Jordan Belfort is a convicted criminal, entrepreneur, speaker, author, and former stockbroker from the United States. He is best known for his biography “The Wolf of Wall Street,” which was converted into a film of the same name directed by Martin Scorsese and starring actor Leonardo DiCaprio that was released in 2013.
Belfort published another memoir, Way of the Wolf, a self-help book, in 2017. Belfort has been chastised for benefitting from his tale of taking money from unwitting victims while leaving his victims with nothing. In 1989, he established Stratton Oakmont as a subsidiary of Stratton Securities, which operated as a boiler room that sold penny stocks and misled investors via “pump and dump” stock transactions. He pleaded guilty to fraud and associated offences in connection with stock-market manipulation and the operation of a boiler room as part of a penny-stock scheme in 1999.
He served 22 months in jail as part of a plea deal in which he testified against several of his fraud scheme’s partners and subordinates. Belfort has remade himself as a motivational speaker after a series of scandals and a spell in jail for securities fraud. He now owns a motivational speaking company and continues to benefit from his life experiences. The Wolf of Wall Street is his moniker.
Jordan Belfort’s Bio
Jordan Belfort was born on July 9, 1963, to Max Belfort (father) and Leah Belfort (mother) (mother). Jordan Ross Belfort is his given name. He took his first steps in the Bronx, New York City, New York, the United States of America, where he was born. He was, however, reared in Bayside, Queens, in the United States. His father and mother both worked as accountants. He is an American citizen by birth, since he was born to American parents. He is of the American-White racial group. As of 2021, he is 59 years old. His Zodiac sign is Cancer, and his religion is Judaism, according to his birth date. In addition, he has an elder brother named Robert Belfort.
Jordan earned a bachelor’s degree in biology from the American University. He went on to the University of Maryland School of Dentistry after that. He departed when the school’s dean told him on his first day: “The golden era of dentistry has come to an end. If you’ve come here just to earn a lot of money, you’ve come to the wrong place “..
Jordan Belfort’s Professional Career
Between finishing high school and enrolling in college, Jordan Belfort made $20,000 selling Italian ice from styrofoam coolers to tourists at a nearby beach with his close childhood buddy Elliot Loewenstern. He became a door-to-door meat and seafood salesperson on Long Island, New York, after leaving the University. Later, he expanded his meat-selling firm to include numerous employees and weekly sales of 5,000 pounds (2,300 kilograms) of beef and fish. His firm, however, failed, and he declared bankruptcy at the age of 25. According to his memoirs and interviews, a family acquaintance assisted him in finding a position at L.F. Rothschild as a trainee stockbroker. He claims he was let off when the company ran into financial problems as a result of the 1987 Black Monday stock market meltdown. After a while, he established Stratton Oakmont as a Stratton Securities franchise. He later bought out the company’s founder.
Stratton Oakmont served as a boiler room for penny stock marketing and “pump and dump” stock transactions, which misled investors. Stratton Oakmont formerly employed over 1,000 stockbrokers and was engaged in over $1 billion in stock offerings, including the first public offering of Steve Madden, a footwear firm. The business was thereafter pursued by law enforcement agencies for virtually its entire lifetime, and its notoriety inspired the films “Boiler Room” (2000) and “The Wolf of Wall Street,” both of which were based on true events (2013). The National Association of Securities Dealers has been closely monitoring Stratton Oakmont since 1989. (now the Financial Industry Regulatory Authority). The NASD ejected Stratton Oakmont in December 1996, thus putting it out of business. He was charged with securities fraud and money laundering in 1999.
In return for a plea agreement with the Federal Bureau of Investigation, he spent 22 months of a four-year term at the Taft Correctional Institution in Taft, California, for orchestrating pump-and-dump schemes that resulted in nearly $200 million in investor losses. He shared a cell with Tommy Chong, who urged him to write about his stockbroker experience. Following his release from jail, Tommy and Jordan became friends. His restitution arrangement compelled him to pay half of his earnings to the 1,513 customers he scammed through 2009, with a total of $110 million in restitution necessary. By 2013, Belfort’s victims had recovered around $10 million from the sale of seized properties.
In October 2013, federal prosecutors filed a lawsuit against Belfort. After his attorneys claimed that he had only been accountable for paying 50% of his earnings to reparations up until 2009 and not subsequently, the US government abandoned its request to put Belfort in default of his payments after a few days. He paid $382,910 in restitution during his parole term (after leaving jail) in 2007, $148,799 in 2008, and $170,000 in 2009. He then started negotiating a restitution payment plan with the US government, agreeing to pay a minimum of $10,000 per month for the remainder of his life towards reparations.
On his website and elsewhere, he said that he planned to propose that “100% of the revenues” from his books and the film The Wolf of Wall Street be given to victims. Belfort’s assertion was “not accurate” as of June 2014, according to spokespeople for the US attorney’s office, and he had received money from the first sale of the movie rights that was not wholly placed towards his restitution payback.
In addition, according to BusinessWeek, Belfort had paid just $21,000 toward his restitution requirements out of a total of $1.2 million given to him in connection with the film prior to its publication. He further alleged that the government turned down his offer to invest 100% of the proceeds from his book agreement toward his reparation.
