Are you looking for the real wolf of the ”The Wolf of Wall Street”? Well, some personalities are equally famous and mysterious. They are secretive on one side and profound on the other. Confused! Today, on our scan is Jordan Belfort, an American entrepreneur, author, speaker, former stockbroker, and financial criminal. If you are skeptical about Jordan Belfort’s net worth, family, career, and more, then you are on the right track.
The cryptic and enigmatic Jordan Belfort’s life has been full of rises and falls. Various allegations have been put against the cunning investor, Jordan. In 1999, he pleaded guilty to various scams in the stock market and went to prison for 22 months. As part of the agreement, he gave testimony against numerous partners and subordinates who were part of his fraud scheme.
In his memoir, The Wolf of Wall Street, which was published in 2007, he openly talked about his wrong choices and mistakes in life. What happened later, everyone knows! The book was adapted into a film featuring Leonardo DiCaprio, who played Jordan.
Jordan Belfort Biography and early life
Table of Contents
Jordan Ross Belfort was born to Jewish parents on July 9, 1962, in the Bronx borough of New York City. His father, Max and his mother Leah were accountants. He grew up in Bayside, Queens. Interestingly, after completing high school, Jordan and one of his close friends named, Elliot Loewenstern, earned $20,000 selling ice creams at a local beach.
Later, he attended American University for his graduation and obtained a degree in Biology. He enrolled in the University of Maryland School of Dentistry but left after one day. This happened because the Dean knew that Jordan was too ambitious and told him that he would not be able to make a huge amount of money in Dentistry.
Jordan Belfort’s net worth and career
- In his early career days, Jordan became a door-to-door meat and seafood salesman.
- Luckily, he grew his meat-selling business to employ many workers and became successful initially.
- Ultimately, the business failed, and he became bankrupt at 25.
- Thereafter, a family friend helped him get a trainee stockbroker job.
- Later, he got laid off as the stock market crashed in 1987.
- In the 1990s, Jordan started his own firm, Stratton Oakmont.
- Belfort and his work partner Danny Porush washed in cash using the ”pump and dump” scheme.
- His brokers helped inflate the stock prices, and Stratton Oakmont would sell off its holdings at a high price.
- At that point, his firm employed over one thousand stock brokers and was involved in stock issues totaling more than $1 billion.
- Belfort earned a lot during this career phase and led a luxurious life. Jordan Belfort’s net worth was very high at this time.
- His overly lavish lifestyle also led him to develop the habit of drugs, which negatively affected his personal life.
- Furthermore, his behavior became reckless and rude to his co-workers.
- The environment of his company was very unhealthy and immoral and this reflected the destiny of the company.
- Finally, Stratton Oakmont came under constant scrutiny from the NASD and later got expelled putting it out of business.
How did Jordan Belfort’s net worth decline?
- In the 1990s, Jordan Belfort’s net worth was approximately $200 million with his company Stratton Oakmont.
- In 1999, Belfort was indicted of money laundering and securities fraud.
- Later, in 2003, he was sentenced to imprisonment in Taft, California, for four years for pump-and-dump scams that led to investor losses of $200 million.
- Also, he was fined $110.4 million that he swindled from the stock buyers.
- Reportedly, Jordan has paid $14 million of the total fine.
- As of 2023, Jordan Melfort’s net worth is estimated to be -$100 million due to the criminal charges against him.
What is Jordan Melfort doing now?
- One of Jordan’s cellmates in prison encouraged him to write about his experiences.
- After almost two years of imprisonment, he published his memoir The Wolf of Wall Street.
- He received a $5,00,000 advance from Random House, and before its release, bidding wars began for its rights.
- Soon after his debut book, he wrote Catching The Wolf of Wall Street, based on his life after prison.
- Jordan is working as a motivational speaker and talks about the way to success.
- Besides, he owns a company that provides market straight-line and sales training.
- He is also an investor in several crypto-currency start-ups.
