Jordan Belfort is a name you might know. He was a stockbroker, motivational speaker, author, and financial criminal from the US.
He was running a crooked company that took advantage of investors and cost them millions. It all went down in 1999 when he was charged with fraud and money laundering.
Net Worth of Jordan Belfort
Hey, did you know that Jordan Belfort’s fortune was estimated to be around $400 million in 1998, though nobody knows for sure? And now, his net worth is estimated to be around -$115 million, which he gets from writing, acting, and motivational speaking. Pretty cool, huh?
Early Life and Career
Jordan Belfort was born in ’62 and raised in Queens, NY. Even as a kid, he had a knack for business. Belfort wrote in his autobiography, The Wolf of Wall Street, that he and a friend had a beach business selling Italian ice out of Styrofoam coolers. Pretty impressive stuff – they made a whopping $20,000 that summer!
Belfort had a plan: use the money he’d saved up from his old business to enroll in dental school while taking a biology class at American University.
But he only lasted one day at the University of Maryland School of Dentistry–when the principal told him it wouldn’t make him rich, he bailed.
Belfort’s career began with a brief stint in dental school, but soon he was knocking on people’s doors in Long Island, selling stuff door-to-door.
He turned it into a success and expanded the business until he had a whole team of employees carting around more than two tons of meat and seafood every week. Pretty crazy, right?
So back in 1988, when he was 25, his business went bust and he was declared bankrupt. After that, he got interested in stockbroking and he asked a relative for a leg-up, which then led him to a job in the pitch.
Belfort was almost 30 when he started Stratton Oakmont, an over-the-counter brokerage house. It did really well and was involved in the public offerings of around thirty companies. Pretty impressive!
Jordan Belfort’s Personal Life
Jordan Belfort’s personal and professional life was pretty much the same. We all know he was wildly successful with Stratton Oakmont, but in his life he was a total mess, separating from Denise Lombardo while he was running his business. Talk about a wild ride!
You know Margot Robbie right? She played Naomi in “The Wolf of Wall Street” – Naomi was Jordan Belfort’s real-life wife, Nadine. They had two kids together but eventually got divorced in 2015 due to domestic abuse.
Hey, did you hear about Nadine? She’s the ex-wife of that famous financier Jordan Belfort, and now she actually works as a therapist and uses social media to help other women in abusive relationships.
After finding out that all of Belfort’s money was “blood-money,” Nadine decided to walk away with nothing, which she thought was the right thing to do. Pretty brave, huh?
So, Jordan Belfort’s second wife was named Nadine, but Hollywood changed it to Naomi for the “Wolf of Wall Street” movie. He named his yacht after her, that same yacht that had been built for Coco Chanel in 1961.
Well, Belfort was determined to sail it in 1996 no matter the conditions, and, you guessed it, it ended up sinking off the east coast of Sardinia.
Jordan Belfort’s Assets & Investments
So, Jordan Belfort’s got quite a bit going on financially. He’s got twelve residential properties, nine cars, and three yachts – that’s a lot of swag.
But wait, there’s more – he also has a reported $32 million just sitting in cash and a stock portfolio worth $8 million.
There are a bunch of different companies that are part of that whole package, but here are some that have been mentioned:
- Visa
- Walmart
- Apple
- FedEx
- Common Motors
Jordan Belfort’s Car Collection
So, Jordan Belfort recently copped himself a brand new Alfa Romeo Giulia. Cost him ninety thousand bucks. Not to mention his Jag XE which was worth over a hundred and twenty-five thousand.
His other cars ain’t too shabby either. Here’s a list with the prices.
- Lexus ES – $135,000 USD
- Ferrari Portofino – $700,000 USD
- Bugatti Chiron – $3 Million USD
Jordan Belfort’s Real Estate
So, Jordan Belfort is living in a pretty swanky place in New York; it’s a huge 10,000-square-foot residence, and he paid a whopping $27 million USD for it.
Scams, Fraud, and Other Crimes
Have you ever heard of Jordan Belfort? He was the founder of Stratton Oakmont who ended up in jail. They were doing all sorts of illegal stuff – like, they were artificially inflating the price of penny stocks and running a scheme called a pump-and-dump.
They were like a boiler room, you know, they were just pressuring people to invest in risky securities. At its peak, the company employed around 1,000 stockbrokers and was managing over $1 billion. Crazy, huh?
It’s no surprise that the National Association of Securities Dealers (NASD) was hot on the heels of Stratton Oakmont while it was in business.
After 7 years of operations, Belfort and his friend Danny Porush shut down the company in 1996. Eventually, the two were charged with securities fraud and money laundering in 1999.
So yeah, Belfort was guilty of pump-and-dump schemes and messing with penny stocks. Which then cost his investors over $250 million.
For that, he was sentenced to 4 years in prison. But get this – he only served 22 months before he was released in May ’06. Crazy, right?
Conclusion
KEY TAKEAWAYS
So, Jordan Belfort? He’s a former Wall Street stockbroker and trader, right? Yeah, he got convicted of some crazy stuff related to stock market manipulation and a pump-and-dump scheme.
Belfort is a pretty well-known figure who wrote two books: The Wolf of Wall Street (2007) and Way of the Wolf (2009). The first book was made into a movie in 2013 – it was quite a blockbuster!
Leonardo DiCaprio’s portrayal of his character in the 2013 movie The Wolf of Wall Street was a real hit at the box office, huh?
So, it looks like he’s been accused of making money off the story of his white-collar crimes, huh? That doesn’t sound too good.
So Belfort, the founder of Stratton Oakmont, was found guilty of fraud and sentenced to four years in prison – but only ended up serving 22 months. In May 2006, he was released. Pretty wild, huh?
Belfort is all grown up now, and he’s a big deal. He’s got a speaking business and is highly sought after for his motivational speeches, and of course, he’s still making money off his past experiences.
FAQ
Q1. How much is Jordan Belfort worth now?
Have you heard about Jordon Belfort? Yeah, apparently in 2023 his net worth was in the negatives, like -$115 million or something.
Q2. How much money did Jordan Belfort steal from shareholders?
So, this guy has pulled off the heist of the century and has taken over a quarter of a billion dollars from investors and shareholders.
Q3. How did Jordan Belfort get rich?
He started an investment company, Stratton Oakmont, back in 89. He made a killing by manipulating penny stocks – talk about success!
Q4. Who is Jordon Belfort’s current wife?
So, Jordon Belfort is married to Cristina Invernizzi, who is a model and an actress.
Q5. What is Jordon Belfort’s height?
Yeah, so Jordon Belfort is pretty tall, right? He’s 6 feet 2 inches or 1.88 meters.
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