Jordan Belfort Net Worth (Money & Salary)

Jordan Belfort Net Worth (Money & Salary)

Title: Jordan Belfort Net Worth (Money & Salary)
Last Updated: February 4, 2025


What is Jordan Belfort’s Net Worth

Jordan Belfort, known as “the wolf of Wall Street,” is a former American stockbroker, convicted felon, and author currently facing a net worth of negative $100 million. It’s important to note that during his time in finance, he was never referred to by this nickname on Wall Street; he adopted it while writing his memoir from prison.

From 1989 to 1996, Jordan operated the financial firm Stratton Oakmont, which orchestrated pump-and-dump schemes leading to the defrauding of hundreds of millions from thousands of unsuspecting victims. In 1999, both he and his co-founder Danny Porush were indicted for securities fraud and money laundering, to which they both pleaded guilty. Their sentences were lightened due to their cooperation with authorities.

The 2013 film “The Wolf of Wall Street,” featuring Leonardo DiCaprio and directed by Martin Scorsese, depicted Jordan’s life, albeit loosely. One could argue that the filmmakers engaged in unethical practices by solidifying and glorifying Belfort’s notoriety. Furthermore, the film did not accurately represent the devastation their actions wreaked on the actual victims, many of whom were ordinary individuals unable to absorb such financial losses. To exacerbate matters, Jordan made a cameo appearance at the movie’s conclusion, enhancing his celebrity status and enabling him to launch a career as a motivational speaker. In contrast, the film “Boiler Room,” which was also loosely inspired by Belfort and Stratton Oakmont, does a more just job of conveying the consequences of financial fraud on its victims.

Restitution

Over his fraudulent reign, Jordan stole approximately $200 million from 1,513 victims. During his sentencing in 2003, he was mandated to repay $110 million as restitution and was given a four-year prison sentence. This term was shortened because he served as an FBI informant and wore a wire to gather incriminating evidence against many of his former partners and associates. Ultimately, he served 22 months and was released in April 2008.

The original restitution agreement required him to pay 50% of his gross income to his 1,513 victims. Between 2007 and 2009, he made a total payment of $700,000 toward this obligation, with no payments made in 2010.

In 2011, Jordan sold the film rights of his two memoirs to Red Granite Pictures for $1.045 million, receiving $940,500 upfront, with an additional $250,000 expected in 2012. According to his restitution terms, he was obligated to pay approximately $500,000 to his victims in 2011, but he only contributed $21,000 that year. In 2012, the US government pressured Red Granite to remit $125,000 (half of his $250k payment) directly to it, bringing his total payment for that year to $158,000.

In 2013, the United States government revised his restitution plan, changing it from 50% of his gross income to a minimum monthly payment of $10,000 for life.

As of now, Jordan has repaid only about $13-14 million of his restitution, with the majority (approximately $11 million) coming from the sale of property forfeited during sentencing. Consequently, he still owes around $100 million to his victims.

In 2018, prosecutors brought Jordan back to court concerning the nearly $9 million he earned in speaking fees between 2013 and 2015, alleging he failed to allocate any of this income towards restitution.

Jordan Belfort 1

(Photo by David Howells/Corbis via Getty Images)

Invented “Wolf of Wall Street” Nickname

The film from 203 is loosely inspired by Jordan’s memoir, published in 2007, which shares the same name “The Wolf of Wall Street.” Given the titles of both the book and movie, along with Jordan’s frequent mention of the nickname in interviews and articles, one might think Jordan was often referred to as “the wolf of Wall Street” during his finance career. This is largely FALSE. In reality, Jordan Belfort was never actually known as “the Wolf of Wall Street” during his time involved in financial scams.

So, where did this nickname originate? In fact, Jordan self-gave this nickname while he was writing his memoir from prison. Reports indicate that his cellmate, Tommy Chong, famous from Cheech and Chong, was the one who inspired him to pen a memoir.

In the movie, produced using funds embezzled by fugitive Jho Low from the Malaysian government, the “wolf of Wall Street” nickname is depicted as if it was assigned by a Forbes writer in a 1991 cover story. This is inaccurate. The original Forbes article was entitled, “Steaks, Stocks – What’s the Difference?” referencing Jordan’s earlier career selling steaks and seafood door-to-door before becoming a stockbroker on Long Island. The article later described him as a “twisted Robin Hood who takes from the rich and gives to himself and his merry band of brokers.” Additionally, his business strategy was characterized as “pushing dicey stocks on gullible investors.” Nowhere in the article is he called a “wolf.”