- At a motivational talk in Dubai, UAE, in 2014, Belfort accepted publicly that he got greedy. He said it is good to be ambitious and passionate, but greed is not good.
🎉 The CPA Club International forum in collaboration with SiGMA Group was a huge success! 🌟
The highlight of the event was none other than @wolfofwallst, the legendary Wolf of Wall Street, who shared his insights and experiences with attendees. 🐺📈#CPAClub #SiGMA #JordanB pic.twitter.com/y9xXgrxxAO
— SiGMA World (@SiGMAworld_) March 12, 2023
Jordan Belfort’s possessions, yacht, and house
When Jordan was at the peak of his career, his lifestyle was very luxurious. He owned a house that was worth $3.4 million. The mansion had five bedrooms, a garage, a large swimming pool, and many entertainment rooms.
Besides that, Jordan also owned a luxury yacht, Nadine, owned by Coco Channel in 1961 before he purchased it. He renamed the yacht after the name of his ex-wife Nadine Caridi. Unfortunately, in 1961, the yacht sank off on the east coast of Sardina.
He also purchased a kit-built expensive airplane that he used to keep on his yacht. As of now, Jordan has a few apartments, his bestselling memoirs, and novels as his assets.
- The Wolf of Wall Street (2007)
- Catching the Wolf of Wall Street (2009)
Way of the Wolf: Master the Art of Persuasion, Influence,- and Success (2017)
The film Wolf of Wall Street Awards and Nominations-
- Academy Awards USA (Best Actor in a lead role) in 2014
- BAFTA Awards (Best leading actor) in 2014
- Golden Globes (Best Motion Picture) in 2014
- MTV Movie and TV Awards (Movie of the Year) in 2014
Jordan Belfort’s wives and kids
Jordan’s first wife was Denise Lombardo, whom he divorced in 1991 while running Stratton Oakmont. Later, he married Nadine Caridi, a British-born, Brooklyn-raised model he met at a party. They had two children together. The daughter’s name is Chandler Belfort ( born on July 29, 1993), and the son is Carter Belfort (born on August 15, 1995).
But, in 2005 Jordan and Nadine divorced due to Nadine’s claims of domestic violence fuelled by Jordan’s drug addiction and infidelity.
In the film based on Jordan’s real life, The Wolf of Wall Street, the character Naomi is his second wife, Nadine Caridi.
Further, in 2008, Jordan Belfort married Anne Koppe and divorced in 2020. Currently, he is married to Cristina Innvernizi, whom he married in 2021.
Frequently Asked Questions
1. Who is the Wolf in ”The Wolf of Wall Street”?
Ans. The book and film are the autobiographies of Jordan Belfort, an American entrepreneur, author, speaker, and former stockbroker.
2. What is Jordan Belfort’s net worth?
Ans. As of 2023, Jordan Melfort’s net worth is estimated to be -$100 million due to the criminal charges against him.
3. How did Jordan get bankrupt?
Ans. His wrong investment choices and frauds through his firm, Stratton Oakmont, paved his way to bankruptcy.
4. When was Jordan Belfort’s net worth at its peak?
Ans. In the 1990s, Jordan Belfort’s net worth with his company Stratton Oakmont was approximately $200 million.
5. Who is the real-life Naomi?
Ans. Nadine Caridi, a British-born, Brooklyn-raised model who was Jordan’s second wife, is the real-life Naomi.
6. Who was Jordan’s first wife?
Ans. Denise Lombardo, whom Jordan met at Bayside High School and married in 1985, was Jordan’s first wife.
7. What is Belfort doing now?
Ans. Jordan is working as a motivational speaker and talks about the way to success. Besides, he owns a company that provides market straight-line and sales training.
Jordan Belfort’s story is commendable, and he takes pride in sharing it. And why not? With so many ups and downs, choices and mistakes, ambition, and hunger, he had it all! His transformation and journey from a fraudulent stocker to a motivational speaker were worth telling. In an interview, he said, ”I am a wolf who became a benevolent character”.