| Net Worth: | $3 Million |
|---|---|
| Age: | 59 |
| Born: | July 9, 1962 |
| Country of Origin: | United States |
| Source of Wealth: | Entrepreneur |
| Last Updated: | 2023 |
TABLE OF CONTENTS
INTRODUCTION
Jordan Ross Belfort is an American former stockbroker, motivational speaker, author, salesman, Entrepreneur, and the biggest scammer that Manhattan knew. His net worth for 2022 has increased because of his new business, Jordan Belfort today’s net worth is estimated to be around $3 million.
He is also known as the wolf of wall street because of his memoirs published in 2007 after he got out of prison, the memoirs have turned into a film starring Leonardo DiCaprio in 2013.
In 1989 Belfort founded “Stratton Oakmont” with his partner Danny Porush the company quickly became the largest OTC firm in the United States during the late 1980s and 1990. At this period Jordan Belfort’s net worth became $200 million because the company value was $400 million and he was the 50% owner of the company.
As of 2023, Jordan Belford continues his teaching and public speaking career. His Jordan Belfor platform helped him increase his net worth by selling online programs and courses.
EARLY LIFE
Jordan Ross Belfort was born on July 9, 1962, in the Bronx, New York City. He is the second child of his Jewish parents Leah Max Belfort. Jordan’s parents were working as an accountant and his life was always between numbers, economy, and benefits.
All Belfort’s childhood life was marked with the misery of his neighborhood, and the fear of the hard end of the month. His neighborhood Bronx at that time was one of the poorest neighborhoods in the city.
The neighborhoods in New York were controlled by gangs and drug trafficking, His parents wouldn’t let him grow in it, so they moved out to Bayside, Queens. Jordan always wanted to be rich and successful, at the age of 16 New York had a heatwave in summer, he saw the opportunity and began selling ice cream on the beach and the park near his home.
His business was doing good, Belfort hired his friends to work with him, with just some few tens of dollars Belfort grow his small business and got a profit of 20 thousand dollars and his net worth also grow with it, Jordan Belfort was a born businessman.
Belfort used this money to enroll at the University of Maryland School of Dentistry to please his mother. But nothing goes as planned the first day at the University the Dean had a speech that said the golden age of Dentistry is over. Jordan said “okay so what I’m doing here”, he gets up and leaves the room.
CAREER
The Young Salesman
In 1983 Jordan Belfort has 20 years old without any diploma, he started what he knows the best, buying and selling. Jordan join a company in new york as a salesman selling frozen steaks and seafood, he quickly became the best salesman in the company, so he started his own small business with his friend selling door-to-door frozen steak.
They started with a single truck and quickly they grow and bought 26 other trucks, the company was doing great. At the age of 21, Jordan bought his first Porsche in red. Later on, the bank forces the company to file for bankruptcy because Jordan doesn’t care about the law as much as money, he leaves unpaid invoices.
Stockbroker
A neighbor advises him to find a new job at wall street “the only place on earth that fits his ambitions” as he said in “the wolf of wall street” film. At the age of 25, Jordan applied for an internship at LSF Rothschild so he can become a stockbroker.
The next day Jordan entered the boiler room it was full of traders working with their phones. His first task was to connect between the buyers and the stockbrokers. Jordan has been always humiliated and insulted by his superiors but he ignored it.
In a couple of months, he got his trader diploma and was ready to be a real trader and stockbroker, suddenly the market has collapsed. It was the first time that the stocks lost 22% of their value.
LSF Rothschild went Bankrupt, Jordan has lost his job and he needs to restart all over again. Later that year he found another job as a broker in a small company far from Manhattan, the company was selling penny stocks. They encourage Naif customers to buy cheap stocks and they can profit a lot when the company goes public and explodes in a couple of months. The reality is that Jordan is the one who’s going to profit a lot.
The first month Jordan made 30 thousand dollars just as an employee, the second month made 70 thousand dollars in total the first year he made 500 grand this amount helped Jordan Belfort’s net worth go up again.
The foundation of Stratton Oakmont
At the age of 25 Jordan and his partner, Danny Porush founded a well-known company named “Stratton Oakmont”. The company sells small companies’ stocks. Jordan had a special idea that will make the companies make millions. By targeting the big boys, the wealthiest 1% of Americans that are capable of investing hundreds of thousands of dollars.
He convinced his old friends that knew nothing about finance to join him. The beginning was sluggish. Jordan improved his selling technique and made his own technique named it “straight line persuasion system” the concept was to anticipate customer responses and reply to them efficiently. The employees just needed to memorize the speech and they can be efficient.