Key Facts
  • Purchased a white Ferrari with his initial Wall Street bonus
  • Capsized a 167-foot yacht during a storm in the Mediterranean
  • Previously incurred a hotel bill of $700,000
  • Once had intimate relations with his wife on a bed made of $3 million cash
  • Achieved $50 million profit in a single year at his peak
  • Prosecutors later claimed his financial frauds cost investors $200 million
  • Was mandated to repay $110 million in restitution
  • Has returned $13 million of the restitution amount
  • Charges between $30,000 to $70,000 for speaking events
Jordan BelfortJordan Belfort

Michael Loccisano/Getty Images

Early Life

Born on July 9, 1962, in The Bronx, New York, Jordan Ross Belfort grew up in a Jewish family in Bayside, Queens. During the summer between high school and college, he and a close friend earned $20,000 by selling Italian ice from coolers on the beach. Jordan graduated from American University with a degree in biology before enrolling in the University of Maryland School of Dentistry. However, he left after

It was the first day of classes when a faculty member remarked that becoming a dentist wasn’t a pathway to wealth.

Career

Belfort began his career selling meat and seafood door-to-door on Long Island, New York. His initial one-man operation evolved into a business that employed numerous people and sold 5,000 pounds of meat and fish weekly. At the age of 25, he declared bankruptcy and secured a position as a stockbroker trainee at L.F. Rothschild. Reportedly, Belfort’s first supervisor revealed that the secrets to success included masturbation, cocaine, and hookers. Subsequently, he lost his job at this firm following the stock market crash known as Black Monday in 1987. Nevertheless, Belfort remained captivated by the prospect of earning the kind of money common among senior stockbrokers. In the late 1980s, he joined various financial firms, absorbing as much knowledge as possible. He honed his sales pitch and made the decision to launch his own firm in 1989.

By the early 1990s, Belfort established Stratton Oakmont, the firm specializing in marketing penny stocks in a boiler room environment. He employed a pump-and-dump scheme to swindle his investors. At the peak of Stratton Oakmont’s success, more than 1,000 stockbrokers were on the payroll, with over $1 billion in assets under management. However, the National Association of Securities Dealers began investigating Belfort and his firm, scrutinizing their transactions closely. In December 1996, Stratton Oakmont was expelled from the association, leading to the firm’s closure.

Belfort was said to have laundered his funds in Swiss banks, with the assistance of his mother-in-law and his wife’s aunt in smuggling the money to Switzerland. During his time at Stratton Oakmont, he allegedly hosted extravagant parties that included midget-tossing contests.

Jordan Belfort Net WorthJordan Belfort Net Worth

(VAN LONKHUIJSEN/AFP via Getty Images)

Motivational Speaking Career

After serving his prison term, Belfort transformed into a motivational speaker. He launched a company named Global Motivation, Inc., dedicating around three weeks each month to delivering talks on the significance of ethics in business and learning from one’s failures. For example, in the 1990s, he justified breaking financial regulations because he observed so many others doing the same. Engaging Belfort for a speaking event ranges from $30,000 to $75,000, while a sales seminar costs upwards of $80,000. His speeches haven’t received the best feedback, with some reviewers criticizing his anecdotes about disregarding financial regulations in the 1990s.

Writing Career

Belfort authored the memoirs “The Wolf of Wall Street” and “Catching the Wolf of Wall Street,” which have been published in around 40 countries and translated into 18 languages. “The Wolf of Wall Street” was adapted into a film featuring Leonardo DiCaprio, Jonah Hill, and Margot Robbie, directed by Martin Scorsese. Additionally, he penned “Way of the Wolf: Become a Master Closer with Straight Line Selling,” released in 2017.

Personal Life

Throughout his tenure at Stratton, Belfort enjoyed a lavish lifestyle.

and hosted frequent parties. Additionally, he indulged in recreational drugs, particularly methaqualone or quaaludes. His former head of security, Bo Dietl, shared in an interview that he never witnessed Belfort sober throughout his employment and disclosed that Belfort had significant connections to the Mob.

