Net Worth & Profile
Jordan Belfort Biography, Net Worth, Career
This article details Jordan Belfort’s net worth and biography, he is an American author, motivational speaker, and former stockbroker.
Jordan Belfort is an American author, motivational speaker, and former stockbroker. He is perhaps best known for his memoir, “The Wolf of Wall Street,” which was adapted into a film by Martin Scorsese and starred Leonardo DiCaprio as Belfort.
Bio Data
| Full Name: | Jordan Belfort |
| Date of Birth: | 9th July 1962 |
| Age: | 60 years |
| Gender: | Male |
| Nationality: | American |
| Career: | Author, Motivational Speaker |
| Jordan Belfort Net Worth: | -$100 million |
| Marital Status: | Divorcee |
Career
Belfort was born in 1962 in the Bronx, New York. He began his career as a stockbroker in the 1980s, working for the brokerage firm L.F. Rothschild. In 1987, he founded his own firm, Stratton Oakmont, which became a major player in the initial public offering market. Stratton Oakmont engaged in practices such as pump and dump, in which the firm would artificially inflate the price of a stock and then sell it, leaving unsuspecting buyers with devalued shares.
In the 1990s, Belfort was convicted of securities fraud and money laundering and served 22 months in prison. Following his release, he began working as a motivational speaker and author, sharing his story of redemption and the lessons he learned from his experiences. In addition to “The Wolf of Wall Street,” he has also written the books “The Way of the Wolf” and “Catching the Wolf of Wall Street.”
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Controversies
Jordan Belfort has been involved in several controversies, both during his career as a stockbroker and in the years following his release from prison.
One of the main controversies surrounding Belfort is the unethical and illegal business practices he engaged in while running Stratton Oakmont. These practices included securities fraud, money laundering, and stock manipulation through the use of “pump and dump” schemes. Belfort and his colleagues at Stratton Oakmont were accused of defrauding thousands of investors out of millions of dollars.
In addition to these legal controversies, Belfort has also faced criticism for his post-prison activities as a motivational speaker and author. Some have accused him of profiting off of his past wrongdoing and of lacking genuine remorse for the harm he caused to others. There have also been allegations of plagiarism in some of his writing.
Belfort has also faced personal controversies, including allegations of domestic violence and substance abuse. He has acknowledged struggling with addiction and has said that he has worked to overcome these issues.
Jordan Belfort’s Net Worth
It is difficult to accurately estimate Jordan Belfort’s current net worth. Some sources have claimed that he is worth millions of dollars, citing the success of his books and his career as a motivational speaker. However, these estimates have not been independently confirmed and it is not clear how much of Belfort’s wealth, if any, comes from his illegal activities as a stockbroker.
Belfort was ordered to pay back over $100 million in restitution to the victims of his financial crimes. It is not clear to what extent he has fulfilled this obligation. This is why sources like Wealthygorilla estimated his net worth to be -$100 million.
In a 2014 interview with Rolling Stone, Belfort stated that he was “totally broke” and living off of the earnings from his speaking engagements and book sales. However, it is important to note that this statement was made nearly a decade ago and Belfort’s financial situation may have changed since then.
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Quick Facts about Jordan Belfort
Here are some trivia facts about Jordan Belfort:
- Belfort’s memoir, “The Wolf of Wall Street,” was adapted into a film by Martin Scorsese and starred Leonardo DiCaprio as Belfort.
- Jordan Belfort’s firm, Stratton Oakmont, was featured in the documentary “The Boiler Room,” which explored the world of unethical and illegal activities in the stock market.
- Belfort was sentenced to four years in prison in 1999 but only served 22 months due to a plea deal.
- Belfort has stated that he was heavily influenced by the sales techniques of motivational speaker Tony Robbins.
- Belfort has claimed that he has made over $50 million as a motivational speaker.
- Belfort’s second book, “The Way of the Wolf,” is a self-help guide that teaches readers how to use persuasion and influence to achieve success in business and in life.
- He has faced criticism for his post-prison activities, with some accusing him of profiting off of his past wrongdoing and lacking genuine remorse for the harm he caused to others.
- Belfort has struggled with addiction and has been open about his past substance abuse issues.
- Belfort has been married and divorced several times and has five children.