Jordan Belfort’s Net Worth 2022
Jordan Belfort is a former stockbroker and author who was convicted of a felony. Jordan Belfort’s net worth is a negative $100 million as of this writing. Jordan ran the financial firm Stratton Oakment between 1989 and 1996, which orchestrated pump-and-dump schemes that defrauded hundreds of millions of dollars from unwitting victims. Belfort and Danny Porush, the firm’s co-founders, were indicted in 1999 for securities fraud and money laundering. They both entered pleas of guilty. In exchange for cooperating with prosecutors, their sentences were commuted.
Jordan’s memoir, “The Wolf of Wall Street,” was published in 2007. It was adapted into a film of the same name, directed by Martin Scorsese and starring Leonardo DiCaprio. In 2013, the film was released. The film “Boiler Room,” released in 2000, was loosely based on Belfort and his former financial firm, Stratton Oakmont.
Unfortunately for moviegoers, Jordan Belfort was never referred to as “the Wolf of Wall Street” during his financial scheming days. Jordan gave himself that moniker while writing his memoir from prison. According to the film, Jordan was given that name by a Forbes writer in 1991. That is incorrect.
The Forbes article was actually titled “Steaks vs. Stocks: What’s the Difference?” – a reference to Belfort’s previous job as a Long Island door-to-door salesman of steaks and seafood. Jordan was later described in the article as a “twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.” His business model was also described in the article as “pushing dicey stocks on gullible investors.”
What is Jordan Belfort’s net worth 2022?
Net Worth $100 Million Annual Income $18 Million Taxes Paid $3 Million Bank Balance $21 Million Loans $5 Million Cars Owned 9 House Properties 4 Source of Wealth: Entrepreneur
- Bought a white Ferrari with first Wall Street bonus
- Sank a 167-foot yacht in a Mediterranean storm
- Once ran up a $700,000 hotel bill
- Once made love to his wife on a bed of $3 million in cash
- Made $50 million in a single year at his peak
- Prosecutors would later allege his financial scams cost investors $200 million
- Was ordered to pay $110 million in restitution
- Has paid back $10 million worth of the restitution
- Charges $30,000-$70,000 for a single speaking engagement
Also See: Steve Ballmer began his career at Microsoft as an assistant
Exclusive Details about Jordan Belfort
|Born||July 9, 1962|
|Country of Origin||United States of America|
|Favorite Music Artist||Elvis Presley|
|Favorite Food Dish||Hamburger|
Jordan Ross Belfort was born on July 9, 1962, in the Bronx, New York. He was raised 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 beachgoers. Belfort holds a biology degree from American University. He enrolled in the University of Maryland School of Dentistry. He left after the first day of classes because a faculty member told him that being a dentist wasn’t a good way to make money.
During his time at Stratton, Belfort led a lavish lifestyle and threw frequent parties. He also dabbled in recreational drugs, most notably methaqualone and quaaludes. Belfort and his first wife, Denise Lombardo, divorced during his tenure as CEO of Stratton Oakmont. They were married from 1985 to 1991.
Tommy Chong, his prison cellmate, was the one who encouraged Belfort to write “The Wolf of Wall Street.” In 1991, he married British-born model Nadine Caridi. They first met at a party. Chandler and Carter were their two children. They divorced in 2005 after she accused him of domestic violence (likely fueled by drugs).
Belfort purchased the luxury yacht Nadine, which was built for famed designer Coco Chanel in 1961. The yacht was renamed after his second wife. In June 1996, the ship went down off the coast of Sardinia. The Italian Navy’s Special Forces rescued everyone on board the yacht. Belfort later admitted that he insisted on sailing the yacht in high winds against the captain’s advice.
Belfort began dating Anne Koppe in 1988. In 2015, they got engaged. They are still together but unmarried as of 2020. Belfort has been likened to the infamous Ponzi schemer Bernie Madoff. Belfort makes a brief appearance near the end of “The Wolf of Wall Street.” His former head of security, Bo Dietl, stated in an interview that he never saw Belfort sober while working for him and revealed that Belfort had close ties to the Mafia.
Stratton Oakmont and Jordan Belfort
Jordon Belfort established Stratton Oakmont as a Stratton Securities franchise, then bought out the original founder. Stratton Oakmont once employed over 1,000 stockbrokers and was involved in more than $1 billion in stock issues.
In exchange for a plea deal with the FBI, Jordon Belfort served 22 months of a four-year sentence at the Taft Correctional Institution in Taft, California. Jordon Belfort’s restitution agreement required him to pay restitution to the 1,513 clients he defrauded up until 2009.
Belfort grew up in a Queens apartment, where he began his sales career by selling seafood and meat. In 1987, he decided to apply his selling skills to a different line of work and became a stockbroker. In the 1990s, Belfort founded his own firm, Stratton Oakmont. He became well-known for defrauding investors out of millions of dollars.
