Jordan Belfort’s Net Worth Is -$115 million? Updated 2023

Jordan Belfort is a reputation you may know. He was a stockbroker, motivational speaker, creator, and monetary prison from the US. He was operating a crooked firm that took benefit of buyers and value them thousands and thousands. All of it went down in 1999 when he was charged with fraud and cash laundering.

Early Life and Profession

Jordan Belfort was born in ’62 and raised in Queens, NY. Whilst a child, he had a knack for enterprise. Belfort wrote in his autobiography, The Wolf of Wall Road, that he and a buddy had a seashore enterprise promoting Italian ices out of Styrofoam coolers. Fairly spectacular stuff – they made a whopping $20,000 that summer season!

Belfort had a plan: use the cash he’d saved up from his outdated enterprise to enroll in dental faculty whereas taking a biology class at American College. However he solely lasted sooner or later on the College of Maryland Faculty of Dentistry–when the principal advised him it wouldn’t make him wealthy, he bailed.

Belfort’s profession started with a quick stint in dental faculty, however quickly he was knocking on folks’s doorways in Lengthy Island, promoting stuff door-to-door. He turned it into a hit and expanded the enterprise till he had a complete staff of workers carting round greater than two tons of meat and seafood each week. Fairly loopy, proper?

So again in 1988, when he was 25, his enterprise went bust and he was declared bankrupt. After that, he bought concerned about stockbroking and he requested a relative for a leg-up, which then led him to a job within the pitch.

Belfort was nearly 30 when he began Stratton Oakmont, an over-the-counter brokerage home. It did very well and was concerned within the public choices of round thirty corporations. Fairly spectacular!

Jordan Belfort’s Private Life

Jordan Belfort’s private {and professional} life was just about the identical. Everyone knows he was wildly profitable with Stratton Oakmont, however in his life he was a complete mess, separating from Denise Lombardo whereas he was operating his enterprise. Speak about a wild journey!

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You understand Margot Robbie proper? She performed Naomi in “The Wolf of Wall Road” – Naomi was Jordan Belfort’s real-life wife, Nadine. They’d two children collectively however finally bought divorced in 2015 on account of home abuse.

Hey, did you hear about Nadine? She’s the ex-wife of that well-known financier Jordan Belfort, and now she truly works as a therapist and makes use of social media to assist different girls in abusive relationships. After discovering out that each one of Belfort’s cash was “blood-money,” Nadine determined to stroll away with nothing, which she thought was the best factor to do. Fairly courageous, huh?

So, Jordan Belfort’s second wife was named Nadine, however Hollywood modified it to Naomi for the “Wolf of Wall Road” film. He named his yacht after her, that very same yacht that had been constructed for Coco Chanel in 1961. Effectively, Belfort was decided to sail it in 1996 regardless of the situations, and, you guessed it, it ended up sinking off the east coast of Sardinia.

Net Worth of Jordan Belfort

Hey, do you know that Jordan Belfort’s fortune was estimated to be round $400 million in 1998, although no one is aware of for positive? And now, his net worth is estimated to be round -$115 million, which he will get from writing, performing, and motivational talking. Fairly cool, huh?

Jordan Belfort’s Belongings & Investments

So, Jordan Belfort’s bought fairly a bit occurring financially. He’s bought twelve residential properties, 9 vehicles, and three yachts – that’s quite a lot of swag. However wait, there’s extra – he additionally has a reported $32 million simply sitting in money and a inventory portfolio worth $8 million. There are a bunch of various corporations which might be a part of that complete package deal, however listed below are some which were talked about:

  • Visa
  • Walmart
  • Apple
  • FedEx
  • Widespread Motors
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Jordan Belfort’s Automobile Assortment

So, Jordan Belfort just lately copped himself a model new Alfa Romeo Giulia. Price him ninety thousand bucks. To not point out his Jag XE which was worth over 100 and twenty-five thousand. His different vehicles ain’t too shabby both. Right here’s a listing with the costs.

  • Lexus ES – $135,000 USD
  • Ferrari Portofino – $700,000 USD
  • Bugatti Chiron – $3 Million USD

Jordan Belfort’s Actual Property

So, Jordan Belfort resides in a reasonably swanky place in New York; it’s an enormous 10,000-square-foot residence, and he paid a whopping $27 million USD for it.

Scams, Fraud, and Different Crimes

Have you ever ever heard of Jordan Belfort? He was the founding father of Stratton Oakmont who ended up in jail. They had been doing all types of unlawful stuff – like, they had been artificially inflating the value of penny shares and operating a scheme known as a pump-and-dump. They had been like a boiler room, you understand, they had been simply pressuring folks to spend money on dangerous securities. At its peak, the corporate employed round 1,000 stockbrokers and was managing over $1 billion. Loopy, huh?

It’s no shock that the Nationwide Affiliation of Securities Sellers (NASD) was scorching on the heels of Stratton Oakmont whereas it was in enterprise. After 7 years of operations, Belfort and his buddy Danny Porush shutdown the corporate in 1996. Finally, the 2 had been charged with securities fraud and cash laundering in 1999.

So yeah, Belfort was responsible of pump-and-dump schemes and messing with penny shares. Which then value his buyers over $250 million. For that, he was sentenced to 4 years in jail. However get this – he solely served 22 months earlier than he was launched in Might ’06. Loopy, proper?

Conclusion

KEY TAKEAWAYS

So, Jordan Belfort? He’s a former Wall Road stockbroker and dealer, proper? Yeah, he bought convicted of some loopy stuff associated to inventory market manipulation and a pump-and-dump scheme.

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Belfort is a reasonably well-known determine who wrote two books: The Wolf of Wall Road (2007) and Method of the Wolf (2009). The primary e-book was made right into a film in 2013 – it was fairly a blockbuster!

Leonardo DiCaprio’s portrayal of his character within the 2013 film The Wolf of Wall Road was an actual hit on the field workplace, huh?

So, it seems like he’s been accused of making a living off the story of his white-collar crimes, huh? That doesn’t sound too good.

So Belfort, the founding father of Stratton Oakmont, was discovered responsible of fraud and sentenced to 4 years in jail – however solely ended up serving 22 months. In Might 2006, he was launched. Fairly wild, huh?

Belfort is all grown up now, and he’s an enormous deal. He’s bought a talking enterprise and is very wanted for his motivational speeches, and naturally, he’s nonetheless making a living off his previous experiences.

FAQ

Q1. How a lot is Jordan Belfort worth now?

Have you ever heard about Jordon Belfort? Yeah, apparently in 2023 his net worth was within the negatives, like -$115 million or one thing.

Q2. How a lot cash did Jordan Belfort steal from shareholders?

So, this man has pulled off the heist of the century and has taken over 1 / 4 of a billion {dollars} from buyers and shareholders.

Q3. How did Jordan Belfort get wealthy?

He began an funding firm, Stratton Oakmont, again in 89. He made a killing by manipulating penny shares – discuss success!

This fall. Who’s Jordon Belfort’s present wife?

So, Jordon Belfort is married to Cristina Invernizzi, who’s a mannequin and an actress.

Q5. What’s Jordon Belfort’s peak?

Yeah, so Jordon Belfort is fairly tall, proper? He’s 6 toes 2 inches or 1.88 meters.

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