Jordan Belfort is the former stockbroker and convicted felon who inspired the film “The Wolf of Wall Street.” His net worth today is estimated to be around $100 million. Belfort was born in 1967, grew up in Long Island, New York, and became a stockbroker at 21. He founded his firm, Stratton Oakmont, in 1989 and will amass a personal net worth of over $100 million by 2022.
Belfort’s life as the Wolf of Wall Street began when he violated securities laws by selling unregistered stocks. And while he pleaded guilty to fraud charges and served 22 months in prison, Belfort has continued to live a lavish lifestyle thanks to his celebrity status. From supercars to extravagant real estate, find out how much money Jordan Belfort currently has in this article. Here’s everything you need to know about Jordan Belfort’s wealth, including his earnings and what he spent it all on. Let’s see how much money he has in his bank account.
What was Jordan Belfort highest net worth?
Jordan Belfort is a former stockbroker, entrepreneur, and author. His highest net worth was estimated to be around $2 billion. After college, he worked at his father’s brokerage firm until 1987, when he started his firm Stratton Oakmont. The firm was a broker-dealer that operated out of the same office building as Stratton Oakmont. But connected with customers directly through phone calls instead of brokers who would then relay information back to them over the phone.
Stratton Oakmont quickly became one of Wall Street’s most successful firms during this period due to Belfort’s aggressive sales tactics, including offering people free trips to exotic locations worldwide if they agreed.
Belfort became a celebrity after writing “The Wolf of Wall Street.” The memoir recounts his experiences as a stockbroker who made a fortune by selling penny stocks and using his knowledge of the markets to manipulate them for personal gain. It has been translated into 37 languages and has sold more than 3 million copies worldwide since its publication in 2003.
Jordan Belfort Net Worth
Jordan Belfort is a former stockbroker, entrepreneur, and author. His net worth today is estimated to be around -$100 million. In 2022, Forbes estimated Jordan Belfort’s net worth at $100 million. His earnings come from the movie adaptation of his book, The Wolf of Wall Street (2013). That year, Forbes reported that he made an estimated $50 million to $100 million a year from the movie and other projects.
In 1987, Jordan Belfort became an associate at Stratton Oakmont, a brokerage firm founded by his father. He served as vice president of sales from 1988 until 1990, when he resigned to go into business for himself.
In 1991, Jordan Belfort founded his brokerage firm called Stratton Oakmont. The company grew quickly; by 1996, it was one of the leading brokerage firms on Wall Street. It made over $140 million in commissions that year alone, and Jordan Belfort had become one of the wealthiest men on Wall Street. He later became known as “The Wolf of Wall Street” because of his extravagant lifestyle and spending habits (he owned a private jet).
In 1998, Jordan Belfort was arrested by federal agents on charges related to securities fraud. He pleaded guilty to securities fraud charges in 1999 and was sentenced to 20 months in prison but ended up serving only six months before being released early for good behavior.
Early Life
Belfort was born on July 9, 1962, in the Bronx, New York. He attended Pace University for three years and graduated with a degree in biology. Belfort worked as a trainee at the brokerage firm of L.F. Rothschild & Co., where he learned about penny stocks, which are low-priced stock that trades over the counter and is not listed on any major exchange.
Belfort also worked as an assistant to Madoff Securities broker Jerome Katz, one of his early mentors. In 1987, Belfort opened his firm called Stratton Oakmont. The company grew rapidly by selling penny stocks to its clients and its shares to the public through initial public offerings (IPOs). Stratton Oakmont’s clients included celebrities such as Sylvester Stallone and John F. Kennedy Jr., who invested $1 million in one of Stratton Oakmont’s IPOs and lost $400,000 when the stock subsequently collapsed.
In 1999, Belfort was indicted for securities fraud in connection with an investigation into widespread violation of security laws involving millions of dollars worth of penny stocks traded through Stratton Oakmont’s brokerage accounts without proper registration or authorization from their owners or issuers (see penny stock).
On April 26, 2002, Belfort was sentenced to four years in prison after pleading guilty to money laundering, mail fraud, and wire fraud. He also had to pay his victims $110 million in restitution (he used the proceeds from his crimes.
