Jordan Belfort Net Worth
Jordan Belfort has a negative net worth of $100 million. Nicknamed “the Wolf of Wall Street,” Jordan Belfort made millions in the 1990s through his investment company, Stratton Oakmont. His memoir is the basis for the 2013 Martin Scorsese film ‘The Wolf of Wall Street,’ starring Leonardo DiCaprio. He earned the majority of his income from Stratton Oakmont.
Jordan Belfort was a natural salesman from a young age, having run a meat and seafood business in the 1980s. Belfort began selling stocks in 1987, after that company went bankrupt. By 1989, he was running his own investment firm, Stratton Oakmont. The company defrauded its investors by making millions illegally. In 1992, the Securities and Exchange Commission launched an investigation into the company’s misbehavior. Belfort pleaded guilty to securities fraud and money laundering in 1999. He was sentenced to four years in prison in 2003, but only served 22 months. In 2008, Belfort released his first memoir, The Wolf of Wall Street. He published Catching the Wolf of Wall Street the following year.
To calculate the net worth of Jordan Belfort, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||-$100 Million|
|Annual Income:||$18 Million+|
|Source of Wealth:||Motivational speaker, Entrepreneur, Author, Film Producer, Screenwriter|
Early Life and Career
Jordan Ross Belfort, born on July 9, 1962, in Queens, New York, became famous for his role in swindling millions of dollars from investors in the 1990s through his investment firm, Stratton Oakmont. Belfort, the son of an accountant, grew up in a modest Queens apartment. He was a natural salesman who eventually started a business selling meat and seafood, but it failed quickly.
Belfort used his sales skills in a different arena in 1987. He began working for a brokerage firm, where he learned the ins and outs of being a stockbroker. Belfort founded his own trading firm, Stratton Oakmont, two years later.
‘The Wolf of Wall Street’
Belfort and his partner, Danny Porush, made a fortune through a “pump and dump” scheme. His brokers pushed stocks onto unsuspecting clients, inflating stock prices, and then the company sold off its own holdings in these stocks at a huge profit.
Belfort lived the high life, flush with cash. He lavished his money, purchasing a mansion, sports cars, and other pricey items. He also developed a serious drug addiction, particularly for Quaaludes. Due to his drug use, Belfort was involved in several accidents, including crashing his helicopter into his own yard and sinking his yacht, which once belonged to designer Coco Chanel, while under the influence. His addiction also played a role in the dissolution of his second marriage.
Belfort also encouraged his employees to be reckless. Substance abuse, sex, and horseplay were commonplace at the Stratton Oakmont offices on Long Island, New York. A firm assistant was once paid $5,000 to allow some of the firm’s traders to shave her head. Employees were also encouraged to follow the company motto, “Don’t hang up until the customer buys or dies.” Their aggressive sales tactics were successful in the short term. “It’s easier to get rich quick when you don’t follow the rules,” Belfort told the New York Post.
Trouble With the Law
In 1992, the Securities and Exchange Commission attempted to shut down Stratton Oakmont’s shady stock operation, alleging that the company had defrauded investors and manipulated stock prices. Belfort was out of the brokerage business two years later. The SEC and Stratton Oakmont had reached an agreement, which included a lifetime ban from the securities industry for Belfort and a fine for the company.
More legal problems awaited Belfort and his company. The National Association of Securities Dealers expelled Stratton Oakmont from its ranks in 1996, and the company was ordered to be liquidated the following year to pay off its numerous fines and settlements. Belfort pleaded guilty to securities fraud and money laundering in 1999. He cooperated with authorities in order to have his prison sentence reduced.
Belfort was sentenced to four years in prison and fined $110 million in 2003. He spent 22 months in prison, where he became interested in writing. One of Belfort’s cellmates at the time, comedian Tommy Chong, encouraged the former stockbroker to write about his experiences.
Life After Prison
Belfort used one of his nicknames as the title of his memoir, The Wolf of Wall Street, which was published in 2008. The book delves into his meteoric rise and explosive fall in the financial world. The following year, Belfort published Catching the Wolf of Wall Street, a second memoir that detailed his life after his arrest. Martin Scorsese’s film adaptation of The Wolf of Wall Street, starring Leonardo DiCaprio as Jordan Belfort, was released in 2013.
Belfort owns his own company, which offers sales training and markets Straight Line training programs aimed at wealth creation, as well as motivational speaking. Belfort claims he has cleaned up his act. “I’m a wolf who became a more benevolent character,” he explained in an interview with the Daily Mail. Belfort is said to have paid $14 million of the $110 million fine levied against him.
How Much Are Jordan Belfort’s Cars Worth?
Jordan Belfort recently purchased a brand new Alfa Romeo Giulia for $90,000.00 USD. The Jaguar XE that Jordan Belfort owns is worth more than $125,000.00 USD. Below are some of Jordan Belfort’s other vehicles and their prices.
- Lexus ES – $135,000 USD
- Ferrari Portofino – $700,000 USD
- Bugatti Chiron – $3 Million USD
What Houses Does Jordan Belfort Own?
In 2001, the federal government seized Belfort’s mansion on Long Island, New York, and sold it so that some of Belfort’s fraud victims could get their money back. Since then, the house has changed hands a few times. In 2017, it was listed for sale for $3.4 million. The price was lowered to $2.89 million in August 2018.
Jordan Belfort Height and Weight
Jordan Belfort is 1.7 m and his weight is 67Kg.
Jordan Belfort Age and Birthday
Jordan Belfort was born on July 9, 1962, in Bronx, New York, United States. He is 59 years old as of 2022.
Favorite Jordan Belfort Quotes
“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.”
“When you live your life by poor standards, you inflict damage on everyone who crosses your path, especially those you love.”
“If I earn a million dollars a week and the average American earns a thousand dollars a week, then when I spend twenty thousand dollars on something it’s the equivalent of the average American spending twenty dollars on something, right?”
“If you want to be rich, never give up. People tend to give up. If you have persistence, you will come out ahead of most people. More importantly, you will learn. When you do something, you might fail. But that’s not because you’re a failure. It’s because you have not learnt enough. Do it differently each time. One day, you will do it right. Failure is your friend.”
“Without action, the best intentions in the world are nothing more than that: intentions.”
“I want you to back yourself into a corner. Give yourself no choice but to succeed. Let the consequences of failure become so dire and so unthinkable that you’ll have no choice but to do whatever it takes to succeed.”
“No matter what happened to you in your past, you are not your past, you are the resources and the capabilities you glean from it. And that is the basis for all change.”
View our larger collection of the best Jordan Belfort quotes.
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How To Become Rich Like Jordan Belfort?
Jordan Belfort did not become rich by luck. To become as rich as Jordan Belfort, you have to work smart.
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