The estimated net worth of Jordan Belfort is $100 to $134 million.
He is one of the most infamous men ever to grace Wall Street, earning the title "The Wolf of Wall Street" due to his unethical sales practices from his days at the helm of his company Stratton Oakmont.
Belfort's net worth bounced back despite claiming bankruptcy to escape his debts and a prison sentence.
Overview
Jordan Belfort's net worth stats
| Net worth: | $100-134 million |
|---|---|
| Source of wealth: | Investing, sales |
| Date of birth: | July 9, 1962 |
| Place of birth: | Bronx, New York |
Early life
Born in the Bronx, New York, on July 9, 1962, Jordan Ross Belfort is the son of Jewish parents and spent his youth growing up in Queens, New York. While he was a teen, Jordan started selling ice creams and puka shell necklaces on the beach to earn money.
He held down several sales jobs in his early years, including working for a meat company, where he set the company sales record in the first week of starting there.
Education
Belfort graduated high school, moving 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 saying dentists will never be rich.
Belfort eventually graduated college with a degree in biology from the American University.
How did Jordan Belfort build his net worth?
Jordan studied to be a stockbroker with the legendary Rothschild firm in New York City. However, his first day as a licensed stockbroker was on Black Monday, October 19, 1987. With the company closing its doors, Jordan sold "pink sheet" stocks in the OTC market for The Investors Center.
Jordan's superior selling skills took him to the top of the company's sales board, earning him around $70,000 per month. However, he sought more from his career, starting his firm, Stratton Oakmont, with his partner Danny Roush.
During his time at the helm of Stratton, Jordan lived a life of excess. He was notorious for creating the "Straight Line Persuasion" sales system, using it to train his team into a squad of "killers." However, Jordan was an unethical broker, landing in trouble with the SEC for countless violations.
He eventually ended up in prison, where his cellmate, Tommy Chong from the Cheech and Chong movies, convinced Jordan to write a book about his life experience.
Legendary film director Martin Scorsese bought the film rights to the book from Jordan, producing the movie The Wolf of Wall Street, starring Leo DiCaprio as Jordan, Margot Robbie as Jordan's wife, and Jonah Hill as Donnie.
Jordan Belfort wrote two more books, Catching the Wolf of Wall Street and The Way of the Wolf.
Today, Jordan runs a popular podcast on YouTube. He is also a motivational speaker and — unsurprisingly — a sales trainer compared with the likes of Grant Cardone.
How has Jordan Belfort spent his money?
Jordan Belfort has two luxury mansions: one in Manhattan Beach and another one in New York. He also owns a beach house in California.
Belfort’s car collection includes an Audi, a Ferrari, a Lamborghini, and a couple of Mercedes models.
He has two children with his second ex-wife Nadine Caridi who divorced him due to his infidelity and drug addiction.
Apart from his frequent use of recreational drugs, Jordan also threw lavish parties during his heyday in Wall Street. He had a helicopter that he himself crashed into his yacht while under the influence of whatever drug he was on at the time.
Belfort paid $110 million as restitution for money laundering and securities fraud, charges he was proven guilty of.
He is now an active investor in startups, cryptocurrency, and NFTs. It was reported that a hacker stole $300,000 from Belfort’s cryptocurrency wallet in 2021.
Jordan has donated thousands of dollars to the Republican Party, though he claims to be a liberal.
FAQs
How rich is Jordan Belfort?
Due to his lawsuits with the SEC, Jordan Belfort does not disclose his net worth. Some sources say he has a negative net worth, while others claim his net worth is $100 to $134 million.
But the reality is that he may be using shell companies and corporations to keep his money away from his creditors.
Is Jordan Belfort a millionaire?
He used to be very wealthy at the height of being The Wolf of Wall Street, then got into debt after his conviction. Based on current sources, Jordan Belfort is a millionaire again, with a net worth estimated to be anything from $100 to $134 million.
Was Jordan Belfort born rich?
Jordan Belfort was not born into wealth. He was born in the Bronx and grew up in Queens, which are not the wealthiest regions in New York.
Image: YouTube
