Jordan Ross Belfort (born July 9, 1962) is a 59 years old American speaker, author, entrepreneur, and former stockbroker.
He is known for his investment scam schemes which he ran through his company, Straton Oakmont.
He pleaded guilty and was convicted in connection with money laundering and other financial-related crimes, for which he spent 22 months in prison.
In 2017, Jordan Belfort published the memoir, The Wolf of Wall Street, which was also the title of a 2013 movie inspired by his life story.
|Wiki Facts & About Data|
|Full Name:||Jordan Ross Belfort|
|Stage Name:||Jordan Belfort|
|Born:||9 July 1962 (age 59 years old)|
|Place of Birth:||Bronx, New York, United States|
|Parents:||Max Belfort, Leah Belfort|
|Children:||Carter Belfort, Chandler Belfort|
|Ex-Wife • Spouse:||Denise Lombardo (m. 1985–1991), Nadine Caridi (m. 1991–2005)|
|Occupation:||Businessman • Author|
|Net Worth:||-US$100 million|
Jordan Ross Belfort was born on 9 July 1962 in the Bronx borough of New York City.
He was born to Jewish parents, Max Belfort and Leah Belfort, who were also both accountants.
He was raised in Bayside, Queens, in an average family.
After completing his high school education, Jordan Belfort completed graduation with a degree in Biology from the American University.
Subsequently, he applied to study at the University of Maryland School of Dentistry but dropped out before finishing the course.
His quick decision to quit was kindled after the school dean said to him on his first day, “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. “
Jordan Belfort started off his sales journey when he earned up to $20,000 with his close childhood friend, Elliott Loewenstern, by selling Italian ice from styrofoam coolers to people at local beaches. He went further to operate a seafood and meat business in the 80s. When the company closed down due to bankruptcy, he started an apprentice job at the stock exchange market.
Due to his salesman experience, Jordan Belfort was able to adapt and learn the intricacies of the stock market and officially started selling stocks in 1987. Two years later, he opened his own investment company, Stratton Oakmont.
Unfortunately, Jordan Belfort and his partner Danny Porush became rich after using the infamous “Pump and Dump” method to defraud investors. The process involved inflating the price of stocks with artificiality and selling them off, leaving the original investors with nothing.
However, he was caught up with Nemesis as the United States Securities and Exchange commission probed his company in 1992, leading to his arrest, trial, and sentencing. He served four (4) years and then paid back $110.4 million to his victims, but he stayed in prison for only 22 months after agreeing to call out his accomplices.
While in prison, Jordan Belfort shared a cell with Tommy Chong, who advised him to pen down his experiences as a stockbroker. He later ventured into public speaking and motivational writing. His main topics include the Straight Line System, which is based on sales advice.
Jordan Belfort toured the world in 2014/2015 and served as a consultant to over 50 companies, thereby gaining his features in top newspapers like The New York Times, The London Times, and The Los Angeles Times. His writings have also been published in magazines like Forbes and Business Week.
In 2007, to implement Tommy Chong‘s advice, Jordan Belfort published a memoir, The Wolf of Wall Street. The book unravels his success and downfall in the world of finance. After that, he did a follow-up project, releasing Catching the Wolf of Wall Street, another memoir that explores his life after his arrest.
Jordan Belfort‘s scam schemes left him with a lot of money, giving rise to a lavish lifestyle. First, he bought sports cars, a mansion, and then his drug involvement, which left him with many accidents. He once crashed his helicopter in his own yard and also sank his luxury yacht.
Jordan Belfort was first married to Denise Lombardo, whom he divorced, and married Nadine Caridi, a British-born model who was raised in Bay Ridge, Brooklyn.
The couple met at a party and have two children, Carter Belfort, and Chandler Belfort. The marriage, however, came to an end as a result of an alleged case of domestic violence claimed by his wife. They formally separated in 2005.
Jordan Belfort is currently married to Cristina Invernizzi.
The infamous stockbroker turned motivational speaker, Jordan Belfort is a fan of the social media space. His posts range from motivational quotes to business advice, especially with the recent introduction of cryptocurrency.
His Instagram account @jordanbelfort has over 1.9m followers. He is also on Twitter @JordanBelfort and on Facebook @JordanBelforts. Additionally, Jordan Belfort‘s infamous tag Wolf of Wall Street is often displayed on his various social media accounts.
Despite his criminal records, the author has managed to create a life for himself as a motivational speaker and writer.
However, given his present career is not enough to pay his debts, Jordan Belfort‘s net worth is in the negative. His net worth has been reported to be a negative balance of -$100 million, which translates to mean he actually owes instead of owns that amount.