Jordan Belfort Net Worth | What Is The Exact Net Worth Of The Stockbroker?

Jordan Belfort Net Worth: Jordan Belfort, an American stockbroker, motivational speaker, author, and financial criminal, was indicted in 1999 for charges of fraud and money laundering related to the market manipulation schemes of his firm Stratton Oakmont, resulting in investors losing millions of dollars. Must Read: Virgil Abloh Net Worth

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How Much Is The Net Worth Of Jordan Belfort?

Sources speculate that Jordan Belfort net worth peaked in 1998 at approximately $400 million. However, due to the lack of reliable numbers, it is only an estimate. Now, Belfort’s value is thought to be $115 million, which he earns through his writing, acting, and motivational speaking engagements.

Early Life And Career

Jordan Belfort, who was born in 1962 and raised in Queens, New York, demonstrated a natural talent for business from an early age. In his memoir The Wolf of Wall Street, he alleges that he and a friend ran a business on the beach selling Italian water ice treats in inexpensive Styrofoam coolers. As an adolescent, Belfort earned an impressive $20,000 during the summer months between high school and college.

Belfort had accrued a sufficient amount of funds from his previous business venture and intended to apply these funds to attend dental school while simultaneously studying biology at American University. However, Belfort withdrew from the University of Maryland School of Dentistry on the first day after being apprised by the principle that a career in dentistry would not yield financial success.

Upon completion of his brief dental studies, Belfort’s initial occupation was as a door-to-door salesman in Long Island. According to Belfort, this venture flourished and enabled him to amass a team of several attendants to transport up to two tons of cargo per week, consisting of meat and seafood products.

In 1988, when the man had just turned the age of 25, the company he was working for failed, leading him to declare bankruptcy. Being in such a difficult situation made him take a hard look at his life and the choices he had made and he decided to explore different professional paths. He took an interest in stockbroking and, with a relative’s assistance, could get a position he could pursue in this field.

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In the late 1980s, Belfort, upon nearing his thirtieth birthday, established the Stratton Oakmont brokerage house, an over-the-counter business. Subsequently, Stratton Oakmont exhibited exceptional success and was related to the initial public offerings of almost thirty diverse companies.

Jordan Belfort’s Personal Life

Jordan Belfort’s personal life mirrored his turbulent and unscrupulous business life during the time he ran his infamous Stratton Oakmont firm. He had already separated from Denise Lombardo when engaging in the unethical behaviour he is now known for.

Some may be familiar with Naomi, portrayed by Margot Robbie in the movie “Wolf of Wall Street.” Naomi is the alias of Jordan Belfort’s second wife, Nadine Caridi.

Jordan Belfort and Nadine Belfort (or, in the film, Belfort and Naomi) had two children together. However, the couple ended their marriage in 2015 due to accusations of domestic abuse, leading to their eventual divorce.

Nadine Caridi, formerly married to financier Jordan Belfort, is now known professionally as Nadine Macaluso and works as a therapist. She utilizes social media to provide support for women in abusive relationships. It was Macaluso’s realization that all of Belfort’s money was gained through nefarious means that led her to the decision not to take any of it when she “walked away from [her] marriage with absolutely nothing.” This was a difficult but ethical decision on her part.

Jordan Belfort, famously portrayed in the movie The Wolf of Wall Street, gave his yacht, formerly constructed in 1961 to Coco Chanel, the name of his second wife, Nadine Caridi or Naomi in the movie. Despite the captain’s advice, Belfort persisted in sailing it in strong winds and it eventually met its fate off the east coast of Sardinia in 1996.

What Are The Assets And Investments Of Jordan Belfort?

Jordan Belfort is an affluent individual who is the current owner of twelve residential properties, nine automobiles, and three luxury yachts. Furthermore, he has $32 million in cash reserves that are a part of his asset portfolio. Moreover, Belfort has an investment portfolio estimated to be worth $8 million and has invested in eight stocks. These stocks include but are not limited to, the following.

Visa

Walmart

Apple

FedEx

Common Motors

How Does Jordan Belfort Spend His Money?

Recently, Jordan Belfort invested in a brand-new Alfa Romeo Giulia for $90,000. His Jaguar XE is estimated to be worth more than $125,000. Jordan Belfort has a diverse collection of vehicles, enumerated below with their respective prices.

