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Jordan Belfort’s Net Worth Is -$115 Million?

Jordan Belfort Net Worth

Jordan Belfort is an individual of note hailing from the United States. He is a former stockbroker, author, and motivational speaker, and has a criminal record related to financial malfeasance. In 1999, Belfort was held accountable for fraud and money laundering carried out in association with Stratton Oakmont, wherein investors endured significant financial losses.

  1. Early Life and Career

Jordan Belfort, who was born in 1962 and raised in the borough of Queens, New York, showed an early propensity for business. In his memoir, The Wolf of Wall Street, Belfort speaks of a time when he and a companion operated a beach side business selling Italian water ice treats out of low-cost Styrofoam coolers. During the summer between Belfort’s high school and college years, Belfort and his partner managed to make an impressive sum of $20,000.

To pursue a career of sustainability and financial success, Belfort decided to take a calculated risk by utilizing the funds he had saved from his prior business ventures to enroll at American University in order to study biology while also attending the University of Maryland School of Dentistry. Sadly, Belfort quickly realized on the first day that attaining financial success as a dentist was not a realistic goal and decided to abandon his studies at the dental school.

Subsequent to his fleeting enrollment in dental school, Belfort’s initial job was that of a door-to-door salesman in Long Island. He maintained that the company was fruitful and that he was able to expand it until he had a team comprised of several subordinates who could transport excess of two tons of freight (in this case, meat and seafood) on a weekly basis.

At the age of twenty-five in 1988, the company that he was involved in failed, leading to bankruptcy. After this difficult experience, the individual developed an interest in stockbroking and decided to pursue a job in the field with the help of a family member. This decision would ultimately shape his path and his career.

In the late 1980s, when Belfort was approaching his 30th birthday, he established Stratton Oakmont, an over-the-counter stock brokerage firm. Throughout the years, Stratton Oakmont had an impressive track record and was involved in the initial public offerings of almost thirty separate organizations.

  1. Jordan Belfort’s personal life

Jordan Belfort’s personal life mirrored his professional life, characterized by volatility and unscrupulous practices. His separation from Denise Lombardo happened simultaneously as his financial manipulations were taking place at Stratton Oakmont.

One may also be aware of Naomi, as portrayed by Margot Robbie in the movie “Wolf of Wall Street,” who is said to be the wife of Jordan Belfort. Naomi’s legal name is Nadine Caridi and she is, in fact, the second wife of Belfort.

Jordan Belfort and Nadine Belfort, or Belfort and Naomi in the motion picture, had two children together. Unfortunately, due to allegations of domestic abuse, they separated in 2015.

Nadine Caridi, the ex-wife of financier Jordan Belfort, is currently employed as a therapist under the name Nadine Macaluso. Furthermore, she has been using social media to support other women embroiled in abusive relationships. Caridi made the decision to divest from her marriage, proclaiming that the funds accumulated by Belfort were generated through unethical practices. Making a statement, she declared that she “walked away from my marriage with absolutely nothing,” believing that doing so was the morally correct course of action.

Following his nuptials to his second wife, Nadine Caridi (or Naomi in the “Wolf of Wall Street” movie), Jordan Belfort chose to christen his yacht Coco Chanel; this vessel had been constructed in 1961. In 1996, Belfort disregarded the captain’s recommendation to avoid sailing in rough waters and the yacht eventually sank off the coast of Sardinia.

  1. Net worth of Jordan Belfort

It is thought that the peak of Jordan Belfort’s net worth was in 1998, where it is speculated to have been around $400 million. Unfortunately, exact figures of his wealth are unknown, and the $400 million is only an estimation. Nevertheless, Jordan Belfort currently has an estimated net worth of $115 million, which he earns primarily from his writing, acting, and motivational speaking.

  1. Jordan Belfort’s Assets & Investments

Jordan Belfort’s investments and assets include twelve residential properties, nine automobiles, three luxury yachts, and $32 million in cash reserves. His investment portfolio, which is valued at $8 million, consists of 8 stocks, including the following: ____.

  • Visa
  • Walmart
  • Apple
  • FedEx
  • Common Motors
  1. Jordan Belfort’s Car Collection

Recently, Jordan Belfort invested a considerable amount of money in luxury automobiles. Specifically, he purchased a brand-new Alfa Romeo Giulia for a total of $90,000 USD. Additionally, the Jaguar XE he owns is worth over $125,000 USD. For further details, please see the list of vehicles and respective prices owned by Mr. Belfort below.

  • Lexus ES – $135,000 USD
  • Ferrari Portofino – $700,000 USD
  • Bugatti Chiron – $3 Million USD
  1. Jordan Belfort’s real estate

It has been reported that Jordan Belfort lives in an extravagant 10,000 square foot residence in New York City. This acquisition reportedly cost Belfort a staggering $27 million USD.

  1. Scams, Fraud, and Other Crimes

Jordan Belfort, founder of Stratton Oakmont, was convicted of illegal activity and ultimately sent to prison due to the company’s pump-and-dump schemes, among other fraudulent acts. These activities were conducted while Belfort was serving as the founder and leader of Stratton Oakmont; said acts involved the inflation of penny stocks in an unethical manner.

The company was known for its intense and aggressive tactics, and employed a high volume of stockbrokers to pressure investors into investing in risky securities. Reports have indicated that the company’s peak saw over 1,000 stockbrokers overseeing investments in excess of $1 billion.

The National Association of Securities Dealers (NASD) has a long history of initiating legal action against Stratton Oakmont. Despite this, the company remained operational for seven years before eventually shutting down in 1996.

In 1999, Belfort and his friend Danny Porush were charged with and convicted of securities fraud and money laundering.

Admitting to fraud and manipulation of penny stocks, which resulted in a loss of more than $250 million for his investors, Jordan Belfort was sentenced to a four year prison term. However, Belfort was released after only 22 months in May of 2006.

Conclusion

KEY TAKEAWAYS

  • Jordan Belfort is a former Wall Street stock broker and trader who was found guilty of crimes related to stock market manipulation and pump and dump scheme.
  • Belfort is widely regarded as a controversial public figure, who wrote two noteworthy books: The Wolf of Wall Street in 2007 and Way of the Wolf in 2009. The former book became an acclaimed blockbuster film in 2013.
  • In 2013, the movie Wolf of Wall Street, featuring Leonardo DiCaprio in the starring role, was released and was a spectacular success at the box office.
  • Reports suggest that he has taken advantage of the notoriety of his white collar crimes to benefit financially.
  • Jordan Belfort, founder of the now-defunct Stratton Oakmont, was found guilty of fraud, and was sentenced to four years in prison. However, upon completing his 22-month sentence, he was released in May 2006.
  • Belfort has since become a renowned motivational speaker, having established a business whereby he conducts lectures and talks based on his life experiences. He continues to monetize his experiences to this day.

FAQ

Q1. How much is Jordan Belfort worth now?

According to documents from 2013, the net worth of Jordon Belfort was -$115 million.

Q2. How much money did Jordan Belfort steal from shareholder?

 he has stolen a total of over $250 Million from the investors and shareholders of the company.

Q3. How did Jordan Belfort get rich?

Jordon Belfort established an investment company, Stratton Oakmont, in 1989, which generated substantial wealth through its manipulation of penny stocks.

Q4. Who is Jordon Belfort’s current wife?

Jordon Belfort is married to Cristina Invernizzi, who is a model and actress by profession.

Q5. What is Jordon Belfort’s height?

Jordan Belfort measures 6 feet 2 inches or 1.88 meters in height.

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