During his tenure at Stratton Oakmont, Belfort divorced his first wife, Denise Lombardo, after being married from 1985 to 1991. In 1991, he married British-born model Nadine Caridi, whom he met at a party. Together, they had two children — Chandler and Carter. Their separation occurred following her accusations of domestic violence (likely influenced by drugs), leading to their divorce in 2005. Belfort wed Anne Koppe in 2008, but they parted ways in 2020. In 2021, he began dating Cristina Invernizzi.

In prison, Tommy Chong was his cellmate and encouraged Belfort to pen “The Wolf of Wall Street.”

Belfort acquired the luxurious yacht Nadine, originally built in 1961 for the renowned designer Coco Chanel, renaming it after his second wife. The vessel sank near Sardinia in June 1996, but everyone on board was rescued by the Italian Navy’s Special Forces. Belfort later confessed that he pushed for sailing the yacht in heavy winds against the captain’s recommendations.

Long Island Mansion

Jordan purchased a 9,000-square-foot mansion for $5.775 million in October 1992, situated on two acres in Old Brookville, New York. In 2001, this mansion was seized by the federal government and sold to reimburse some of Belfort’s fraud victims, fetching $2.53 million at sale in March 2001. The property was listed for sale in 2015 at $4.75 million, with the price reduced to $2.89 million in August 2018. Eventually, it sold in October 2018 for $2.4 million.


Jordan Belfort Net Worth (Money & Salary)

Thank you for reading this article titled: Jordan Belfort Net Worth (Money & Salary)

Data is from 2023 and 2024 and forecast data is for 2025 and 2026. Furthermore, we extend the forecast data to 2027 and 2028.

 



* This information was taken from various sources around the world, including these countries:

Australia, Canada, USA, UK, UAE, India, Pakistan, Philippines, Indonesia, Nigeria, Tanzania, Kenya, US, United Kingdom, United States of America, Malaysia, U.S., South Africa, New Zealand, Turkey, United Arab Emirates.

Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antarctica, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan.

Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, Brunei Darussalam, Bulgaria, Burkina Faso, Burundi.

Cambodia, Cameroon, Canada, Cape Verde, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling Islands), Colombia, Comoros, Congo, Cook Islands, Costa Rica, Cote D’Ivoire (Ivory Coast), Croatia (Hrvatska), Cuba, Cyprus, Czech Republic.

Denmark, Djibouti, Dominica, Dominican Republic, East Timor, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Ethiopia, Falkland Islands (Malvinas), Faroe Islands, Fiji, Finland, France, Metropolitan, French Guiana, French Polynesia, French Southern Territories.

Gabon, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Heard and McDonald Islands, Honduras, Hong Kong, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy.

Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, North Korea, South Korea, Kuwait, Kyrgyzstan, Laos, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg.

Macau, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montserrat, Morocco, Mozambique, Myanmar.

Namibia, Nauru, Nepal, Netherlands, Netherlands Antilles, New Caledonia, New Zealand (NZ), Nicaragua, Niger, Nigeria, Niue, Norfolk Island, Northern Mariana Islands, Norway.

Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn, Poland, Portugal, Puerto Rico, Qatar, Reunion, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and The Grenadines, Samoa, San Marino, Sao Tome and Principe.

Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Georgia and South Sandwich Islands, Spain, Sri Lanka, St. Helena, St. Pierre and Miquelon, Sudan, Suriname, Svalbard and Jan Mayen Islands, Swaziland, Sweden, Switzerland, Syria.

Taiwan, Tajikistan, Tanzania, Thailand, Togo, Tokelau, Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Tuvalu, Uganda, Ukraine, United Arab Emirates (UAE), UK (United Kingdom), USA (United States of America, U.S.), US Minor Outlying Islands.

Uruguay, Uzbekistan, Vanuatu, Vatican City State (Holy See), Venezuela, Vietnam, Virgin Islands (British), Virgin Islands (US), Wallis and Futuna Islands, Western Sahara, Yemen, Yugoslavia, Zaire, Zambia, Zimbabwe.


Post Title: Jordan Belfort Net Worth (Money & Salary)
Last Updated: February 4, 2025

Similar Posts