Jordan Belfort Net Worth

Jordan Belfort Net Worth
Jordan Belfort Net Worth

Jordan Belfort net worth

Current Net Worth$100 Million (USD – 10 Crores), (Rupees – 799 Crores)

Jordan Belfort short biography

Net Worth$100 Million
BornJuly 9, 1962 (Age – 60)
Identified asAmerican Entrepreneur, Speaker, Author, Former Stockbroker & Financial Criminal
StatusGood Entrepreneur
EducationAmerican University (BSc)
NationalityAmerican
ResidenceCalifornia, US State
Spousal status(Denise Lombardo M. 1985; Div. 1991), (Nadine Caridi M. 1991; div. 2005), (Anne Belfort M. 2008; Div. 2020), (Cristina Invernizzi M. 2021)
ChildrenN/A
Jordan Belfort short biography

Jordan Belfort has a net worth of $100 Million (Rupees – 799 Crores) and was an American Entrepreneur, Speaker, Author, Former Stockbroker & Financial Criminal, most known for his amazing entrepreneurship.

Jordan Ross Belfort is a former stockbroker and financial criminal from the United States.

In 1999, he pled guilty to stock-market manipulation and operating a boiler room as part of a penny-stock scheme.

Belfort was imprisoned for 22 months as part of a deal in which he testified against multiple partners and subordinates in his fraud scheme.

In 2007, he wrote his memoir The Wolf of Wall Street, which was made into a Martin Scorsese film of the same name, which was released in 2013, and starred Leonardo DiCaprio.

You may also like:

Jordan Belfort biography

Full NameJordan Ross Belfort
BirthplaceThe Bronx, New York, U.S.
Height5.7 feet, 170 cm
Weight75 Kg
FatherMax Belfort
MotherLeah Belfort
Jordan Belfort Biography

Belfort was born on July 9, 1962, in the New York City neighborhood of the Bronx to Jewish parents.

Max, his father, and Leah, his mother, were both accountants. He grew up in Bayside, Queens.

If you’re only hoping to make a lot of money, you’ve come to the wrong place.”

Jordan Belfort social media handles:

Education

Between graduating from high school and beginning college, Belfort and his boyhood buddy Elliot Loewenstern made $20,000 selling Italian ice from plastic coolers to visitors at a nearby beach.

Belfort went on to earn a biology degree from American University.

Belfort intended to use his earnings from Loewenstern to pay for dental school, so he enrolled at the University of Maryland School of Dentistry.

On his first day, the head of the school told him, “The golden era of dentistry is finished.”

Career

Belfort went door-to-door selling meat and fish on Long Island, New York. In interviews and in his memoirs, he states that the business was a success at first; he built his meat-selling firm to employ many individuals and sell 5,000 pounds (2,300 kilograms) of beef and fish every week.

Belfort launched Stratton Oakmont as a Stratton Securities franchise, then bought out the original proprietor. Stratton Oakmont operated as a boiler room, selling penny stocks and defrauding investors through “pump and dump” stock transactions.

Since 1989, Stratton Oakmont has been under regular surveillance by the National Association of Securities Dealers (now the Financial Industry Regulatory Authority). Finally, in December 1996, the NASD ejected Stratton Oakmont, thereby closing its doors.

Belfort completed 22 months of a four-year term in the Taft Correctional Institution in Taft, California, in return for a plea deal with the FBI for running pump-and-dump schemes that resulted in nearly $200 million in investor losses.

Restitution

Belfort’s restitution deal obliged him to pay 50% of his revenue to the 1,513 clients he cheated through 2009, with an additional $110 million in restitution ordered. The sale of seized properties accounted for approximately $10 million of the $110 million recovered by Belfort’s victims as of 2013.

Federal prosecutors filed a lawsuit against Belfort in October 2013. After his attorneys contended that he had only been accountable for paying 50% of his earnings to reparations up until 2009, and not since, the US government abandoned its request to put Belfort in default of his payments.

Prosecutors also stated that he fled to Australia to avoid taxes and conceal his assets from his victims, but then recanted their statement to The Wall Street Journal by issuing Belfort a formal apology and demanding that The Wall Street Journal issue a retraction.

Cryptocurrency

Previously, Belfort was a skeptic of cryptocurrencies. He previously referred to Bitcoin as “frickin’ craziness” and “mass hallucination.” Belfort altered his view after learning more about bitcoin and seeing its values increase. Despite the fact that “I could easily make $10 million,” Belfort has rebuffed offers to develop Wolf-themed N.F.T.s. Belfort has also stated that he is “very excited” about cryptocurrency regulation. Belfort is now involved with a number of bitcoin start-ups.

Jordan Belfort income model

Monthly Income8 Lakh+ (Rupees – 6.3 Crore+)
Yearly Income10 Million+ (Rupees – 79 Crore+)
Jordan Belfort income model

Private & early life

Belfort and his first wife Denise Lombardo split while operating Stratton Oakmont. He later married Nadine Caridi, a model from Bay Ridge, Brooklyn, whom he met at a party. He and she have two children. Belfort and Caridi eventually divorced after she accused him of physical abuse, which was exacerbated by his drug addiction and adultery. In 2005, they divorced.

Belfort was the last owner of the luxury yacht Nadine, which was built in 1961 for Coco Chanel. Caridi’s name was given to the boat. The yacht sunk off the east coast of Sardinia in June 1996, and frogmen from the Italian Navy’s special operations unit COMSUBIN rescued everyone on board. Belfort said that he insisted on going out in severe winds despite the advice of his skipper, which resulted in the vessel sinking when waves crushed the foredeck hatch.

A hacker stole $300,000 in digital tokens from Belfort’s bitcoin wallet in the fall of 2021.

Belfort enjoys playing tennis as well.

FAQ:

Leave a Reply

Previous Article
Lenskart

Lenskart Net Worth

Next Article
John Madden Net Worth

John Madden Net Worth

Related Posts