Jordan Belfort Net Worth 2019, Biography, Early Life, Education, Career and Net Worth
Jordan Belfort Net Worth – Jordan Joss Belfort is an American motivational speaker and author from Queens, New York. He is mostly known from his autobiography The Wolf of Wall Street. In 1999 he pleaded guilty to fraud and related crimes with stock-market manipulation and penny-stock scam.
Jordan Belfort’s net worth is estimated to be roughly $-100 million as of 2019, and he is currently traveling the world, working as a motivational speaker.
Jordan Belfort Net Worth 2019
Early Life, Family and Education:
Jordan Belfort was born in Queens, New York on the 9th of July, 1962. He was born to a Jewish family; his parents Max and Leah are both accountants. Belfort graduated from American University with a bachelor and degree in biology.
He decided to go to The University of Maryland School of Dentistry. After his first day, he left his college, after the dean of the school told him:
“The golden age of dentistry is over. If you’re here simply because you’re looking to make a lot of money, you’re in the wrong place.”
Belfort grew up in an apartment in Queens, where he already started his career as a salesman by selling seafood and meat.
He decided to put his selling skills into a different line of work, so he became a stockbroker in 1987. Belfort started his own firm, Stratton Oakmont in the 1990’s. He became infamous for his role of tricking millions of dollars from investors.
Jordan and his work partner Danny Porush washed in cash by using a “pump and dump” scheme. His brokers helped to inflate the stocks prices, and Stratton Oakmont would sell off its own holdings in these stocks at a useful earning.
Awash with cash, Belfort lived a luxury life. He bought expensive toys, sports cars, and a mansion.
He started to develop a serious drug habit. One reason why he was involved in several accidents like crashing his helicopter into his own yacht. What a life, hey?
His drug habit contributed to his second marriage. Belfort started to use a reckless behavior toward his workers. Horseplay, substance abuse, and sex were the norms in Stratton Oakmont’s offices.
Belfort was sentenced to four years in prison, and fined $110 million in 2003. He served 22 months in jail. One of his cellmates encouraged Belfort to write about his experiences. After his life in prison, he published his memoir The Wolf of Wall Street.
Short after his debut book, he published Catching The Wolf of Wall Street, which detailed his life after the prison.
Today Belfort is working as a motivational speaker around the world, talking about his way to the success. He operates his own company which provides market straight line training and sales training.
In an interview with the Daily Mail, he explained, “I’m a wolf who became a more benevolent character.”
As of 2019, Jordan Belfort’s net worth is roughly $-100 million, due to his criminal past, and the fines he has been given.