Jordan Belfort Net Worth

Jordan Belfort Net Worth (Updated 2022), How Much Is Jordan Belfort Still Worth?

Celebrity Net Worth

What is Jordan Belfort’s Net Worth? 

Jordan Belfort is a former stockbroker and author who has been convicted of a felony. At the time this was written, Jordan Belfort had a negative net worth of $100 million.

Between 1989 and 1996, Jordan was in charge of the financial company Stratton Oakment, which ran “pump-and-dump” schemes that scammed innocent people out of hundreds of millions of dollars. In 1999, Belfort and Danny Porush, who helped start the company, were charged with fraud and laundering money. Both of them admitted guilt. In exchange for helping the government, their sentences were cut.

In 2007, Jordan’s autobiography, called “The Wolf of Wall Street,” came out. It was made into a movie with the same name, with Leonardo DiCaprio and Martin Scorsese in the lead roles. In 2013, the movie came out. The movie “Boiler Room,” which came out in 2000, was loosely based on Belfort and his old business, Stratton Oakmont.

Fans of the movie will be disappointed to learn that Jordan Belfort was never called “the Wolf of Wall Street” when he was making money schemes. Jordan gave himself this name while he was in jail and writing his autobiography. The movie says that a writer for Forbes in 1991 gave Jordan that name. That is not true. The real title of the Forbes article was “What’s the Difference Between Steaks and Stocks?” Belfort used to sell steaks and seafood door-to-door on Long Island before he became a stockbroker. Later, the article called Jordan a “twisted Robin Hood who steals from the rich and gives to himself and his merry band of brokers.” The article also said that his business model was to “push risky stocks on investors who were too trusting.”

The fact that many of Jordan’s victims were not wealthy was not shown very well in the movie. They didn’t have much money and couldn’t afford to lose what they did.

Jordan stole about $200 million from his victims during his fake reign of terror. As a form of restitution, he was told to pay back $110 million. As of this writing, only $10 million has been paid back. So, his net worth is less than $100 million.

Net Worth: -$100 Million
Date of Birth: Jul 9, 1962 (59 years old)
Gender: Male
Profession: Motivational Speaker, Entrepreneur, Author, Film Producer, Screenwriter
Nationality: United States of America

 

Early Life

Jordan Ross Belfort was born on July 9, 1962, in The Bronx, New York. He grew up in a Jewish family in Bayside, Queens. During the summer between high school and college, Belfort and a close friend made $20,000 selling Italian ice from coolers to people on the beach.

Biology was his major at American University, where he got his degree. He went to the University of Maryland School to become a dentist. He stopped going to school after the first day when a teacher told him that being a dentist wasn’t a good way to get rich.

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Personal Life

During his time at Stratton, Belfort lived a luxurious life and hosted many parties. He also used drugs for fun, especially methaqualone, which is also called quaaludes.

During the time that Belfort ran Stratton Oakmont, he and his first wife, Denise Lombardo, split up. From 1985 to 1991, they were married.

Tommy Chong was his cellmate in prison, and he was the one who told Belfort to write “The Wolf of Wall Street.”

In 1991, he married Nadine Caridi, a model who was born in Britain. At a party, they met. Together, they had two kids, Chandler and Carter. They broke up in 2005 after she accused him of domestic violence that was probably caused by drugs.

Belfort bought the luxury yacht Nadine, which was built for Coco Chanel in 1961. He changed the name of the boat to honor his second wife. In June 1996, the ship sank off the coast of Sardinia. All of the people on the yacht were saved by the Special Forces of the Italian Navy. Later, Belfort said that, even though the ship’s captain told him not to, he insisted on sailing the yacht when there were strong winds.

In 2oo8, Belfort started dating Anne Koppe. In 2015, they said, “I do.” In 2020, they are still together but haven’t gotten married yet.

People have said that Belfort is like the famous Ponzi schemer Bernie Madoff.

Near the end of “The Wolf of Wall Street,” Belfort makes a brief appearance.

In an interview, his former head of security, Bo Dietl, said that he never saw Belfort sober while he was working for him. He also said that Belfort had close ties to the Mob.

Career Life Details:

Belfort grew born in a Queens flat, where he began his career as a salesperson selling fish and meat.

In 1987, he chose to use his selling abilities in a different field and became a stockbroker. In the 1990s, Belfort founded his own business, Stratton Oakmont. He became well-known for defrauding investors of millions of dollars.

Jordan and his coworker Danny Porush used a “pump and dump” plan to make money. Stratton Oakmont would sell off its own stakes in these stocks at a profit after his brokers helped inflate the stock prices.

Belfort enjoyed a lavish lifestyle thanks to his vast fortune. He spent his money on high-end gadgets, sports vehicles, and a home.

He began to acquire a terrible drug addiction. One of the reasons for his numerous mishaps, including crashing his helicopter into his own boat. What an adventure, huh?

His drug addiction influenced his second marriage. Belfort began behaving erratically toward his employees. In Stratton Oakmont’s offices, horseplay, substance addiction, and s*x were normal.

In 2003, Belfort received a four-year term and a $110 million fine. He was imprisoned for 22 months. Belfort was inspired to write about his experiences by one of his cellmates. He wrote his memoir The Wolf of Wall Street after his release from jail.

He followed up his initial book with Catching The Wolf of Wall Street, which described his experiences after he was released from prison.

Today, Belfort travels the world as a motivational speaker, speaking about his path to success. He has his own business, which offers market straight line and sales training.

“I’m a wolf who became a more compassionate persona,” he stated in an interview with the Daily Mail.

Jordan Belfort’s net worth is estimated to be at $-100 million as of 2022, owing to his criminal history and penalties.

Restitution

In 1998, Belfort was charged with money laundering and fraud. He was found guilty of securities fraud and laundering money and went to prison for almost two years. He also had to pay back $110 million of the $200 million he stole from more than 1,500 clients. Only about $10 million of the $110 million have been paid back so far.

In 1999, Belfort was charged with fraud in the stock market and laundering money. In exchange for a deal with the FBI, he served 22 months of a four-year sentence. Investors lost $200 million because of the scams he pulled.

Real Estate and Car Collection

In 2001, the federal government took Belfort’s mansion on Long Island, New York, and sold it so that some of Belfort’s fraud victims could get their money back. Since then, the house has changed hands a few times. In 2017, it went on sale for $3.4 million. The price was cut to $2.89 million in August 2018.

Jordan Belfort just bought a brand-new Alfa Romeo Giulia for $90,000. He also has a Jaguar XE, which is worth more than $125,000 USD. Jordan Belfort also owns a $135,000 USD Lexus ES, a $700,000 USD Ferrari Portofino, and a $3,000,000 USD Bugatti Chiron.

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