Jordan Belfort, also known as the "Wolf of Wall Street," is a former American stockbroker, motivational speaker, and author. Born on July 9, 1962, in the Bronx, New York, Belfort had a tumultuous career on Wall Street that made him a millionaire at a young age but ultimately led to his downfall.
After graduating from American University, Belfort worked as a door-to-door meat and seafood salesman before getting his start on Wall Street in the late 1980s. He founded a brokerage firm, Stratton Oakmont, which specialized in penny stocks and employed a team of "cold callers" to sell them to unsuspecting investors.
As his wealth and influence grew, Belfort began to indulge in a lavish lifestyle of drugs, sex, and alcohol, leading to his eventual downfall and imprisonment for securities fraud and money laundering. Today, he is known more for his infamous past than his financial success, but his story continues to fascinate and inspire those looking to learn from his mistakes.
Jordan Belfort Bio
Jordan Belfort Net Worth and Personal Information
Below is a table of important information about Jordan Belfort, including his net worth, age, place of birth, gender, height, country of origin, and source of wealth.
|Country of Origin|
|Source of Wealth|
Jordan Belfort is a well-known American author, motivational speaker, and former stockbroker who achieved great wealth and success before being convicted of fraud and served time in prison. Today, Belfort is estimated to have a net worth of tens of millions of dollars, thanks to his successful memoir "The Wolf of Wall Street" and his speaking and consulting career.
Born on July 9, 1962, in Queens, New York City, Belfort is currently in his late 50s. He started his career in finance in the 1980s and quickly rose through the ranks to become a successful stockbroker, founding his own firm, Stratton Oakmont, in the early 1990s. However, his career came crashing down when he was convicted of securities fraud and money laundering in 1999 and spent nearly two years in federal prison.
Despite his legal troubles, Belfort remains a sought-after speaker and consultant, known for his motivational and sales techniques. He has also continued to write books and articles, including his memoir "The Wolf of Wall Street," which was adapted into a popular film starring Leonardo DiCaprio in 2013.
Jordan Belfort was born in Queens, New York on July 9, 1962. He grew up in a middle-class neighborhood and was raised by his parents, who were both accountants. Belfort attended American University and graduated with a degree in biology in 1984.
After college, Belfort began working as a door-to-door meat and seafood salesman. He quickly rose through the ranks and became a successful stockbroker on Wall Street in the late 1980s.
- Belfort founded Stratton Oakmont, a brokerage firm, in 1989.
- He was known for his aggressive sales tactics and extravagant lifestyle, which included drugs and alcohol.
- Belfort and his company were investigated by the SEC and FBI for securities fraud and money laundering in the 1990s.
- He was eventually sentenced to 22 months in prison and ordered to pay $110 million in restitution.
As of 2021, Jordan Belfort's net worth is estimated to be $100 million.
|Source of Wealth||Amount|
|Stock brokering||$1 million+|
|The Wolf of Wall Street book||$15 million|
|Movie royalties||$12 million+|
|Speaking engagements||$70 million+|
Belfort has been married twice and has two children. He is a motivational speaker and author, and often speaks about his experiences on Wall Street and his time in prison. He currently resides in California.
Jordan Belfort was born on July 9, 1962, in Queens, New York City. He was raised in a middle-class Jewish family and attended a public school in Bayside, Queens. Jordan showed his entrepreneurial skills from a young age, selling Italian ice to earn money during summers.
At the age of 22, Jordan graduated from American University in Washington, DC with a degree in biology. However, his real passion lied in the world of finance and sales which led him into the business world. Jordan started his career as a door-to-door meat salesman, but soon after got a job as a stockbroker at L.F. Rothschild.
In 1989, Jordan founded Stratton Oakmont, a brokerage house, with his childhood friend Danny Porush. The two quickly grew their company, and by the early 1990s, they had hundreds of employees and millions of dollars in revenue.
Founding Stratton Oakmont
Jordan Belfort began his career as a stockbroker at L.F. Rothschild, where he quickly learned how to pitch penny stocks to unsuspecting buyers. In 1987, he founded his brokerage firm, Stratton Oakmont, which he used as a tool to defraud investors and manipulate stock prices. The firm grew rapidly, employing over a thousand brokers and becoming one of the most successful brokerage houses in the country.
Belfort and his associates engaged in a range of illegal activities, including money laundering, securities fraud, and market manipulation. They used a variety of tactics to swindle investors out of millions, including cold-calling potential clients and soliciting investments for non-existent stocks. Belfort's schemes were so successful that he became known as the "Wolf of Wall Street" and was able to live a lavish lifestyle, complete with luxury cars, yachts, and mansions.
In 1998, Belfort was indicted on numerous counts of securities fraud and other charges. He eventually pleaded guilty and cooperated with the FBI, providing information about his activities and helping to convict many of his former colleagues. Belfort was sentenced to 22 months in prison and ordered to pay over $110 million in restitution to his victims. Despite his criminal record, Belfort has continued to work in the financial industry, writing books and giving speeches about his experiences.
