Former American stockbroker, entrepreneur, author, and motivational speaker Jordan Belfort’s net worth is -$100 million.
Are you wondering how someone’s net worth can be negative? Keep on reading the article to find out!
Jordan was the CEO of Stratton Oakmont, a financial corporation that conducted pump-and-dump operations that stole millions of dollars from innocent victims between 1989 and 1996.
He pleaded guilty to fraud and associated offenses in connection with stock-market manipulation and a boiler room operation as part of a penny-stock scheme in 1999.
Belfort served 22 months in jail as part of a settlement where he testified against many of his fraud scheme’s partners and subordinates.
In 2007, Jordan published “The Wolf of Wall Street,” a memoir made into a film of the same name, released in 2013.
Similarly, “Boiler Room,” a 2000 film, was roughly based on Belfort and his former financial institution Stratton Oakmont.
Jordan Belfort | Quick Facts
Let’s look at quick facts to understand more about Jordan Belfort.
|Birth Name||Jordan Ross Belfort|
|Professional Name||Jordan Belfort|
|Nick Name||The Wolf of Wall Street|
|Birth Date||July 9, 1962|
|Age||61 Years Old|
|Birth Place||The Bronx, New York City, New York, USA|
|Residence||Beverly Hills, Los Angeles County, California, USA|
|Height||170 cm (5 feet 7 inches)|
|Weight||75 kg (165.5 lbs.)|
|Hair Color||Dark Brown|
|Profession||Entrepreneur, Speaker, Author, Former Stockbroker|
|Conviction(s)||Securities fraud, Money laundering|
|Father’s Name||Max Belfort|
|Mother’s Name||Leah Belfort|
|Criminal status||Released April 2006 after 22 months|
|Ethnicity||Ashkenazi Jewish descent|
|College||American University (BSc)|
|Criminal penalty||Two years in prison, one month in rehab, $110 million in restitution|
|Social Media||Twitter, Instagram, Facebook|
|Last Update||December 2023|
Jordan Belfort | Net Worth and Income
Multi-talented motivational speaker, author, and businessman Jordan Belfort’s net worth is negative $100 million.
Belfort was always interested in making money, even as a child. He and his friend Elliott Lowenstein started a company selling Italian ice to beachgoers while still in high school.
Their business idea netted them more than $20,000, which was a substantial sum. In today’s money, it would be worth $65,000.
But his real income began when he entered the world of stocks and shares.
Jordan made millions through the stock market. At one point, he earned $49 million in a single year.
He started his investment firm when he couldn’t find work at the big Wall Street firms.
Stratton Oakmont, Belfort’s investment firm, earned millions in the 1990s. He and his colleagues were rolling in the cash hand over fist within a few years.
Everything fell to pieces in 1997, when government investigations revealed the realities of what Stratton Oakmont was doing.
Belfort was found guilty, and he agreed to pay half of his earnings to his clients until the entire cost of $110 million was paid off as part of his punishment.
He was also ordered to repay $110 million of the $200 million which he stole from over 1,500 customers. Jordan has only repaid about $14 million of the $110 million.
Belfort has been accused of skipping his payments by the government on several occasions over the years. Belfort has stated that he has offered offers that the government has rejected.
Belfort is currently traveling the world and giving motivational speeches and training.
He speaks to companies on business practices and what he’s learned from his failures on his way to fame and fortune. For each speech, he charges between $35,000 and $70,000.
Likewise, he also conducts a sales training session where he teaches his method of selling. The sales seminar can cost between $80,000 and $100,000.
Similarly, Jordan has a YouTube channel, “The Wolf of Wall Street,” with more than 500K subscribers, earning decent money from the platform advertisement revenue.
According to Social Blade, he has an estimated yearly income of $2.3K to $36K from YouTube.
In addition, as a published writer, Belfort earns a huge check from royalties.
Moreover, Jordan also makes a fortune through his website, where he sells workshops, courses, and advice.
Jordan Belfort’s Net Worth in Different Currencies
Let’s look into Jordan Belfort’s net worth in different currencies, including the cryptocurrency Bitcoin.
|Pound Sterling||£ –76,569,680|
|Australian Dollar||A$ -135,226,500|
|Canadian Dollar||C$ -126,139,000|
|Indian Rupee||₹ -7,633,160,000|
Jordan Belfort | Houses, Cars, Yacht & Jet
As of December 2023, Jordan Belfort’s net worth is negative $100 million.
Jordan owned a huge mansion on Long Island, New York. There were five bedrooms, a garage, a big pool, and numerous entertainment spaces on the estate.
Belfort’s estate was seized by the federal government in 2001 and later auctioned to repay some of his victims.
The mansion has been sold multiple times and was listed for $3.4 million in 2017.
Similarly, the price was reduced to $2.89 million in August 2018.
Furthermore, Jordan currently lives in a rented property in Los Angeles, California.
Cars, & Yacht
Jordan was formerly the proud owner of a Ferrari Testarossa from 1991. However, he was obliged to sell the car to compensate the victims of the deception.
Similarly, Jordan owns a Mercedes-Benz AMG GT, which has a base price of $89,900.
Belfort was the last owner of the private yacht “Nadine,” built for Coco Chanel in 1961. “Caridi” was given a new name for the ship.
