Jordan Belfort, or “The Wolf of Wall Street,” is one of the most well-known financial names in history. He made a fortune through unscrupulous methods and quickly became infamous for his money laundering schemes, penny stock scams, and outrageous lifestyle.
But what does Jordan Belfort’s net worth look like today? Is he still wealthy?
In this piece, we’ll explore just that – Jordan Belfort’s estimated net worth in 2023 as well as his investments and properties. Keep reading to learn more about his story: from early life to legal troubles to current endeavors.
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Jordan Belfort Net Worth 2023
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Who is Jordan Belfort?
Jordan Ross Belfort, famously known as the “Wolf of Wall Street,” is an iconic figure in American culture.
He made his fortune on Wall Street through illegal stock market manipulation and money laundering schemes. But despite all his past wrongdoings, in this blog we’ll take a look at how much he is worth in 2023, what assets and properties he owns, legal troubles he faced and more!
Early Life
Jordan Belfort was born in Queens, New York City to Jewish parents. After graduating from high school but before going to college, Jordan Belfort and his close friend Elliot Loewenstern made $20,000 selling Italian ice from styrofoam coolers.
He went on to graduate from American University in Washington DC with a degree in biology and later moved to Los Angeles where he attended dental school but soon dropped out to run a business.
Belfort became a door-to-door meat and seafood salesman on Long Island, New York. His meat-selling business did well initially but it ultimately failed, as he filed for bankruptcy at 25. Let’s take a look at some additional key facts.
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Jordan Belfort Family
Jordon Belfort has been married twice.
His Marriages
Jordan Belfort was a charismatic and ambitious entrepreneur who quickly rose to the top of his field. He has been married twice and divorced once in the past.
Jordan Belfort’s first wife was Denise Lombardo, an interior decorator he met in 1987 at a party in Long Island. Together they had two children: Carter Belfort and Chandler Belfort. They divorced when he was running Stratton Oakmont.
Later, Jordan tied the knot with a former model Nadine Caridi who he met at a party. The couple got married during a beach wedding ceremony on Maui Island in Hawaii and were together until 1998 when they parted ways due to complications caused by his reckless lifestyle.
His Children
Jordan Belfort has five children. His oldest son, Carter Belfort, was born in 1987 to his first wife Denise Lombardo.
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Wall Street Career
Jordan Belfort’s Wall Street career began when he took a trainee stockbroker’s position at L.F. Rothschild. He was fired when the firm experienced financial difficulties due to the Black Monday stock market crash of 1987.
Stratton Oakmont
In 1987, Belfort started Stratton Oakmont with partner Danny Porush. It was a Penny Stock brokerage house which quickly grew into one of the most successful firms of the Wall Street golden age by executing dubious financial scams. It earned them both immense wealth before their subsequent securities fraud activities were discovered by financial regulators.
Jordan became known as ‘The Wolf Of Wall Street’ for his extravagant lifestyle that included luxury cars and private jets funded by ill-gotten gains from unethical business practices. The firm ran a boiler room from where they manipulated penny stocks and used aggressive sales tactics to defraud investors out of millions of dollars.
The firm at one point had over 1,000 stock brokers and was involved in stock issues totaling more than $1 billion.
Legal Troubles
Stratton Oakmont was targeted by law enforcement officials for most of its existence and its notoriety inspired a 2000 film called Boiler Room. The National Association of Securities Dealers (now the Financial Industry Regulatory Authority) put it out of business in 1996.
Jordan Belfort was indicted for securities fraud and money laundering in 1999. He pleaded guilty to 10 counts of securities fraud and money laundering, resulting in a four-year prison sentence. He served 22 months of the four-year sentence in exchange for a plea deal with the FBI for running pump-and-dump scams that made investors lose close to $200 million.
Mr. Belfort was ordered to pay back $110.4 million. Jordan was also forced to forfeit the profits gained from the sale of the movie rights for The Wolf of Wall Street, which earned him $10 million when it released in 2013.
Belfort shared a cell with Tommy Chong, a famous Canadian comedian and actor, while serving his sentence. Chong encouraged him to write a book about his experiences as a stockbroker.
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Jordan Belfort’s Reform And Redemption
After being released from prison, Jordan Belfort’s life outlook had changed. He committed to reforming his life and making up for lost time. He found success in motivational speaking and writing books about his experiences on Wall Street. He became a popular motivational speaker, giving talks across the country. His book “The Wolf of Wall Street” was made into a successful movie starring Leonardo DiCaprio in 2013.