In just one year, the company moved out to a new bigger office in 1979 Marcus avenue, where he reunited 1000 employees and made millions of dollars.
The location was picked far from wall street because the rent was cheap and they could hire people with less experience so they can be easy to teach and control. This year was also a peak in Jordan Belford’s net worth.
Jordan was selling the dream life to his employees. A life without a limit, the employees were following him without any questions. The employees were drug-addicted. Sometimes the drug dealer comes directly to the office to sell them drugs. They use drugs to be highly motivated and do the job faster.
The FBI and SEC were investigating Belfort. After two years of investigation, SEC finds enough pieces of evidence to make Jordan quit his position as the head of Stratton Oakmont and pay a 2 million dollar fine and return his trending license.
The only good news is that Belfort still has his 1 million dollar salary. Belfort starts sending cash to Suisse using the wife of his drug dealer that had a Switzerland nationality.
In 1998 Belfort was caught by the FBI for fraud and money laundering. He cooperated and admitted all the fraud and illegal activity he did. Jordan was sentenced to 4 years of prison and all of his assets were seized. Belford lost all his net worth. But the wolf of wall street career has not finished, she has just begun.
After getting out of prison Belfort started a new career, Motivational Speaking, and teaching. Belfort teaches people about marketing, sales, stocks, and his life story. Jordan wrote his biography named “the wolf of wall street”.
Leonardo Dicaprio and Martin Scorsese paid Belfort 1 million dollars to use it for their new movie “The wolf of wall street”. After the deal, Belfort’s net worth increased a lot.
Teaching career
After getting out of prison Belfort started his new teaching career, where he teaches people how to start their business and how to sell their products and services.
As of 2023 Belfort continues his online teaching program “Jordan Belfort Platform” for people who want to start learning how to sell, and for advanced people who want to master their sales skills. The program’s prices start from $300, which helps Belfort’s net worth go up on every purchase people make.
Public Speaking Career
Jordan Belfort is a master when it comes to public speaking, he teaches people how to use public speaking to their advantage so they market their businesses and sell their products or services.
Jordan Belfort Max Net Worth
Jordan Belfort had 50% of Stratton Oakmont Shares, in the last years of the company life she was worth $400 million, which means Belfort had over $200 million in his net worth.
Jordan Belfort at the Stratton Oakmont Christmas Party 1994.
PERSONAL LIFE
Jordan Belfort was married to two women, the first one is Denise Lombardo, they divorced. The second one is Nadine Caridi, a British model, and together they have two children, the couple was separated in 2015 following her claims of domestic violence. Now Jordan is in a relationship with Cristina Invernizzi, a model and Actress.
Nadine Jordan Belfort’s ex-wife
seven years of marriage was so toxic and tough, Belfort was drug-addicted he take large quantities of quaaludes, and then he switch it to cocaine to counter the quaaludes, after the switch, to cocaine she said “no more” and file for divorce.
Nadine said that therapy helped her after the divorce, because of that she started studying and got her Ph.D. in somatic psychotherapy. Nadine is very happy to help people get over their problems, and get paid for it.
Nadine is a married woman now her husband is John Macaluso, together they have four kids, Nadine said that they couldn’t be happier. Nadine is always in contact with Belford and they are friends now.
BOOKS
FAVORITE QUOTES
- The only thing standing between you and your goal is the bullshit story you keep telling yourself as to why you can’t achieve it.
- When you live your life by poor standards, you inflict damage on everyone who crosses your path, especially those you love
- There’s no nobility in poverty.
- Winners use words that say ‘must’ and ‘will’ Without action, the best intentions in the world are nothing more than that: intentions.
- Successful people are 100% convinced that they are masters of their own destiny , they’re not creatures of circumstance, they create circumstance, if the circumstances around them suck they change them.
- Without action, the best intentions in the world are nothing more than that: intentions.
- The easiest way to make money is -create something of such value that everybody wants and go out and give and create value, the money comes automatically.
SUMMARY
Jordan Belfort was the right person at the right time and with the right mindset and ambitions, he was the biggest scammer that Manhattan ever knew. He built an empire on lies and scams, but he was good at it. Many people have been hurt because of his actions. Whatever the case may be Jordan Belfort is a successful entrepreneur and a hard worker.
Belfort’s family life was a disaster; he was drug-addicted, her second wife Nadine Caridi said that he was tough and ferocious and he was abusing and beating her all the time. She said that one day he said to her “The only way you’ll leave me is in a body bag”.
Jordan Belfort had learned from his mistake, and he currently runs a teaching program on his platform “Jordan Belfort Platform” where he sells online courses and programs about sales, marketing , and business. As of 2023, Jordan Belfort’s net worth is estimated to be around $3 million.
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