Jordan Belfort Net Worth And Biography

Jordan Belfort has a negative net worth of $100 million. Jordan Belfort is an American entrepreneur, speaker, author, and former stockbroker. In 2007, Jordan Belfort wrote his memoir The Wolf of Wall Street, which was later turned into a 2013 movie of the same name.

Jordan oversaw Stratton Oakmont, a financial company that employed pump-and-dump methods to steal hundreds of millions of dollars from helpless victims, between 1989 and 1996.

Danny Porush and Belfort, the company’s co-founders, were charged with money laundering and securities fraud in 1999. They both entered guilty pleas. They received lighter terms in return for helping the prosecution. The Wolf of Wall Street, his autobiography, is his best-known work. He entered a guilty plea to fraud, stock market manipulation, and other charges in 1999. That said, let’s discuss more on Jordan Belfort’s net worth and how he went bankrupt.

READ ALSO: Dwayne Johnson’s Net Worth and Biography

Key Facts On Jordan Belfort 

• Jordan Belfort was a stockbroker in the 1990s. He founded Stratton Oakmont, an OTC brokerage house in the late 1980s.
• Reports have it that his negative net worth is a result of a fine that he was ordered to pay by the SEC – over $110 million. He allegedly only paid around $14 million of the total amount.
• In 1998, Jordan Belfort and his associate were arrested for money laundering, as well as securities fraud. The following year, he pleaded guilty to crimes related to stock manipulation – in 2003, he was sentenced to four years in prison but served only 22 months.
• The movie The Wolf of Wall Street featuring Leonardo DiCaprio and Margot Robbie is based on his memoir with the same title that he wrote while he was in prison and that was published in 2007.
• His third book, Way of the Wolf, was published in 2017.
• Currently, Jordan Belfort works as a motivational speaker and runs his own company, teaching marketing techniques and providing sales training to businesses.

READ ALSO: Ryan Gosling Net Worth And Biography

Jordan Belfort’s Net Worth And Biography

The table below contains Jordan Belfort’s net worth and short biodata

Early Life

Jordan Belfort was born in Queens, New York on the 9th of July, 1962. His parents, Max and Leah, are both accountants and are Jewish families. Belfort earned a biology bachelor’s degree from American University.

He enrolled in the University of Maryland School of Dentistry

The University of Maryland School of Dentistry was where he made the decision to enroll. He left his college on his first day after hearing the following from the dean:

“The golden age of dentistry is over. If you’re here simply because you’re looking to make a lot of money, you’re in the wrong place.”  During the summer between his senior year of high school and his freshman year of college, Belfort and a close friend made $20,000 selling Italian ice to beachgoers from coolers.

Belfort received a biology degree from American University. At the University of Maryland School, he registered for dental school. When a professor stated that becoming a dentist wasn’t a method to become wealthy after the first day of lectures, he departed.

Career

At an early age, he worked for a meat company, where he established the company sales record in his first week there, among other sales positions, in his early years.

When he was 25, he applied for bankruptcy and was hired as a trainee stockbroker at L.F. Rothschild. According to rumors, Belfort’s first supervisor advised him that hookups, cocaine, and masturbation were the secrets to success.

In the wake of the 1987 Black Monday stock market meltdown, he was fired from this company. Belfort was nevertheless obsessed with the concept of earning the same amount of money as the more experienced stockbrokers.

Belfort worked for several financial companies in the late 1980s, taking up all the information he could. He polished his sales technique before deciding to launch his own business in 1989.

In 1987, he chose to use his sales abilities in a different industry and became a stockbroker. In the 1990s, Belfort founded Stratton Oakmont, his own business. He gained notoriety for defrauding investors of millions of dollars.

Jordan used a “pump and dump” strategy with his coworker Danny Porush to launder money. The prices of the stocks were inflated by his brokers, and Stratton Oakmont afterward sold its own shares in these stocks for a profit.

Belfort led a lavish lifestyle because of his wealth. He purchased a home, posh gadgets, and sports automobiles. He began to acquire a terrible drug addiction. He had a history of mishaps, including one in which he crashed his helicopter into his own yacht. Oh by God, what a life!

More so, his second marriage was made more difficult by his drug use. Belfort began acting carelessly with his employees. In Stratton Oakmont’s offices, sex, drug usage, and horseplay were commonplace.

In 2003, Belfort was given a four-year prison 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 spending his entire life in prison.

Catching The Wolf of Wall Street, which described his life after prison, was published soon after his first book. His third book, Way of the Wolf, was published in 2017. Today, Belfort travels the globe as a motivational speaker, sharing his story of bittersweet triumph. And teaching marketing techniques and providing sales training to businesses.

What Is Jordan Belfort’s Net Worth?

Jordan Belfort has a negative net worth of $100 million. Jordan withholds his net worth due to his legal battles with the SEC. Official sources claim that he has a negative net worth, but in reality, he hides his assets from his creditors by using shell businesses and corporations.

Jordan earned almost $70,000 each month thanks to his outstanding sales abilities, which propelled him to the top of the organization’s sales board. He and his business partner Danny Roush established Stratton Oakmont because he was looking for more from his profession.

He had a lavish lifestyle while in charge of Stratton. His creation of the “Straight Line Persuasion” sales technique, which he employed to turn his team into a group of “killers,” made him famous. Jordan, however, was an unethical broker who repeatedly violated SEC regulations.

View this post on Instagram

A post shared by Jordan Belfort (@wolfofwallst)

READ ALSO: Top 10 Most Expensive NFTs Ever Sold (2022)