The yacht overturned off the coast of Sardinia in 1996, and all of the passengers and crew were rescued by special forces from the Italian Navy.
Jordan claimed that against his captain’s caution, he persisted in sailing out in severe weather, causing the ship to sink when waves crashed the flight deck hatch.
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Jordan Belfort | Lifestyle and Vacation
Jordan Belfort was born to Max and Leah, both with the profession of accountants. He grew up in Bayside, Queens, with a brother.
Jordan lived a luxury life and threw several parties throughout his time at Stratton.
He spent the money on a wild, unrestrained lifestyle that included boats, gorgeous women, narcotics, and increasingly criminal enterprises.
Jordan was also a recreational drug user, particularly methaqualone or quaaludes. In fact, he began to acquire a terrible drug addiction.
This was one of the reasons for his numerous accidents, such as slamming his chopper into his ship.
Belfort and his first wife, Denise Lombardo, divorced during his years at Stratton Oakmont. From 1985 to 1991, they were married.
In 1991, he wedded British-born model Nadine Caridi. They were introduced at a party. Chandler and Carter are their two children.
They divorced in 2005 after she charged him with domestic abuse (presumably drug-related).
Jordan began dating Anne Koppe in 1928. In 2015, they got engaged and married in 2021.
Previously, Belfort was a critic of cryptocurrency. After understanding more about virtual currency and seeing the price of cryptocurrencies soar, Jordan altered his view.
As a result, Belfort is currently involved with several bitcoin ventures.
Unfortunately, a hacker snatched $300,000 in virtual currency from Belfort’s bitcoin wallet in the fall of 2021. Talk about a big loss!
Jordan is currently living a good life being a mentor and guide to many clients. He lives a life of honesty, making good earnings through various endeavors.
Jordan Belfort has traveled all around the world. Belfort still visits many places for work and private vacations.
In 1991, Jordan organized a beach house party for his staff and friends.
Similarly, he has often been to Miami for private gatherings and parties.
Belfort’s lifestyle was filled with parties, jets, yachts, and fun during his peak years.
He still explores and visits different countries in his leisure time.
Jordan Belfort | Charity
Jordan Belfort has performed a few charities in his career.
In 2021, Jordan raised $422,000 for charity through an NFT auction.
Similarly, in 2014, he performed charity work in South Africa.
Moreover, Belfort’s non-profit work behind the scene is still kept secret.
Jordan Belfort | Movies, Book, Investment, and Endorsement
In 2013, Leonardo DiCaprio starred in a film based on Jordan Belfort’s books.
The movie was called “Wolf of Wall Street,” and it became a global success.
Terence Winter wrote the screenplay, while Martin Scorsese directed the movie.
Jordan Belfort has written a few books throughout his career.
After his release from prison, he wrote his first novel.
Random House gave him a $500,000 advance, and before the book’s release, a bidding war erupted for the film rights.
In 2017, Jordan published another book, “Way of the Wolf: Become a Master Closer with Straight Line Selling.”
Jordan Belfort has invested in a few businesses and companies to increase his wealth.
In 2008, Belfort established “Global Motivation, Inc.,” a public speaking firm.
He traveled roughly three weeks a month, talking about the necessity of corporate ethics and learning from failures.
Similarly, through his website JordanBelfortMembers.com, Belfort provides courses, books, and workshops.
One can enter the Wolfpack and receive specialized training and advice for a price.
Likewise, anyone can acquire courses and books from the website to master what Belfort refers to as his “Straight Line Sales System.”
Moreover, Jordan also sells merchandise and apparel through an online store.
Jordan Belfort’s net worth as of December 2023, is a negative $100 million.
Belfort has endorsed a few companies and brands in his career.
Jordan has endorsed the website “SavePlanetEarth.”
Similarly, Belfort takes around $50,000 to $100,000 for private events and programs.
Recently, he has been a supporter of cryptocurrencies and NFTs.
Jordan Belfort | Career
Jordan began his sales career by selling fish and meat. In 1987, he used his selling skills in a different field and became a stockbroker.
In the 1990s, Belfort founded his company, Stratton Oakmont. Jordan became well-known for defrauding investors out of millions of dollars.
He and his partner Danny Porush used a “pump and dump” plan to make money.
His brokers inflated the share prices, and Stratton Oakmont would dump off its stock holdings at a profit.
In 2003, Belfort received a four-year term and a $110 million fine. He was imprisoned for 22 months.
Moreover, Jordan is now working as a motivational speaker worldwide, sharing his story of triumph after he was released from prison.
Furthermore, Belfort has his own business, which offers straight market line and sales training.
Some Interesting Facts About Jordan Belfort
- Jordan once made love to his lady on a $3 million cash bed.
- Belfort is a tennis enthusiast.
- He once piled up a hotel bill of $700,000.
What did Jordan Belfort buy from Wall Street’s salary?
With his first Wall Street bonus, Jordan purchased a white Ferrari.
Why is Jordan Belfort’s net worth negative?
Jordan stole over $200 million from his clients throughout his deceptive period, which he is still repaying today. As a result, his net worth is minus $100 million.
Was Jordan Belfort really called by his renowned nickname?
Fans of the film will be disappointed to learn that Jordan Belfort was never referred to as “the Wolf of Wall Street” throughout his financial scamming days. Jordan assigned himself that nickname while imprisoned and writing his story.
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