“Money is an excellent servant, but a bad master,” this proverb hasn’t been more applicable than in the case of Jordan Belfort. He is one of the world’s most famous businessmen who committed a lot of crimes and earned a lot of illegitimate money. He was later convicted because of this. The film ‘ The Wolf of Wall Street ‘ is a biopic of his life where A-lister Leonardo DiCaprio played in Hollywood. To know more about Jordan Belfort’s career, bio/wiki, Net worth, etc.; keep scrolling down.
|Date of Birth:||1962, July-9|
|Age:||56 years old|
|Birth Nation:||United States of America|
|Height:||5 Feet 7 Inch|
|Birth Name:||Jordan Ross Belfort|
|Nick Name:||The Wolf of Wall Street|
|Birth Place/City:||Queens, New York City, United States|
|Profession:||author, motivational speaker, and former stockbroker.|
|Net Worth:||$100 Million|
|Married:||Twice in the past|
|Movies:||The Wolf of Wall Street|
|Books:||The Wolf of Wall Street|
Who Is Jordan Belfort?
Jordan Ross Belfort, better known as Jordan Belfort is a former stockbroker of ‘Wall Street,’ a motivational speaker and an American author. A New York-born had a natural talent as a salesman at an early age.
Later, he worked as a stockbroker and gained millions of dollar illegally during the ’90s through his investment company ‘Stratton Oakmont.’
After found guilty of cheating investors, manipulating the stock market, and creating ‘penny stock scam,’ he was jailed for 22 months; however, he was sentenced for four years in prison and submitted testimony against all the partners and subordinates involved in the fraud schemes. After clearing all the punishment, he has changed his track and become a motivational speaker.
He being motivation others talking about the topics such as ethic but later focused on sales skills and entrepreneurship.
However, he mentions the importance of ethics in his speeches on and the role of it to run a successful business and also teaches how to avoid making mistakes that he made in his career as a broker.
Childhood & Early Life
Jordan Belfort was born in New York City on 9th July 1962. However, he grew up in Bayside, Queens. His parents are Max and Leah Belfort. Both his father and mother were professional accountants.
They belong to Jewish origin. Belfort after completing the high school attended Baltimore College of Dental Surgery. Although, he left the program in the middle and joined The American University from where he earned the degree in biology.
Earlier in the ’80s, Belfort used to run a seafood and meat business, but the company later closed down. Then in 1987, he started trading stocks.
That was the time when he used his sales expertise into a completely different field of business after working in a brokerage firm. There he learned the intricacies of working as a stockbroker.
And, He found his own investment company with a name ‘Stratton Oakmont.’ In just two years, Belfort and Danny Porush, his business partner became extremely rich. They were using an infamous strategy ‘Pump and Dump.’
According to their scheme, some unsuspecting clients helped the company to hike the price of the stocks. And by selling those overpriced stocks, the company made a considerable profit.
Then, the ‘Securities and Exchange Commission’ of the United States investigated the company ‘Stratton Oakmont’ in 1992 and as a result, found the company has been cheating the investors and manipulating stock prices. Just two years later Belfort was out of the brokerage firm.
As per the lawsuit against him, Belfort paid back $110.4 million of fraud money and spent his next 22 months in the cell where he met Tommy Chang, who is his close friend even after the released.
Chang was the one who motivated Belfort to paint his past experiences with a new colorful beginning. Belfort is also seen giving the credit to Chong for turning him into a successful motivational writer and speaker.
Till now in Jordan Belfort’s new career as a motivational speaker and writer, he has been highly acknowledged as one of the most exceptional motivational speakers. He has given several live seminars in Australia and around the globe offering a lecture on
Jordan has been widely acknowledged as one of the most exceptional motivational speakers with several live workshops in Australia that have been widely appreciated by his audiences. He will embark on a live world tour in 2015 and lecturing on motivational topics.
Know about the First wife of Jordan Belfort: Denise Lombardo: Education, Career, Husband, Net Worth
Meanwhile, he is also the consultant for over 50 public companies and has written for numbers of major newspapers and magazines such as ‘The New York Times,’ ‘The Los Angeles Times,’ ‘The Herald Tribune’ and ‘The London Times’ in newspapers. And in magazines like ‘Forbes,’ ‘Business Week,’ and many more.
Major Works Of Jordan Belfort
In 2008, Belfort published his biography with a title ‘The Wolf of Wall Street,’ the title of the book is his nickname.
The book unfolded all the detail accounts of his life at his time in the stock market, followed by his next memoir entitled ‘Catching the Wolf of Wall Street,’ depicting his life after the arrest.
After cheating hundreds of investors, Jordan Belfort became excessively costly and lived a lavish life, buying expensive sports cars and big mansions and getting all the things that money can buy being a ridiculously rich man. At that time, he was a massive drug addict and used mostly Quaalude.
In heavy drug dose, Belfort has done several crazy things such as crashed his helicopter in his yard and sank his luxury yacht. He was married to Denise Lombardo at the time of running his brokerage firm but later divorced. His second wife is Nadine Caridi.
Nadine Caridi is a model born in British and raised in Bay-Ridge Brooklyn. It is said that he met his second wife at the party. They together have two children. Belfort and Nadine are no more together.
They separated after she claimed to be the victim of domestic violence. Nadine further claimed Belfort’s behavior even became severe with the use of drugs and his affairs with other women.
The worldwide favorite movie “Wolf Of Wallstreet” is based on the famous biography of Jordan Belfort. Leonardo Di Caprio has played his character.
As of 2019, he has a net worth of $100 million according to different sources.