Lexus ES – $135,000 USD
Ferrari Portofino – $700,000 USD
Bugatti Chiron – $3 Million USD

Jordan Belfort’s Real Estate

It has been reported that Jordan Belfort, residing in New York, has acquired a 10,000-square-foot opulent residence at the cost of $27 million. Must Read: Adin Ross Net Worth

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What Were The Crimes Committed By Jordan Belfort?

Jordan Belfort, founder and CEO of Stratton Oakmont, was convicted and imprisoned for his part in the illegal actions taken by the company. These actions included the use of pump-and-dump schemes and other fraudulent activities that artificially inflated the price of penny stocks.

The data indicates that the company operated in a manner that could be considered akin to a boiler room, where investors were continually pressured to invest their money in high-stakes securities. It is estimated that the firm employed a total of one thousand stockbrokers, who oversaw investments amounting to over one billion dollars at its peak.

The National Association of Securities Dealers (NASD) has, for the duration of its existence, taken legal action against Stratton Oakmont. After seven years, James Jordon, the head of the organization, disbanded the company in 1996.

In 1999, Belfort and his friend Danny Porush faced charges of securities fraud and money laundering due to their unethical business practices.

The confessed fraudster, Belfort, was found to be guilty of partaking in pump-and-dump schemes and manipulations of penny stocks, which resulted in over $250 million worth of losses to his investors. As a result, he was given a 4-year prison term, although, in May 2006, he was released after serving only 22 months.

Highlights

Jordan Belfort has had an incredible career with a variety of noteworthy moments. His autobiographies include The Wolf of Wall Street (2007), Catching the Wolf of Wall Street (2009), and Way of The Wolf: Master the Art of Persuasion, Influence, and Success (2017). His firmographic includes The Wolf of Wolf Street, for which he won several awards and nominations. These include Academy Awards USA (Best Performance by an Actor leading role, Leonardo DiCaprio, 2014), Golden Globes (Best Motion Picture, 2014), and BAFTA Awards (Best Leading Actor, Leonardo DiCaprio, 2014).

What Are The Success Lessons From Jordan Belfort?

Having learned about Jordan Belfort net worth and how he was able to attain such success, we can now explore some of the lessons we can learn from his life and career.

1. Be A Wolf

It’s a fact that if you really want something in life, you have to go out there and go get it. Don’t be afraid to hustle and go after the things you want. The reality is that only the fiercest and hungriest candidates will get opportunities, so be like a wolf and go get it!

2. Don’t Just Talk About It, Be About It.

You know what they say: “Talk is cheap”. So instead of just talking about achieving success, you have to show it through your actions actually. If you want to be rich, you need to reprogram your mind to think like a wealthy person. That’s the only way to make it happen.

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3. Perception Is Everything

It’s essential to dress the part when you’re at work or out in public. You never know who you might meet or what opportunities may come up, so you have to look your best. Your appearance speaks volumes about you and your work ethic, so put in the effort to look your best every single day.

Conclusion

KEY TAKEAWAYS

Jordan Belfort is an ex-Wall Street stockbroker and trader who has been convicted of various offences related to unlawfully manipulating stocks and the utilization of pump-and-dump schemes.
Belfort is an infamous public figure who authored two publications: the first, The Wolf of Wall Street (2007) and Way of the Wolf (2009). The Wolf of Wall Street was adapted into a major motion picture in 2013.
Leonardo DiCaprio’s portrayal of his character in 2013’s Wolf of the Wall Street movie was highly acclaimed and it was a box office success.
It has been alleged that he has taken advantage of the situation and has profited from the publicity surrounding his white-collar crime.
Jordan Belfort, the founder of Stratton Oakmont, was found guilty of fraud, resulting in a conviction and a four-year prison sentence. Despite this, he served just 22 months of his sentence before being released in May 2006.
Belfort’s life experiences have enabled him to become a well-known motivational speaker, who now runs a very successful and profitable speaking business.

Frequently Asked Questions:

Q1. How Much Is Jordan Belfort Net Worth Now?

According to available data, Jordon Belfort was insolvent, with a net worth of negative one hundred and fifteen million dollars, in 2013.

Q2. How Much Money Did Jordan Belfort Lose?

So, basically, Belfort got off the light by only serving 22 months in Taft Correctional Institution for his involvement in the pump-and-dump scams that led to investors losing an insane amount of money – like around 200 million bucks!

Q3. How Did Jordan Belfort Get Rich?

In 1989, Jordon Belfort launched Stratton Oakmont, an investment company that operated in the penny stock market, wherein it made millions through manipulation of securities.