Jordan Belfort’s net worth in 2019 – Here’s how “The Wolf of Wall Street” Jordan Belfort amasses his net worth. Read on to discover Jordan Belfort’s Life, Career, net worth, and biography.
For fans of Wall Street, you will most likely remember the name Jordan Belfort as some referred to him as the Wolf of Wall Street as he made lots and lots of money from Wall Street.
Jordan Belfort is an entrepreneur, author and motivational speaker. Despite relative success, he confessed to perpetrating fraud with his company Stratton Oakmont which led to him been sentenced to prison for a period of 22 months.
He got released and wrote a book about his life and business on Wall Street which he named “The Wolf of Wall Street“.
|Net Worth||$-100 million|
|Profession||Author, motivational speaker|
|Date of Birth||July 9, 1962|
|Residence||The Bronx, California|
Born into a Jewish family on the 9th of July 1962 in the city of New York. Much information isn’t known of his parents. He grew up in Bayside, Queens. He went to high school and later to the University. Before starting his university education, Belfort exhibited a glimpse of his amazing sales talent as he made thousands of dollars from sales of ice cream. He obtained a bachelor degree in biology from the American University. He later furthered his education when he enrolled at University of Maryland School of Dentistry but soon left as he felt it was a waste of his time.
Belfort started his first business in New York an outfit was into sales of meat and fish. The business grew to the point of him employing workers and it sold tonnes of meat and fish weekly but it was soon struck by financial challenges and had to shut down. With the help of a friend, he secured a job as a broker at L.F. Rothschild but was sacked when the firm experienced financial difficulties.
With the growing frustration, Belfort started his firm Stratton Oakmont that was into the sales of stocks and securities. The company defrauded investors by selling them non-existing stocks which they had no knowledge of. With the proceeds from his business, he hosted lots of parties and became a drug addict.
His company expanded to the point of having close to a thousand workers and over $1 billion in false stock. Stratton became a top priority to Financial Industry Regulatory Authority who were suspicious of its activities but had no concrete evidence. In 1999, the Financial Industry Regulatory Authority was able to gather enough evidence that Stratton was into fraud and other illegal activities. This led to the closure of the firm and the persecution of Belfort.
Belfort surrendered himself and even made some confessions which led to him receiving a lighter sentence as he spent on 22 months in prison and he was asked to pay back $110 million to those he had defrauded. While in prison, his cellmate Tommy Chong encouraged him to put his life story in a book which Belfort did.
After leaving prison, Belfort became a motivational speaker and had his first presentation in Dubai, the United Arab Emirates in 2014.
He has gone on to write two books namely ‘The Wolf of Wall Street’ and ‘Catching the Wolf of Wall Street’.
How did he amass such wealth?
He is yet to pay up his debts having just paid $11.6 million and currently he is worth a negative $100 million.
Most of his earnings come from his newfound carrier as a motivational speaker which he charges between $30000-$80000 per each seminar.
He also made lots of money from sales of his book which sold millions of copies. The book was later turned into a movie which generated him some revenue. A large percentage of his income goes towards repaying his debts.
Most of his houses have been confiscated by the government to repay his debt but he currently stays in a simple apartment in California.
Without action, the best intentions in the world are nothing more than that: intentions. – Jordan Belfort
No matter what happened to you in your past, you are not your past, you are the resources and the capabilities you glean from it. And that is the basis for all change. – Jordan Belfort
Playing it safe and taking no risk is a shortcut to poverty. – Jordan Belfort
The easiest way to make money is to create something of value that everyone wants then go out and create and give value, the money comes automatically. – Jordan Belfort
“ Act as if! Act as if you’re a wealthy man, rich already, and then you’ll surely become rich- Act as if you have unmatched confidence and then people will surely have confidence in you- Act as if you have unmatched experience and then people will follow your advice. And act as if you are already a tremendous success, and as sure as I stand here today – you will become successful.” ― Jordan Belfort,