Jordan Belfort’s Career as a Writer
Jordan Belfort’s memoirs “The Wolf of Wall Street” and “Catching the Wolf of Wall Street” have been translated into 18 languages and have been published in over 40 countries. The Wolf of Wall Street, based on his book, starring Leonardo DiCaprio (as Belfort), Jonah Hill, and Margot Robbie and was released in 2013. He authored his first novel after being released from jail. He also earned a $500,000 advance from Random House, and a bidding war for the picture rights to the novel erupted before its publication. Jordan Belfort is a real estate mogul. Speaking as a motivational speaker. Belford, a motivational speaker, stated: “I became avaricious… Greed is a bad thing. Ambition is good, and so is passion. Passion thrives. My objective is to give more than I get since it is the only way to achieve long-term success. Ninety-five percent of the company’s operations were legal. It was all related to the brokerage company. It was all legal and had nothing to do with stock liquidation “.. His presentations included a “The Truth Behind His Success” tour of live seminars in Australia.
Belfort remarked in a 60 Minutes interview about his current profession that his “biggest regret” in his past life was “losing people’s money.”
In addition, he conducts “Jordan Belfort’s Straight Line Sales Psychology” sales seminars. Belfort’s speaking engagements are handled via his company Global Motivation Inc., and as of 2014, he was spending three weeks out of every month on the road. Training Scandal in Australia.
The found linkages between Belfort and employment business Career Pathways Australia, managed by Paul Conquest, who also has a controlling stake in Face to Face Training, were probed by the television news service ‘7News’ and the well-known newspaper ‘The Sunday Mail’ at the time. Jordan Belfort is said to have given two sales sessions to the Face to Face Training team. For its training and evaluation services, Face to Face Training earned $3.9 million from the state government in FY2014 and $6.34 million in FY2015. Because a large sum of money was supposed to be spent on service training and certification but did not, ‘9 News Australia’ dubbed the training program a “scam” and the certification scheme a “Tick Flick” in a 60 Minutes piece.
Who is Jordan Belfort’s Wife?
Jordan Belfort is married to Cristina Invernizzi, his lovely bride. According to insiders, the couple married in an intimate ceremony in front of friends and family in February in Las Vegas. In the year 2019, the couple began dating. Cristina Invernizzi is a model and actress from the United States. The happily married pair are enjoying their current life without interruptions. Jordan and Cristina now live in Los Angeles, Florida. They were also seen at Le Rouge in Wynwood for a Les Couleurs Charity event. Belfort was also seen in Miami a month before making the announcement. He was seen eating with Drake, the rapper. In late September, the two dined separately at Carbone, which bills itself as “the most talked-about Italian restaurant in the previous decade,” according to its website. They were celebrating Drake’s new album Certified Lover Boy. They jokingly referred to themselves as the ‘werewolves of Miami,’ as Belfort captioned the shot on Instagram. He is not homosexual and has a heterosexual sexual orientation.
Jordan Belfort married his first wife, Denise Lombardo, in 1985 and subsequently divorced her in 1991 while leading the Stratton Oakmont company. Then, in 1991, he married his second wife, Nadine Caridi. Nadine Caridi is a British model by trade. Their spectacular wedding took place in Manhattan Beach, California. Carter Belfort (b. August 15, 1996) and Chandler Belfort (b. August 15, 1996) are the couple’s children (b. July 29, 1993). They later divorced in 2005 due to Nadine’s allegations of domestic abuse and adultery, which were aggravated by Jordan’s drug addiction issues. He began to embrace a life of drugs and costly parties after their divorce. After that, he dated Anne Koppe, whom he met in 2008, and they became engaged in 2012. Their romance was short-lived, and they parted ways.
Jordan Belfort’s Net Worth
Jordan Belfort is a motivational speaker, entrepreneur, former stockbroker, and author who is projected to have a net worth of $100 million as of 2022. After cheating hundreds of investors, he became rich and lived a luxurious lifestyle, purchasing sports vehicles, a large home, and a variety of other expensive stuff. Jordan received around $80,000 in seminar fees when he was the CEO of Stratton Oakmont. His speaking fees range from $30,000 to $75,000 per engagement, and his sales seminar costs may be as high as $80,000.
For the film rights of The Wolf of Wall Street, he received a $125,000 royalty and $940,500. Belfort was the last owner of the luxury yacht Nadine, which was constructed for Coco Chanel in 1961 and was named for her. The yacht capsized off the coast of Sardinia in June 1996, and all of the passengers and crew were rescued by frogmen from the Italian Navy’s COMSUBIN special operations outfit.
With his first Wall Street bonus, he purchased a white Ferrari. Belfort’s Long Island, New York estate was confiscated by the federal government in 2001 and later auctioned to repay some of Belfort’s fraud victims. The house has been sold multiple times since then. It was listed for $3.4 million in 2017. The price was reduced to $2.89 million in August 2018. His current salary has yet to be revealed. As of today, he is leading a normal life.
How tall is Jordan Belfort?
Jordan Belfort is a gorgeous guy with an athletic body type. He stands tall at the ideal height of 5 ft 7 in or 170 cm. His balanced bodyweight comprises of 75 Kg or 165.5 lbs. He has a set of blue eyes and his hair color is dark brown. He has a toned physique with short-cropped and side-parted hair. He has a clean-shaven appearance, a bright face, and a captivating grin that draws a large number of people to him. Overall, he has got a healthy body.
Quick Facts
In 1989, Jordan Belfort founded Stratton Oakmont as a Stratton Securities franchise. Jordan Ross Belfort is his given name. He is a descendant of Ashkenazi Jews. His memoir, The Wolf of Wall Street, was published in 2007. In 2013, the novel was made into a film of the same name, which was released. Leonardo DiCaprio represented his role. His Zodiac sign is Cancer, according to his birth date.