Jordan and his coworker Danny Porush laundered money through a “pump and dump” scheme. His brokers assisted in inflating the stock prices, and Stratton Oakmont would sell its own holdings in these stocks at a profit. Belfort lived a lavish lifestyle thanks to his fortune. He spent his money on expensive toys, sports cars, and a mansion.
He began to develop a serious drug addiction. One of the reasons he was involved in a number of accidents, including crashing his helicopter into his own yacht. What a life you lead, eh?
His drug addiction played a role in his second marriage. Belfort began to act recklessly toward his employees. In Stratton Oakmont’s offices, horseplay, substance abuse, and sex were the norms.
In 2003, Belfort was sentenced to four years in prison and fined $110 million. He was imprisoned for 22 months. One of Belfort’s cellmates encouraged him to write about his experiences. He wrote his memoir The Wolf of Wall Street after his time in prison.
He followed up his debut novel with Catching The Wolf of Wall Street, which detailed his life after prison. Today, Belfort travels the world as a motivational speaker, sharing his story of success. He owns his own business that offers market straight line training and sales training.
“I’m a wolf who became a more benevolent character,” he explained in an interview with the Daily Mail.
Jordan Belfort’s net worth 2022 is estimated to be $100 million.
Motivational Speaking Profession
Belfort reinvented himself as a motivational speaker after his release from prison. He established Global Motivation, Inc. He spent about three weeks a month on the road giving speeches about the importance of business ethics and learning from mistakes.
For example, in the 1990s, he believed he was justified in breaking financial regulators’ rules because many others did. A speaking engagement with Belfort will cost between $30,000 and $75,000.Booking a sales seminar with him costs $80,000 and up. He has received mixed reviews for his speeches, with some criticizing his stories about breaking financial regulations in the 1990s.
Belfort’s memoirs “The Wolf of Wall Street” and “Catching the Wolf of Wall Street” have been published in over 40 countries and translated into 18 languages. The film adaptation of “The Wolf of Wall Street” starred Leonardo DiCaprio, Jonah Hill, and Margot Robbie. The film’s director is Martin Scorsese. In 2017, he published “Way of the Wolf: Become a Master Closer with Straight Line Selling.”
Here are some of Jordan Belfort’s best moments:
- The Wolf of Wall Street (2007)
- Catching the Wolf of Wall Street (2009)
- Way of The Wolf: Master the Art of Persuasion, Influence, and Success. (2017)
The Wolf of Wolf Street, Awards, and Nominations
- Academy Awards USA (Best Performance by an Actor leading role, Leonardo DiCaprio, 2014)
- Golden Globes (Best Motion Picture, 2014)
- BAFTA Awards (Best Leading Actor, Leonardo DiCaprio, 2014)
- MTV Movie and Tv Awards (Movie of The Year, 2014)
How much did Jordon Belfort profit from his books?
Jordon Belfort has sold the film rights to his book ‘The Wolf of Wall Street’ for a whopping $50 million USD. Jordon Belfort’s memoirs, The Wolf of Wall Street and Catching the Wolf of Wall Street, have been published in over 40 countries and translated into 18 languages.
Concerns about the Law
Belfort was arrested in 1999 and charged with securities fraud and money laundering. He served 22 months of a four-year sentence in exchange for a plea bargain with the FBI. His financial scams cost investors $200 million.
In 1998, Belfort was indicted on charges of money laundering and fraud. He was sentenced to nearly two years in prison after being convicted of securities fraud and money laundering. He was also ordered to repay $110 million of the $200 million he stole from over 1,500 customers. He has only paid back about $10 million of the $110 million to date.
Assets and Investments of Jordan Belfort
Jordan Belfort has 12 real estate properties, 9 cars, and 3 luxury yachts among his possessions. Jordan Belfort’s assets include over $32 million in cash reserves. Jordan Belfort also has a $15 million investment portfolio consisting of 8 stocks. Jordan Belfort owns the following stocks:
- General Motors
Jordan Belfort has how many cars?
Jordan Belfort recently bought a brand-new Alfa Romeo Giulia for $90,000 USD. Jordan Belfort also owns a Jaguar XE worth over $125,000 USD. Jordan Belfort’s other vehicles are listed below, along with their prices.
- Lexus ES – $135,000 USD
- Ferrari Portofino – $700,000 USD
- Bugatti Chiron – $3 Million USD
Jordan Belfort Residence | Real Estate
Jordan Belfort lives in a 10,000-square-foot New York mansion. Jordan Belfort purchased this home for the sum of $27 million USD.
The federal government seized Belfort’s Long Island, New York mansion in 2001, which was then sold to repay some of Belfort’s fraud victims. The house has been sold several times since then. It was listed for $3.4 million in 2017. The price was reduced to $2.89 million in August 2018.
Jordan Belfort, dubbed “The Wolf of Wall Street,” made a fortune through his investment firm, Stratton Oakmont. He had a run-in with the law, which resulted in four years in prison and a $110 million fine. Jordan Belfort’s net worth 2022 is estimated to be around $100 million. He is currently 59 years old and works as a motivational speaker all over the world.