Jordan Belfort Net Worth
One notable individual from the United States of America is Jordan Belfort. He is a former stock broker, author and motivational speaker with a criminal record for financial crimes. In 1999, Belfort pleaded guilty to fraud and money laundering associated with Stratton Oakmont where investors lost substantial amounts of money.
Belfort was born in 1962 in Queens, New York. An early entrepreneur at heart, he writes in his memoir about selling Italian water ice out of cheap Styrofoam coolers on the beach with a friend. Between high school and college that summer, they managed to accumulate $20,000.
To pursue an environmentally sustainable and financially successful career path, Belfort decided to take calculated risks by relying on his savings from previous businesses to attend American University for Biology while also attending University of Maryland School of Dentistry. However after one day at dental school Belfort realized that making money as a dentist was unrealistic; thus he quit studying dentistry.
His first job after leaving the dental school abruptly turned into being a door-to-door salesman on Long Island. According to him, this company did very well and he grew it so much so that he had underlings numbering several people who could move more than two tons of food per week including meat and seafood.
In 1988 when he was just twenty-five years old his company went bankrupt. From there onwards the young man developed interest in stock brokerage and thought about working as one through help from a family member. It was this decision that has made all the difference both personally as well as career wise for him.
In the late 80’s around his 30th birthday Jordan founded an OTC based stock broker firm called Stratton Oakmont which was later closed down due to serious breaches of regulatory compliance within the organization. Over time Stratton Oakmont had an impressive record having been involved in IPOs of nearly thirty different companies.
Belfort’s personal life was almost as chaotic and unscrupulous as his professional life. At the same time as his financial manipulations at Stratton Oakmont, he was splitting up with Denise Lombardo.
One might also know of Naomi, played by Margot Robbie in the movie “Wolf of Wall Street”, who is said to be Jordan Belfort’s wife. By law, Naomi is Nadine Caridi who is actually Belfort’s second wife.
Belfort fathered two children with Nadine Belfort or Naomi in the film. However, they separated after being accused of domestic violence in 2015.
Currently, Nadine Macaluso is a therapist who was once Jordan Belfort’s wife. She also been using her social media platforms to show her support towards women who are victims of abusive relationships. Caridi took the decision to divorce by arguing that all the money made by Belfort was dirty. “I left my marriage with nothing,” she stated, because it felt right in good conscience.
In “The Wolf of Wall Street” movie, second wife named Naomi (Caridi). Following his wedding to his 2nd spouse, Jordan Belfort named his yacht Coco Chanel; this boat was built in 1961. Nevertheless, despite the advice given by his captain not to sail in rough waters back then, he ignored him and eventually the yacht sank off Sardinia coast during 1996.
It is believed that Jordan Belfort had a net worth peak around $115 million in 1998. However, no one knows exactly how rich he is and the above mentioned sum can only be considered as an estimate equaling $400million. Although, currently he has an estimated net worth of 115 Million USD which majorly comes from writing books, acting and motivational speaking
Jordan Belfort’s portfolio comprises of 12 properties for living purposes, nine cars plus three luxury yachts and cash reserves amounting to $32m in total. It has an investment profile valued at $8m with ownership stake on eight stocks such as . These consist of eight major stock holdings which include______.
Recent investments for Jordan Belfort have focused on luxury cars. In particular he bought a brand new Alfa Romeo Giulia that costs ninety thousand US dollars ($90 000). Also, his Jaguar XE is said to be worth over one hundred and twenty-five thousand US dollars ($125 000) further details will be found below under Mr. Belforts owned vehicles and their prices.
According to sources, Jordan Belfort lives in a lavish 10,000 square foot residence located in New York City. This is said to have cost him an outrageous $27m.
After his company’s involvement in fraudulent pump-and-dump schemes and other illegalities, the founder of Stratton Oakmont, Jordan Belfort was prosecuted and eventually sent to jail. This took place while the former owner of the same firm led it; such activities were centered on manipulating penny stocks unethically.
The highly aggressive organization employed stockbrokers who used forceful sales tactics to persuade clients into risky investments. It has been reported that at its peak, 1,000 brokers were overseeing over $1 billion worth of investment
Stratton Oakmont has been frequently sued by the NASD over many years. However, it operated for seven years before being closed down in 1996.
He was charged with securities fraud and money laundering together with his friend Danny Porush in 1999.
The article allegedly admitted that Jordan Belfort had been convicted of defrauding his investors through penny stock manipulation and other infractions, which led to more than 250 million dollars in losses. Nonetheless, Belfort was let out after 22 months in May 2006.
In conclusion,
Key Takeaways
Jordan Belfort is a former Wall Street stockbroker and trader found guilty of crimes related with the manipulation of stocks and pump-and-dump scheme.
Belfort is widely considered an infamous public figure who authored two important books: The Wolf of Wall Street (2007) and Way of the Wolf (2009). The first one became an all-time hit movie in 2013.
A film titled “Wolf of Wall Street” featuring Leonardo DiCaprio playing the main role was released in 2013 and turned to be a great box office success.
Reports indicate that he has capitalized on his white-collar criminal fame for financial gain.
Stratton Oakmont founder Jordan Belfort was found guilty of charges relating to fraud as well as sentenced to four years imprisonment. However, he left prison in May 2006 after serving only twenty-two months.
Belfort subsequently transformed himself into a highly sought-after motivational speaker; by establishing a business through which he delivers speeches about life experiences. Currently, he still monetizes his experiences.
Frequently Asked Questions
Q1: What is Jordan Belfort’s net worth today?
According to papers from 2013, Jordan Belfort’s net worth amounted to minus $115 million
Q2: How much did Jordon Belford steal from shareholders?
he stole over $250 Million total from investors & shareholders company-wise.
Q3: How did jordan belford become rich?
Jordon Balford established Stratton Oakmont, an investment company that made immense wealth by manipulating cheap stocks, in1989
Q4: Who is Jordon Belfort’s current wife?
Jordon Belfort is married to Cristina Invernizzi who is a model and actress.
Q5: How tall is Jordon Belfort?
Jordan Belfort has a height of 6 feet 2 inches (1.88 m).