How Jordan Belfort Spends His Fortune
How Jordan Belfort Spends His Fortune
Jordan Belfort, the American author, motivational speaker and former stockbroker, has an estimated net worth of $-100 million as of 2021. Despite his negative reputation and past legal troubles, Belfort still manages to enjoy a luxurious lifestyle, spending his money generously on various indulgences.
- Real estate: Belfort owns a lavish seven-bedroom beachfront mansion in California, which he purchased for $6.45 million. He also owns a 6,500-square-foot home in Manhattan that he bought for $12 million.
- Cars: Belfort is known for his love of expensive cars, particularly Lamborghinis. He currently owns a Lamborghini Aventador Roadster, which costs around $500,000.
- Travel: Belfort is a frequent traveler and enjoys staying in luxurious hotels and resorts. He has been spotted vacationing in places like Bali, St. Bart's, and the French Riviera.
- Legal fees: Belfort has had various legal issues throughout his life, including being convicted of fraud and served time in prison. He has spent a significant portion of his wealth on legal fees, fines, and settlements.
- Charity: Despite his controversial past, Belfort is known to be a generous philanthropist. He has donated money to various causes, including hurricane relief efforts and the Make-A-Wish Foundation.
In conclusion, despite his tumultuous past and negative reputation, Jordan Belfort still manages to live the high life, spending his money on indulgences like real estate, cars, travel, legal fees, and charity.
Early Life and Career
Born in New York City in 1962, Jordan Belfort grew up in a middle-class family and attended American University. After graduation, he worked as a door-to-door meat salesman before starting his own business selling stocks. He quickly developed a reputation for aggressive sales tactics and unethical behavior.
The Wolf of Wall Street
In 1999, Belfort published his memoir, "The Wolf of Wall Street," which chronicled his rise to fortune and subsequent fall from grace. The book was adapted into a blockbuster movie in 2013, with Leonardo DiCaprio playing the role of Belfort.
In 1998, Belfort pleaded guilty to fraud and money laundering charges and spent 22 months in prison. He was ordered to pay restitution to his victims, but has only paid a fraction of the amount owed. In 2018, Belfort was sued by the producers of "The Wolf of Wall Street" for failure to repay a loan.
Despite his legal troubles, Jordan Belfort's net worth is estimated to be around $100 million. He currently works as a motivational speaker and sales trainer.
|Occupation||Motivational speaker, sales trainer, former stockbroker|
|Famous for||His memoir "The Wolf of Wall Street", which was adapted into a movie starring Leonardo DiCaprio|
|Legal troubles||Pleaded guilty to fraud and money laundering charges and spent 22 months in prison. Ordered to pay restitution to his victims, but has only paid a fraction of the amount owed. Sued by producers of "The Wolf of Wall Street" for failure to repay a loan.|
|Net worth||Estimated to be around $100 million|
Famous Quotes by Jordan Belfort
"Winners use words that say 'must' and 'will'."
Jordan Belfort believes that the words one uses can reflect their determination towards achieving their goals. If you avoid using negative or weak words and replace them with more affirmative and strong words, you can achieve more success.
"The only thing standing between you and your goal is the story you keep telling yourself that you can't achieve it."
According to Jordan Belfort, we often hold ourselves back by creating negative narratives and self-sabotaging thoughts. But if we change the narrative and believe in ourselves, we can achieve anything we set our minds to.
"The easiest way to make money is - create something of such value that everybody wants and go out and give and create value, the money comes automatically."
This quote is a testament to Jordan Belfort's success as a salesman. He believes that creating something valuable, instead of just focusing on making money, is the key to success. If people value your product or service, the money will come naturally.
"The only thing standing between you and your goal is the bullshit story you keep telling yourself as to why you can't achieve it."
This quote is another reminder of the importance of mindset in achieving success. If you keep telling yourself negative stories as to why you can't achieve your goals, you'll never reach them. It's essential to break down those stories and focus on positive affirmations towards your goals.
"The only thing standing between you and your well-being is not being willing to do the work to get there."
Jordan Belfort emphasizes the importance of taking action towards your well-being. It's not about waiting for opportunities to come to you but about going out and making them happen by putting in the necessary work.
|"The only way to get over a hump is to break through it. The only way to break through it is to have confidence."||If you want to overcome obstacles, you need to be confident in your abilities to do so.|
|"Without action, the best intentions in the world are nothing more than that: intentions."||Intending to do something is not enough. You need to act upon your intentions to achieve anything substantial.|
|"Successful people are 100% convinced that they are masters of their own destiny, they're not creatures of circumstance, they create circumstance."||Successful people take charge of their own lives and create their own opportunities instead of waiting for them to come to them.|
Famous Success Lessons from Jordan Belfort
1. The Importance of Goal Setting
Jordan Belfort, famously known as 'The Wolf of Wall Street,' believes that setting goals is the key to success. He emphasizes the importance of having clear goals in mind and breaking them down into smaller, achievable steps. According to Belfort, setting goals helps us stay focused and motivated, which ultimately leads to achieving success.