Belfort also developed an app called Straight Line Persuasion which teaches sales tactics he learned while working as a stockbroker at Stratton Oakmont. Along with this, he has taken part in offering wealth management services through his company Global Motivation Inc., which helps people identify financial goals and provides tools to achieve them. Other gurus known for motivational speeches are Tony Robbins, Robert Kiyosaki, and Grant Cardone.
Belfort also started a charity called the Phoenix Pledge which helps families struggling with drug addiction get back on their feet again by providing team-building activities. It also provides mentoring programs to help rebuild trust between family members and build healthy relationships with each other once more.
Belfort actively donates money towards organizations such as The National Alliance on Mental Illness (NAMI), United Way Worldwide, Doctors Without Borders USA and many others that aim to make the world a better place for everyone regardless of gender or race.
Jordan Belfort’s Net Worth 2023
Curious to know how is much the former stockbroker Jordan Belfort worth in 2023? Read on to find out more!
Estimated Net Worth In 2023
Jordan Belfort’s net worth is estimated to be around $50 million, according to reports.
The increase in his wealth can be attributed mostly to his highly successful speaking career and other business ventures since leaving prison. Belfort also recently released a book on success and publicly shares his story to serve as an example for aspiring entrepreneurs.
His success has made him one of the most popular motivational speakers in the world and he continues to rake in money from speaking engagements all over the globe.
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How Jordan Belfort Makes His Money
Jordan Belfort has earned most of his wealth from his career as a former Wall Street stockbroker and investor. He is also the author of several books, including “The Wolf of Wall Street” and “Catching The Wolf Of Wall Street”. His works have sold millions of copies worldwide, bringing in more income for him.
Belfort is also an entrepreneur with investments ranging from real estate to cryptocurrency. His portfolio includes businesses in multiple industries such as finance, technology, hospitality, entertainment and retail markets.
Belfort’s other sources of earnings are through speaker opportunities at events around the world where he shares his story and insights on financial success earning at least $50 thousand per engagement. Furthermore, he runs sales training programs and provides consulting services to companies across various industries.
Wolf Of Wall Street Movie
Jordan Belfort’s story was put onto the big screen with a movie starring Leonardo DiCaprio and Margot Robbie (2013).
Jordan Belfort’s Assets, Businesses & Real Estate
Jordan Belfort has invested in a number of businesses and real estate properties over the years.
He also became involved with a few other financial firms, both legitimate and illegitimate. Aside from his investments, Jordan owns several luxury cars as well as his own yacht which has been featured in multiple movies depicting the Wolf Of Wall Street.
He also owned various properties around Long Island where he grew up, including two homes with their own swimming pools overlooking the ocean.
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Luxury Cars
Jordan Belfort was known for his extravagant purchase of luxury cars. He purchased a Lamborghini, Porsche and Mercedes.
To this day he still drives some of the same sports cars he bought during the peak of his success in Wall Street. Jordan has an affinity for high performance cars and is well-known to have owned several different models over the years including Audi, Rolls Royce and Bentley. Despite being ordered to pay back millions in restitution he has refused to let go of these expensive vehicles which serve as a reminder of his former success on Wall Street.
Yacht & Private Jets
Jordan Belfort is no stranger to luxury and his yacht, Nadine – named after Jordon Belfort’s wife (at the time) Nadine Caridi was a testament to this. Jordon Belfort’s yacht cost him $100 million and featured amenities such as four VIP guest rooms, an office with fax machine, a fully stocked bar, spare bedrooms for crew members and much more. Did Jordan Belfort’s yacht sink? It did near the coast of France.
Belfort also owned private jets which he used for travelling purposes. He often flew in style not just within the United States but around the world too. In fact he acquired a Gulfstream IV aircraft when Stratton Oakmont was still active on Wall Street back in 1994 at an estimated price of around $30 million dollars.
Jordan Belfort’s Net Worth Then And Now
Jordan Belfort’s peak net worth was estimated to be around $200 million, while his current net worth is believed to be less than that.
Today his current net worth stands at around $50 million thanks to his various business ventures.
Conclusion
In conclusion, Jordan Belfort’s net worth in 2023 is estimated to be around $50 million. Though Belfort has faced legal troubles from his stock market manipulation and money laundering scandals, he has managed to redeem himself through motivational speaking and philanthropy.
Through hard work and dedication, Belfort was able to rebuild his success after a series of financial scams. His career as a former stockbroker helped him build an impressive portfolio of businesses and properties that have contributed significantly to his current net worth.
Before you leave
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David Fortune has been the editor NoBSIMReviews.com since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.