Jordan Belfort is a former stockbroker who is better known as the “Wolf of Wall Street”.
This article will tell you about his bio, quick facts, childhood, early life, career, personal life, and net worth.
|Full Name||Jordan Ross Belfort|
|Date of Birth||July 09, 1962 AD|
|Age||59 Years (as of 2021)|
|Birthplace||The Bronx, New York, United States|
|Spouse||Denise Lombardo (Div.), Nadine Caridi (Div.)|
|Children||Carter Belfort, Chandler Belfort|
|Net Worth||-$100 million (estimated in 2021)|
Jordan Ross Belfort is an American motivational speaker, former stockbroker, and author. Born in New York, Belfort was blessed with the talents of a good seller from a very young age. He started a stockbroker and made millions of dollars illegally in the 1990s through Stratton Oakmont, an investment company he owned. Unable to resist pressure from law enforcement, Jordan pleaded guilty to multiple investor fraud and other crimes related to stock market manipulation. He also pleaded guilty for running a boiler room as part of a “Penny Stock scam”.
Jordan Belfort spent nearly 22 months in prison. As part of the settlement, he testified against multiple subordinates and partners involved in his fraud schemes. Since then, Belfort has reformed his methods and made numerous motivational speeches. When he started giving speeches, the topics were mainly about morality and motivation. However, he later changed his focus to entrepreneurial and sales skills. In his speeches, he emphasized the role of ethics in running a successful business and how to avoid the mistakes you have made in your career.
Childhood and Early Life:
Jordan Belfort was born on July 9, 1962, in New York City, USA, the son of Max and Leah Belfort. He grew up in a modest apartment in Bayside, Queens. Both parents were accountants by profession and were of Jewish descent. He finished high school and then graduated with a degree in biology from the American University. He then joined the University Of Maryland College Of Dental Medicine. However, he dropped out before completing the course.
Jordan Belfort ran a seafood and meat company in the 1980s. When the company was forced to close because it lost money, Belfort began selling shares in 1987. Belfort put his sales expertise in a completely different field when he began his career with brokerage firm in 1987. Here he learned the intricacies of being a stockbroker. Two years later, he began running his own investment company, Stratton Oakmont. Jordan and his partner Danny Porush became rich after using the infamous “pump-and-dump” scheme. As part of this plan, its brokers were required to force some of the shares onto the unsuspecting clients of the company, which helped inflate the prices of those shares.
As part of this deceptive scheme, his company sold off and made a profit. The US Securities and Exchange Commission decided to end the jagged Stratton Oakmont stock operation in 1992 and claimed that the company was manipulating stock prices and defrauding investors. Just two years later, Belfort exited an interesting brokerage business. In the suit that followed, the court asked Jordan to pay $ 110.4 million for defrauding several stockbrokers. While in prison, Belfort shared a cell with Tommy Chung, with whom he remained friends even after his release. Chung encouraged Belfort to write his experiences as a stockbroker. Jordan will continue to be credited with Chung in his current career as a writer and motivational speaker.
Jordan Belfort is widely recognized as one of the best motivational speakers. He embarked on a live tour of the world from 2014 to 2015, giving lectures on motivational topics. The main topics of his seminars include the “Straight Line System”, which deals with sales advice. In addition to holding seminars, Belfort has also acted as a consultant to over 50 public companies. He is also known for his writings that appear in many major magazines and newspapers around the world. His writing has also been published in magazines such as “Business Week” and “Forbes” among many others.
Jordan Belfort became rich after defrauding hundreds of investors, living a luxurious life, buying sports cars, a huge mansion, and many other expensive things. Soon after, he started using drugs and love using Quaaludes so much. Jordan has been exposed to several accidents during the influence of drugs. His helicopter once crashed into his backyard and also flooded his luxury yacht. Jordan’s first wife was Denise Lombardo, whom he divorced while managing investment firm Stratton Oakmont. Then he married Nadine Caridi. Nadine is a British-born model who grew up in Bay Ridge, Brooklyn.
Jordan Belfort met her at a party and he has two children from his second marriage. Nadine and Belfort divorced after the former claimed that she was a victim of domestic violence at the hands of her notorious husband. She claimed that domestic violence worsened with Jordan’s drug use and his romantic relationships with several other women. They officially separated in 2005 and the couple’s children now live with Belfort. He spent 22 months in prison for his involvement in defrauding investors through his investment company. Interestingly, the sentence was originally four years.
Jordan Belfort has an estimated net worth of almost -$100 million (estimated in 2021).