Known as “The Wolf of Wall Street,” he is among the most notorious individuals to have ever set foot on Wall Street because of his illegal sales tactics while leading Stratton Oakmont. Despite declaring bankruptcy to avoid paying his debts and serving time in prison, Belfort’s wealth increased. Read the full post below.
Jordan Belfort Net Worth
He is currently worth $100 million and works as a motivational speaker. Belfort’s decision to leave dentistry to work on Wall Street is also a potent reminder that we shouldn’t always follow our first instincts.
People change and their goals evolve, so occasionally something that once seemed like a passion fades in the face of new experiences. Belfort discovered that the tranquil concentration of dentistry was less appealing than the fast-paced world of markets and banking.
Like many of us, he had to navigate the challenging maze of ambition, self-discovery, and circumstance.
How Has Jordan Belfort Spent His Money?
Two opulent residences, one in Manhattan Beach and the other in New York, belong to Jordan Belfort. He also has a California beach property. A few Mercedes models, an Audi, a Ferrari, and a Lamborghini are among Belfort’s collection of automobiles.
Due to his drug addiction and adultery, his second ex-wife Nadine Caridi filed for divorce. Together, they had two children. During his prime on Wall Street, Jordan threw extravagant parties in addition to using narcotics recreationally frequently.
When he was using whatever substance he was on at the time, he had a helicopter that crashed into his boat. Following his conviction on charges of money laundering and securities fraud, Belfort made reparation payments totaling $110 million.
These days, he actively invests in NFTs, bitcoin, and startups. According to reports, in 2021, a hacker took $300,000 from Belfort’s cryptocurrency wallet. Despite Jordan’s liberal beliefs, he has made thousands of dollars in donations to the Republican Party.
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Jordan Belfort Early life
Jordan Ross Belfort was born on July 9, 1962, in the Bronx, New York. His parents are Jewish, and he grew up in Queens, New York. Jordan began making money on the beach as a teenager by peddling ice cream and puka shell jewelry.
In his early years, he worked in sales at many companies. One of them was a meat company, where he set a company record for sales in his first week of employment.
Jordan Belfort Education
After completing his high school education, Belfort enrolled in the University of Maryland’s dental program. But on the first day of classes, he fled during orientation when the professor made a statement stating that dentists would never be wealthy. In the end, Belfort received a biology degree from the American University.
How Did Jordan Belfort Build His Net Worth?
Jordan trained as a stockbroker in New York City at the storied Rothschild firm. However, Black Monday, October 19, 1987, was his first day of practice as a professional stockbroker. Jordan sold “pink sheet” stocks for The Investors Center in the over-the-counter market when the company closed.
Jordan earned almost $70,000 a month at the top of the company’s sales board thanks to his exceptional selling abilities. But he wanted more out of his career, so he and partner Danny Roush founded Stratton Oakmont.
While leading Stratton, Jordan had an extravagant lifestyle. He gained notoriety for developing the “Straight Line Persuasion” sales technique and putting it to use in molding his group into a group of mercenaries. Jordan, however, was a dishonest broker who frequently violated SEC regulations.
Jordan finally found himself behind bars, where Tommy Chong from the Cheech and Chong films befriended him and persuaded him to pen a book on his experiences. See the tweet for more details:
Jordan Belfort “The Wolf of Wall Street” hit a $2,000,000,000 net worth at the peak of his career.
I spent 7 hours analyzing his sales content and turned it into a 6-step guide you can steal.
FREE for the next 24 hours.
Like + Reply “WOLF” and I’ll DM it.
(Must be following) pic.twitter.com/J0tbM7ZDac
— Mike Bolton (@WordsToDollars) April 22, 2023
Jordan sold the film rights to renowned director Martin Scorsese, who used them to produce The Wolf of Wall Street, which starred Leo DiCaprio as Jordan, Maggie Robbie as Jordan’s wife, and Jonah Hill as Donnie.
Jordan Belfort authored two additional books titled “The Way of the Wolf” and “Catching the Wolf of Wall Street.” Jordan hosts a well-liked YouTube program these days. In addition, he is a sales trainer, which should come as no surprise given his background with people like Grant Cardone.
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