2. The Power of Persistence
Belfort's success story was not built overnight. He faced numerous obstacles and rejection, but he persisted and never gave up on his dreams. Belfort believes that persistence is the key to overcoming challenges and achieving long-term success. He advises individuals to stay committed to their goals, even when faced with setbacks and failures.
3. Importance of Building Strong Relationships
Belfort believes that success is not achieved in isolation. He emphasizes the importance of building strong relationships with colleagues, mentors, and clients. According to Belfort, building relationships helps individuals learn from others, receive guidance and support, and expand their professional network. Strong relationships are also essential in establishing trust and credibility in business.
4. The Need for Constant Learning and Improvement
Belfort believes that success is a continuous process of learning and improvement. He advises individuals to invest in themselves by learning new skills, staying up-to-date with industry trends, and seeking guidance from mentors. According to Belfort, continuous learning and improvement help individuals stay ahead of the competition and achieve long-term success.
5. The Importance of Work-Life Balance
Belfort learned the hard way that success should not come at the expense of one's personal life. He advises individuals to prioritize their personal well-being and maintain a healthy work-life balance. According to Belfort, maintaining a work-life balance helps individuals stay motivated, avoid burnout, and achieve sustainable success.
Interesting and Surprising Facts About Jordan Belfort
Jordan Belfort's Net Worth
While it may not be surprising considering his infamous reputation, Jordan Belfort's net worth is estimated to be in the millions. However, his exact net worth is difficult to determine due to his involvement in illegal activities.
The Wolf of Wall Street
Jordan Belfort's life was famously depicted in the film "The Wolf of Wall Street", starring Leonardo DiCaprio. The film portrays his rise and fall as a stockbroker, including his involvement in securities fraud and money laundering.
Jordan Belfort is known for his exceptional sales skills, which he has credited to his ability to read people's body language and adjust his approach accordingly. He has also written books and hosted seminars on sales techniques.
Despite his criminal past, Jordan Belfort continues to work in the finance industry, often as a motivational speaker or as a consultant to sales companies. He has also launched a cannabis-based wellness company and invested in a cryptocurrency startup.
Jordan Belfort's involvement in securities fraud and money laundering led to his arrest and eventual conviction in 1999. He served 22 months in prison and was ordered to pay restitution to his victims. Despite his cooperation with authorities, he has faced additional legal issues involving his finances in recent years.
Jordan Belfort: A Man with a Controversial Career and Compelling Life Story
Jordan Belfort is a former stockbroker who has led a controversial life as a stock market manipulator and convicted felon. Belfort is well-known for his infamous brokerage firm Stratton Oakmont, which was shut down by the SEC for fraud and insider trading in the 1990s.
Belfort's lavish lifestyle and fraudulent schemes had earned him the nickname "The Wolf of Wall Street," which was later used as the title of his memoir and the subsequent Hollywood film adaptation. While his actions may have been morally questionable, there is no denying that Belfort possesses an undeniable charisma and remarkable ability to sell.
Despite spending time in prison and facing numerous lawsuits, Belfort has managed to turn his life around and become a successful motivational speaker, author, and entrepreneur. He has since penned two additional books, created a successful sales training program, and is estimated to have a net worth of millions of dollars.
- Profession: Former stockbroker, motivational speaker, author, entrepreneur
- Notable Achievements: Founder of Stratton Oakmont, author of three books, creator of the Straight Line System sales training program
- Controversies: Convicted of securities fraud and money laundering, subject of multiple lawsuits, criticized for promoting unethical sales tactics
- Net Worth: Estimated to be in the millions
While Jordan Belfort's reputation may be tarnished by his past, his ability to sell and captivating life story have made him a prominent figure in the business world and a source of inspiration for many aspiring entrepreneurs.
Jordan Belfort Net Worth 2014
Jordan Belfort Net Worth 2014 by Alux.com 9 years ago 36 seconds 15,909 views
What is Jordan Belfort's net worth?
Jordan Belfort's estimated net worth is around $100 million as of 2021. However, it is difficult to determine his exact net worth due to his past illegal activities and the fact that he has had to forfeit a significant amount of his wealth to pay back his victims as part of his plea deal.
What is Jordan Belfort known for?
Jordan Belfort is known for being a former stockbroker and the founder of Stratton Oakmont, a brokerage firm that was involved in securities fraud and money laundering. He was also famously portrayed by Leonardo DiCaprio in the movie "The Wolf of Wall Street," which was based on his memoir of the same name.
What happened to Jordan Belfort after his arrest?
Jordan Belfort pleaded guilty to securities fraud and money laundering in 1999 and was sentenced to 22 months in prison. He also had to pay $110 million in restitution to his victims. After his release from prison, he became a motivational speaker, author, and sales trainer.
Is Jordan Belfort still active in the business world?
Yes, Jordan Belfort is still active in the business world as a motivational speaker and sales trainer. He has written several books on sales and entrepreneurship, including "The Way of the Wolf" and "Straight Line Selling," and he is a sought-after speaker at conferences and events around the world.