Jordan Belfort Career
Jordan Belfort was born on March 10, 1964, in New York City. He attended Boston University but dropped out before graduating to quickly pursue his dream of getting rich.
Belfort’s first job was working at a brokerage firm in New York City. He quickly rose through the ranks and became a trader, earning his nickname “The Wolf of Wall Street.”
In his memoir, Belfort describes how he would make millions by using a variety of scams. And tactics to get investors to buy shares in penny stocks with high hopes that they would rise in value. When these companies inevitably failed and ended up losing money for investors, Belfort pocketed the profits. He also writes about how he avoided getting caught by regulators while making money from other people’s misery.
What was Jordan Belfort worth most?
Jordan Belfort is a convicted felon. He was sentenced to 21 months in prison for his role in a Ponzi scheme that cost investors billions of dollars. He is now out on bail and working on his memoir.
Jordan claims that he made $200 million from his crimes. That makes him one of the most successful con men in history.
Belfort claims that he would have been able to save his family from poverty. Suppose he had chosen law school instead of becoming an investment banker. But many of his former colleagues say he was a highly manipulative liar. They took advantage of naive investors who wanted to make money quickly.
How much is Jordan Belfort worth right now?
Jordan Belfort’s worth right now is less than $100 million.
The man who inspired the film ‘The Wolf of Wall Street has had a rough year since his release from prison last November. His deal with Warner Bros. for a new movie fell apart in June. Federal prosecutors indicted him on December 12 on stock manipulation, money laundering, and drug trafficking charges. He pleaded not guilty to the charges and faced up to 20 years in prison if convicted.
Belfort rose to fame after writing books about his experience trading penny stocks on the floor of the NASDAQ in the 1990s and early 2000s. Eventually, making him one of Wall Street’s most notorious figures. He was arrested in 2003 for securities fraud and spent 23 months in prison. Before being released early for good behavior under a 2008 plea agreement.
However, he then began working as an expert financial commentator on CNBC before deciding to write his autobiography. It became a bestseller upon its release in 2010. The book portrayed him as a charismatic con man. He used big talk and flashy parties at strip clubs to lure investors into his schemes. In 2011, he started a lifestyle website called “The Motley Fool,” which was eventually taken down.
FAQs on Jordan Belfort Net Worth
How much does Jordan Belfort make a year now?
Jordan Belfort is a former stockbroker convicted of securities fraud and money laundering. He was sentenced to 25 years in prison but served only 23 months before being released on parole. In 2003, he published his memoirs, The Wolf of Wall Street, which sold over 10 million copies worldwide. Belfort has been active in the entertainment industry since his release from prison. And he has appeared in several television shows and films.
In 2022, Forbes estimated Jordan Belfort’s net worth at $100 million. His earnings come from the movie adaptation of his book, The Wolf of Wall Street (2013). That year, Forbes reported that he made an estimated $50 million to $100 million a year from the movie and other projects.
How much is Jordan Belfort worth right now?
Jordan Belfort’s worth right now is less than $100 million. The film adaptation of his best-selling book, “The Wolf of Wall Street,” has made him a millionaire many times. But he told Business Insider that he’s still not too proud to work as a consultant for financial firms like Morgan Stanley and Citibank. His consulting firm, Stratton Oakmont, is also the name of the brokerage firm where Belfort worked in the early 1990s.
Conclusion on Jordan Belfort Net Worth
Jordan Belfort’s net worth is estimated at around -$100 million. He has been accused of being a fraud and a con man, but his movie “Wolf of Wall Street” has made him more popular than ever in recent years.
However, the actor, known for his roles in movies like “The Wolf of Wall Street” and “Ticker,” has used his fortune to pay off his debts and give back to the community. He started the Jordan Belfort Foundation, which helps people with drug addictions and mental health issues, in 2011.
Belfort’s net worth was estimated at -$100 million in 2022 by Forbes Magazine. His name appeared on Forbes’ list of the 400 wealthiest Americans that year.
