Jordan Belfort’s life is no less than a tumultuous legend with chapters of inspiring ambitions, greed, morality, and evil aspirations. He was found guilty of a big-time stock market scam and a penny stock scam. As a result, whatever he earned majorly accounts for his Black money, for which he was convicted to jail as well. Here we are about to discuss in brief the account of Jordan Belfort’s Net Worth.
Who is Jordan Belfort?
| Full Name | Jordan Ross Belfort |
| Professional Name | Jordan Belfort |
| Date of Birth | 9 July 1962 |
| Birthplace | The Bronx, New York, United States |
| Age | 61 years old |
| Nationality | American |
| Ethnicity | Jewish |
| Gender | Male |
| Sexuality | Straight |
| Religion | Jewish |
| Zodiac Sign | Aries |
| Marital Status | Married |
Spouse | Denis Lombardo (1985-1991) |
| Nadine Caridi (1991-2005) | |
| Cristina Invernizzi (2021-present) | |
| Height | 5 Feet 5 Inches |
| Weight | 67 Kg |
| Professions | Motivational speaker, Entrepreneur, Author, Former Stock Broker |
| Net Worth | Negative $100 million |
Also known as the wolf of Wall Street, Jordan Belfort is a finance figure who is known for his scandalous and mysterious personality. Born on 9 July 1962 in The Bronx, New York City, he was raised in a Jewish family of accountants. His fame mostly rests on his autobiographical movie “The Wolf Of Wall Street” by Martin Scorsese. His reputation is mostly as a conman because of the wrongdoings he committed.
Another popular phase in his life was his divorce from his first wife, Denise Lombardo, during his drug addiction period and his second marriage with British model Nadine Caridi, who divorced him with allegations of domestic violence.
What is Jordan Belfort’s Net Worth?
On analyzing his assets, liabilities, and legal duties, surprisingly, the estimated figures of his net worth are negative. His net worth in 2024 is -$100 million because of the huge pending court penalties and reparation payments.
He was known for his high-pressure sales tactics with his boiler room crew. He operated on a big amount, like $1 billion, by defrauding investors. The book “The Wolf of Wall Street” is an account of all his escapades. He received $500,000 in advance and $940,500 as an amount in exchange for film rights for his memoir, which has details of his unethical financial journey.
Why Belfort’s Net Worth is Negative?
The former stock broker’s net worth is negative due to his involvement in fraudulent activities, particularly pump-and-pump schemes conducted through his financial firm. He is accused of defrauding victims of hundreds of millions of dollars, leading to his indicement for money laundering in 1999.
Career
Initial Days of His Career
Doors to money opened for him at a young age through selling Italian ice from styrofoam coolers at a local beach during summer school break with his friend. Growing up in Bayside, Queens, he was early exposed to the business. His hunger to become rich made him discard the idea of becoming a dentist and selling meat and fish on Long Island.
He started his career working in an investment bank L.F, Rothschild, where he lost his job during some stock management crises. With gaining some interest, expertise, and skills in penny stocks from his second job, Jordan laid the foundation of Stratton Oakmont.
Making use of the Pump and Dump scheme, Jordan made a lot of money for which he was later jailed, and he received advice from one of his cellmates to pen down his experiences.
Tragic Later Half
He breached his investors and committed some of the major business scams. He was found guilty of profiting from his white-collar crimes in 1999 and was sentenced to four years in jail but was released after serving 22 months.
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Award and Nominations
Belfort was awarded a Golden Globe Award for his appearance in his biopic The Wolf of Wall Street. He was honored by the Harvard Business School National Centre for Employee Ownership (NCEO) with Excellence in Financial Services Award in 2001.
Several TV shows and magazines, such as The Oprah Winfrey Show and The Diane Rehm Show, have invited him to express his financial opinions.
His Oscar-winning autobiography gained him recognition worldwide.
His Investments
Belfort’s investment portfolio consists of real estate, NFTs, cryptocurrencies, endorsements, and startups. He is investing in Bitcoins, which he criticized at first, and owns some legitimate startups as well. He had a thing for games and thus had invested in a blockchain technology-based game OneTo11.
Jordan Belfort’s Philanthropic Side
After escaping from prison, he resolved to motivational speaking. Belfort’s speech and writing influenced people worldwide. In 2021, he raised a charity via an NFT auction and made $422,000. He is now known as a reformed fraudster.
Frequently Asked Questions
1. How much is Jordan Belfort’s Net worth Right Now?
Belfort’s net worth is -$100 as of 2024.
2. Is Jordan Belfort Still a Millionaire?
No, he is now a sales trainer and motivational speaker with a loan of more than $5 million on him.
3. How was The Wolf of Wall Street illegal?
Jordan Belfort, also known as The Wolf of Wall Street, engaged himself in money laundering, securities fraud, and debauchery.
Wrapping Up
That’s all we got regarding Jordan Belfort’s net worth.
The Wolf of Wall Street excess has been a notable part of the former stockbroker’s life, and he owes a significant part of his notoriety to it. His cunningness and opportunistic behavior made him lose a lot in life, including his wife. His meteoric rise and tragic fall are both consequences of his demeanor of taking risks.
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