfort did not work as a financial advisor. He was employed as a salesperson. He was more concerned with obtaining value for himself than with providing value to the clients of his new investment firm, and because Belfort genuinely desired to be wealthy, a minor matter like penny stock deception would not deter him.
During the next two years, Belfort rose to become The Investor Center’s top salesman, honing his persuasion skills and sales strategies, including the “straight line” strategy, which he later claims is based on in his novel Way of the Wolf. Belfort honed his sales pitch and launched his own company in 1989. In New York, he co-founded the Stratton Oakmont firm with business partner Danny Porsche.
The firm is said to have managed assets worth between $1 billion and $1.3 billion and has taken over 30 businesses public via initial public offerings. During the company’s brief existence, both the investment firm and Jordan Belfort gained notoriety for being extravagant, attracting the attention of federal authorities.
The National Association of Securities Dealers, on the other hand, was pursuing Belfort and Stratton Oakmont. The organization was thoroughly investigating the company’s business dealings. In December 1996, the National Association of Securities Dealers expelled Stratton Oakmont from its membership, and the firm closed its doors.
Belfort resolved to write a detailed biography of his life, eager to share his story as he saw it and profit from his celebrity. The Wolf of Wall Street was the title of Belfort’s best-selling book.
Jordan Belfort’s second autobiography, Catching the Wolf of Wall Street, sought to capitalize on his growing celebrity. Jordan Belfort’s notoriety was increased by the film Catching the Wolf of Wall Street, which provided insight into the film based on his reality. The book, which has been translated into 18 languages, has been distributed in approximately 40 countries. Martin Scorsese’s film adaptation of “The Wolf of Wall Street” starred Leonardo DiCaprio.
As a result of the success of Catching The Wolf, Belfort’s third best-selling novel, “Way of the Wolf: Become a Master Closer with Straight Line Selling,” was released. In his novel, The Way of the Wolf, Jordan Belfort teaches people how to trade using the “straight-line system.” In keeping with his image as a motivational speaker, Belfort promotes Way of the Wolf as a “self-help” book.
In 2014, his book’s film adaptation earned Leonardo DiCaprio an Academy Award for Best Actor in a Leading Role, Golden Globes for Best Motion Picture, BAFTA Award for Best Leading Actor, and MTV Movie and Tv Awards for Movie of the Year.
Jordan Belfort Personal Life
Jordan Belfort divorced his first wife Denise Lombardo while running Stratton Oakmont. His relationships, which had already been strained by his pursuit of cash, became especially concerning as the company grew.
Jordan Belfort encouraged, led, and embodied his firm’s partying lifestyle. His drug adventures, particularly with cocaine and quaaludes, quickly turned into full-fledged alcoholism, and his extramarital affairs became more frequent and open. Belfort married Nadine Caridi, the ‘Duchess of Bay Ridge,’ a British-born actress and model, after his divorce from Denise Lombardo. Chandler and Carter Belfort are the couple’s two daughters.
They kept their troubled relationship together for a long time after Jordan Belfort went to jail. They tried everything to keep their relationship happy. Jordan Belfort’s heinous behavior became out of control during their marriage.
Belfort has continued to try to capitalize on his celebrity and natural abilities as a salesman and motivational speaker. Jordan’s motivational speaking career is managed by his current business partner, Anne Koppe, with whom he has been married since 2008.
Belfort has been compared to the well-known Ponzi schemer Bernie Madoff. In an interview, Bo Dietl, Belfort’s retired chief of security, stated that he had never seen him sober while working for him and that Belfort had significant connections with the mafia.
