Jordan Belfort Net Worth: Jordan Ross Belfort is an author and motivational speaker from Queens, New York. His autobiography, the Wolf of Wall Street, is his most well-known work.
Jordan Belfort net worth, personal life, employment, and other information will be explored in this article.
Who Is Jordan Belfort?
Jordan Ross Belfort is a motivational speaker and author from Queens, New York. His autobiography, The Wolf of Wall Street, is his most well-known work. In 1999, he admitted to stock market manipulation, penny stock fraud, and other offenses.
Early Life of Jordan Belfort
Jordan Belfort (Jordan Ross Belfort) was born on July 9, 1962, in New York City. His parents are Max and Leah Belfort, two Jewish accountants.
He was born in the borough of Queens, New York. Belfort graduated from American University with a degree in biology.
However, his interests and skills were related to the realms of sales, profits, and money, as evidenced by his early life.
Belford began employing his sales skills when he was still in his twenties, in the early 1980s. He even created door-to-door meat and seafood delivery service on Long Island.
He hoped to take his career on a completely different path when he enrolled at the University of Maryland School of Dentistry. But, as you could expect, it was only for a short time.
He overheard the dean suggest that dentistry’s future was grim on the first day.
Belford knew he had no choice but to exit at that point because we all know a field with a grim financial future is not a suitable fit for someone like Belfort.
After dropping out of dentistry school, Belfort pursued a job as a door-to-door salesman.
We’ve heard that this business was a huge success for him and that he was able to expand it to the point where he could employ a large number of people.
This group, under his command, is claimed to transfer over two tons of merchandise every week. When that firm went bankrupt when Belfort was 25, it brought him a lot of ill luck.
As a result of his failure, Belfort filed for bankruptcy. Following this period, Belfort’s interest in stockbroking grew.
In 1987, Belfort started as a trainee stockbroker at L.F. Rothschild.
As previously said, Belfort was interested in learning more about the sector, which is why this job was his ticket to a deeper plunge into the stock market.
However, his joy was short-lived since he was relieved of his responsibilities following the Black Monday stock market crash.
In 1985, Belfort married Denise Lombardo. Belfort’s marriage was called off in 1991 after he was caught cheating on his wife with a model.
The model Nadine Caridi later married him.
According to reports, this marriage, too, terminated owing to Belfort’s drug addiction. Belfort’s children from his marriage to Caridi are Chandler and Carter Belfort.
Career Life of Jordan Belfort
Belfort began his sales career selling fish and meat while growing up in a Queens apartment.
He decided to apply his selling skills by becoming a stockbroker in 1987. Belfort created Stratton Oakmont in the 1990s. He made a name for himself by scamming investors of millions of dollars.
Jordan and his coworker, Danny Porush, made a lot of money using a “pump and dump” method. After his brokers helped inflate the stock prices, Stratton Oakmont would sell off its investments in these stocks at a profit.
Because of his fortune, Belfort could live a life of luxury. He purchased a home, as well as luxury items and sports cars.
He developed a serious substance abuse issue. He was careless, which is one of the reasons he was involved in several incidents, including crashing his helicopter into his yacht.
Belfort also began acting abnormally towards his staff.
Belfort was sentenced to four years in prison and fined $110 million in 2003. He spent 22 months in prison. Belfort was prompted to write about his experiences by one of his cellmates. Following his release from prison, he wrote “The Wolf of Wall Street,” a memoir.
He followed up his debut work with Catching The Wolf of Wall Street, which chronicled his post-prison adventures.
Belfort is now a motivational speaker who travels the world sharing his narrative of triumph. He owns and operates a company specializing in straight-line marketing and sales training.
In an interview with the Daily Mail, he explained, “I’m a wolf who became a more benevolent character.”
Now, we will know how much is Jordan Belfort net worth as of 2022.
Jordan Belfort Net Worth
Jordan Belfort net worth is expected to exceed $115 million by 2022, and he currently works as a motivational speaker all over the world.
Jordan Belfort net worth reached $400 million in 1998. After amassing such a large fortune, Jordan Belfort’s good fortune ended, and the following year, he pled guilty to fraud and related offenses in connection with stock-market manipulation.