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It is difficult to accurately estimate the current net worth of Jordan Belfort. Some sources say he is worth millions of dollars, citing the success of his books and his career as a motivational speaker.
However, these estimates have not been independently verified, and it is unclear how much of Belfort’s wealth, if any, comes from his illegal activities as a stockbroker.
Jordan Belfort’s wealth peaked in 1998, when his net worth exceeded $400 million (adjusted for inflation).
After reaching such a peak in his net worth, Jordan Belfort’s good times came to an end, and as early as next year he will plead guilty to fraud and related crimes in connection with stock market manipulation.
Who is Jordan Belfort?
Jordan Belfort is a former stockbroker and current motivational speaker who was found guilty of securities fraud and money laundering following a massive FBI investigation into him and his Stratton Oakmont brokerage.
Although his name is recognizable, people often think of Leonardo DiCaprio when Belfort’s name is mentioned, as DiCaprio played Jordan Belfort in Scorsese’s hit film The Wolf of Wall Street.
Jordan Belfort Early Life
Jordan Ross Belfort was born on July 9, 1962 in the Bronx, New York, to a Jewish family. He spent his childhood in Queens, New York. When he was a teenager, Jordan started selling ice cream and puka shell necklaces on the beach to earn money.
In his early years, he held several positions in the sales department, including working for a meat company where he set the company’s first-week sales record. Jordan graduated from high school and went on to dental school at the University of Maryland.
However, he left during orientation on the first day of class after the professor gave a speech about dentists never being rich. He eventually graduated from college with a degree in biology from American University.
Jordan Belfort’s Early Career
Belfort sold meat and seafood door-to-door on Long Island, New York. His meat business grew from a one-man operation to a company that employed several people and sold 5,000 pounds of beef and fish each week.
When he was 25, he filed for bankruptcy and found work at L.F. Rothschild as a trainee stockbroker. Belfort’s first boss allegedly told him that the keys to success were masturbation, cocaine and prostitutes.
He was fired from that firm after the stock market crash on Black Monday 1987. Despite this setback, Belfort was enamored with the idea of making the kind of money that older stockbrokers were making.
In the late 1980s, Belfort worked at a number of financial firms, soaking up all the knowledge he could. He improved his advertising and in 1989 decided to open his own firm. Belfort founded Stratton Oakmont in the early 1990s.
The firm sells penny stocks in boiler room conditions. Belfort used a pump and dump scheme to defraud his investors. At the height of Stratton Oakmont’s success, Belfort had more than 1,000 stockbrokers and more than $1 billion under management.
However, the National Association of Securities Dealers was on Belfort and Stratton Oakmont. The association carefully checked the company’s operations.
Then, in December 1996, the National Association of Securities Dealers expelled Stratton Oakmont from its membership, and the firm went out of business.
Belfort reportedly laundered his money in Swiss banks. His mother-in-law and his wife’s aunt helped smuggle the money to Switzerland. While running Stratton Oakmont, he reportedly hosted parties that included dwarf tossing contests.
What Is Jordan Belfort Net Worth?
As of January 2023, Jordan Belfort has an estimated net worth of -$100 million and currently travels the world as a motivational speaker. Belfort made millions in the 1990s through his Stratton Oakmont investment company.
Belfort reportedly paid $14 million of the $110 million fine against him. In the past, he owned many luxury cars and mansions. One of his former mansions is worth $3.4 million. The mansion had five bedrooms, a garage, a large pool and several rooms for entertaining.
Belfort bought a luxury yacht that belonged to Coco Chanel before he bought it. One of his most expensive purchases is a complete airplane that he once had on his yacht.
Jordan Belfort’s Real Estate Portfolio
Jordan Belfort once owned a home in Old Brookville, on the north shore of Long Island. However, he could no longer enjoy the house because of the fraudulent activities he was involved in as he had to pay for what he had done.
Having said that, after he was asked to pay back the $110 million he stole from investors, his old home was seized by the federal government and sold in 2001 to pay back some of his victims.
The house was grand at 8,706 square feet. It was put on the market for $3.4 million. It sits on two acres of land with an impressive two-story foyer, as well as a ballroom-sized living room, double oven and many other luxurious amenities.
It’s not Belfort’s extravagant lifestyle, which involved many parties at his mansion. Because he had such high taste in them, his house had many well-appointed rooms and a large garage that could fit 3 cars.
In addition, the mansion had an in-ground pool, as well as a separate pool house. This already creates a big attraction for those who like big parties.
Jordan Belfort does not own a beautifully built house. He currently resides in a California home in Manhattan Beach with his partner Ann Koppe.
Jordan Belfort’s Marital Life And Family
Considering the amount of fame Jordan Belfort has gained through his career as a businessman and his popularity after writing The Wolf of Wall Street, his love life is a curious one.
However, if you’ve just heard of Jordan Belfort, you might not know whether the entrepreneur has a wife or not. Jordan Belfort was married more than once. In fact, he had two marriages, and the first was to Denise Lombardo.
Indeed, Denise Lombardo was his first wife, but the marriage did not last long. Four years later, they divorced, and although she did not hold the hand of the famous Belfort, she still gained a following.
Denise Lombardo has not disclosed her personal information and Denise Lombardo net worth, but she still has a good professional life that she is known for.
After her divorce from Jordan Belfort, she graduated and then earned a degree, after which she worked various jobs, including working in sales as a flooring specialist. She became a real estate agent back in 2010 and has been one ever since.
After some time, in 1991, Belfort married a second time, to a woman named Nadine Caridi. She is a former British model who became famous after marrying an entrepreneur.
Nadine Caridi met him at one of the parties he hosted at his home. Her boyfriend at the time, Alan Wilzig, was the one who introduced her. Oh, what irony!
Soon, a spark started and the two began to be attracted to each other. After Jordan Belfort’s first marriage broke up, they got married. Although it all seems like a fairy-tale romance, things turned out badly at the wedding.
Jordan Belfort is said to have started abusing substances and having affairs with other women. Despite a marriage that produced two children, they split up because of his actions – and that includes his cheating and trouble with the law.
A year later, in 2005, their divorce was finalized and Belfort apparently regretted the way he treated his ex-wife. Nadine Caridi later married former New York entrepreneur and Wizard World CEO John Macaluso. Now she lives a happy, carefree life.
Jordan Belfort net worth is something that is talked about a lot considering his wealth over the years, his success and his crimes. Considering the time he spent in prison and the money he has to pay back to victims, you’d think he has next to no money to live a normal life.
Despite all this, it seems he still lives in luxury and has enough money to repay his many victims. He now works as a motivational speaker as he is no longer allowed to work in the financial security industry. So this is a great way for him to get his money back.
That being said, if you are wondering, “what is Jordan Belfort’s net worth?” then you should know that it is currently around $100 million as he travels the world and works as a motivational speaker. Not too “bad” after all he’s been through.
Jordan Belfort Net Worth FAQs
Jordan Belfort started making money at a young age, and judging by his book, he’s always been a fantastic salesman. Belfort started by selling meat and fish door-to-door. Apparently he would sell a lot, pretending to have traffic problems in affluent areas, and therefore offering his thawed meat and fish at a deep discount. However, when he started selling stocks, he became incredibly rich.
In 1998, Jordan Belfort and his associate were arrested for money laundering and securities fraud. The following year, he pleaded guilty to stock manipulation offenses and was sentenced to four years in prison in 2003, but served only 22 months.
Jordan Belfort is a famous American businessman who was born on July 9, 1962. Jordan Belfort has made a decent amount of money during his career. He is 1.88 m tall and weighs 87 kg compared to Jordan Belfort.
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