Jordan Belfort Biography:
Entrepreneur, speaker, writer, ex-stockbroker, and financial felon Jordan Belfort is a citizen of the United States.
In relation to stock market manipulation and operating a boiler room as part of a penny stock scam, he entered a plea of guilty to fraud and related offences in 1999.
As part of a deal, Belfort was sentenced to 22 months in prison in exchange for testifying against numerous associates and employees who participated in his fraud operation.
Nicknamed “the Wolf of Wall Street,” In this blog post, Keep reading as we try to cover the biography, net worth and career of Jordan Belfort.
Jordan Belfort Personal Life:
Belfort was born to Jewish parents in the Bronx neighborhood of New York City in 1962. His mother Leah and father Max both worked as accountants. In Bayside, Queens, where he was raised.
Belfort and his close buddy Elliot Loewenstern made $20,000 between finishing high school and enrolling in college by selling Italian ice to tourists at a nearby beach from plastic coolers.
After finishing at American University, Belfort received a biology degree. Belfort enrolled at the University of Maryland School of Dentistry with the intention of paying for dental school using the money he made working with Loewenstern.
He claims that he departed after hearing these words from the school’s dean on his first day: “The peak of dentistry is gone. You’re in the wrong place if your only motivation for being here is to make a lot of money.”
Jordan Belfort Career:
On Long Island, New York, Belfort started his career as a door-to-door business selling meat and seafood. In interviews and his memoirs, he asserts that the venture was initially successful.
He says he expanded his meat-selling company to hire numerous people and sell 5,000 pounds (2,300 kg) of beef and fish every week.
The business ultimately failed, as he filed for bankruptcy at 25.
He claims that a family friend assisted him in landing a position at L.F. Rothschild as a trainee stockbroker in his memoirs and interviews.
Belfort claims he was fired as a result of the company’s financial struggles following the 1987 Black Monday stock market crisis.
At the moment, Belfort is a notorious public figure who published two autobiographies. The first, The Wolf of Wall Street, and the second, Way of the Wolf, the former of which was made into a successful movie.
Belfort operates a motivational speaking company and keeps making money off of his experiences.
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Jordan Belfort Net Worth:
Jordan Belfort’s current net worth is difficult to calculate with any degree of accuracy. According to some accounts, he is worth millions of dollars due to the popularity of his books and his work as a motivational speaker.
Sources like Wealthygorilla assessed his net worth to be -$100 million due to some of the controversies he has been associated with.
Jordan Belfort Biography Summary:
Full Name: Jordan Belfort
Date of Birth: 9th July 1962
Age: 60 years
Career: Author, Motivational Speaker
Jordan Belfort Net Worth: -$100 million
Marital Status: Divorcee
Jordan Belfort Social Media:
The Wolf of Wall Street’:
Using a “pump and dump” technique, Danny Porush and Belfort made a ton of money. His brokers pushed stocks on their gullible customers, which raised the prices of the stocks, and the business later sold off its own interests in these stocks at a healthy profit.
Belfort was awash with money and lived a lavish lifestyle. He lavished his money on a home, sports cars, and other pricey luxuries. He also developed a major drug addiction, with a preference for Quaaludes.
Due to his drug usage, Belfort was engaged in a number of incidents, including sinking his yacht which originally belonged to fashion designer Coco Chanel and crashing his helicopter into his own yard.