Facts About Jordan Belfort
|59 Years Old
|The Wolf of Wall Street
|Jordan Ross Belfort
|Motivational Speaker , Author , Entrepreneur
|Place Of Birth
|Bronx, New York
|American University, University of Maryland School of Dentistry
|Denise Lombardo (Ex-Wife), Nadine Caridi (Ex-Wife)
|2; Carter and Chandler
|Source of Wealth
|Motivational Speaking Career
|5 ft 7 in or 170 cm
|75 Kg or 165.5 lbs
Jordan Belfort is an American entrepreneur, speaker, author, former stockbroker, and convicted felon. He is famous for the memoir "The Wolf of Wall Street" which was later adapted into a film with the same name released in 2013 directed by Martin Scorsese and starring actor Leonardo DiCaprio. In 2017, Belfort released another memoir, a self-help book entitled Way of the Wolf. Belfort has drawn criticism for profiting off his story of stealing money from innocent people, while his victims received nothing. He also founded Stratton Oakmont as a franchise of Stratton Securities in 1989 which functioned as a boiler room that marketed penny stocks and defrauded investors with the "pump and dump" type of stock sales. In the year 1999, he pled guilty to fraud and related crimes in connection with stock-market manipulation and running a boiler room as part of a penny-stock scam. He spent 22 months in prison as part of an agreement under which he gave testimony against numerous partners and subordinates in his fraud scheme. After scandals and a stint in prison for securities fraud, Belfort has reinvented himself as a motivational speaker. Today, he runs a motivational speaking business and continues profiteering off his life experiences. He is nicknamed The Wolf of Wall Street.
What is Jordan Belfort known for?
- Being an American entrepreneur, speaker, author, former stockbroker, and convicted felon.
- For his memoir "The Wolf of Wall Street" which was adapted into a film with the same name released in 2013.
Who are the Parents of Jordan Belfort? Details About His Birthplace, Nationality, and Education
Jordan Belfort was brought into this world on 9th July 1963 by his parents; Max (father) and Leah (mother). His birth name is Jordan Ross Belfort. He stepped his first step in the Bronx, New York City, New York, the USA which is his birthplace. However, he was raised in Bayside, Queens located in the USA. Both his father and mother were accountants. By nationality, he is American as he was born to American parents. He belongs to the American-White ethnicity. His present age is 59 as of 2021. As per his birth date, his Zodiac sign is Cancer and by religion, he follows Judaism. Also, he has a sibling, an older brother namely Robert Belfort.
Concerning his educational qualification, Jordan graduated from American University with a degree in biology. Later, he enrolled at the University of Maryland School of Dentistry. He left after the dean of the school said to him on his first day: "The golden age of dentistry is over. If you're here simply because you're looking to make a lot of money, you're in the wrong place".
Jordan Belfort Career Timeline
- Jordan Belfort earned $20,000 selling Italian ice from styrofoam coolers to people at a local beach with his close childhood friend, Elliot Loewenstern between his time before completing his high school and attending college.
- After he left the University, he became a door-to-door meat and seafood salesman on Long Island, New York.
- Later, he grew his meat-selling business to employ several workers and sold 5,000 pounds (2,300 kilograms) of beef and fish a week. But his business failed and he filed for bankruptcy at the age of 25.
- As per his memoirs and interviews, a family friend helped him find a job as a trainee stockbroker at L.F. Rothschild.
- He says he was laid off after that firm experienced financial difficulties related to the Black Monday stock market crash of 1987.
- After a time, he founded Stratton Oakmont as a franchise of Stratton Securities. Later, he bought out the original founder.
- Stratton Oakmont functioned as a boiler room that marketed penny stocks and defrauded investors with the "pump and dump" type of stock sales. Stratton Oakmont at one point employed over 1,000 stockbrokers and was involved in stock issues totaling more than $1 billion, including being behind the initial public offering for footwear company Steve Madden.
- Then, the firm was targeted by law enforcement officials throughout nearly its entire history, and its notoriety inspired the film "Boiler Room" (2000), as well as the biopic "The Wolf of Wall Street" (2013).
- From the year 1989, Stratton Oakmont was under near-constant scrutiny from the National Association of Securities Dealers (now the Financial Industry Regulatory Authority). In December 1996, the NASD expelled Stratton Oakmont, putting it out of business.
- In the year 1999, he was indicted for securities fraud and money laundering.
- He served 22 months of a four-year sentence at the Taft Correctional Institution in Taft, California, in exchange for a plea deal with the Federal Bureau of Investigation for running pump-and-dump scams that led to investor losses of approximately $200 million. There, he shared a cell with Tommy Chong who encouraged him to write about his experience as a stockbroker. Tommy and Jordan became friends after his release from prison.
- His restitution agreement required him to pay 50% of his income towards restitution to the 1,513 clients he defrauded until 2009, with a total of $110 million in restitution further mandated. By 2013, about $10 million was recovered by Belfort's victims as well as from the sale of forfeited properties.
- Later, federal prosecutors filed a complaint against Belfort in October 2013. After some days, the U.S. government withdrew its motion to find Belfort in default of his payments, after his lawyers argued that he had only been responsible for paying 50% of his salary to restitution up until 2009, and not since. The restitution he paid during his parole period (after leaving prison) amounted to $382,910 in 2007, $148,799 in 2008, and $170,000 in 2009.
- He then began negotiating a restitution payment plan with the U.S. government in which he made with the government was to pay a minimum of $10,000 per month for life towards the restitution.
- He claimed on his website and elsewhere that he intended to request that "100% of the royalties" from his books and The Wolf of Wall Street film be turned over to victims. As of June 2014, spokesmen for the U.S. attorney said that Belfort's claim was "not factual", and that he had received money from the initial sale of the movie rights that was not entirely put towards his restitution repayment.
- Also, BusinessWeek reported that Belfort had paid only $21,000 toward his restitution obligations out of approximately $1.2 million paid to him in connection with the film before its release.
- Moreover, he stated that the government refused his offer to put 100% of his book deal money towards his restitution.
Jordan Belfort Writing Career
- Jordan Belfort wrote the two memoirs "The Wolf of Wall Street" and "Catching the Wolf of Wall Street" which have been published in approximately 40 countries and translated into 18 languages.
- The movie upon his book "The Wolf of Wall Street" starred Leonardo DiCaprio (as Belfort), Jonah Hill, and Margot Robbie which was released in the year 2013.
- Following his release from prison, he wrote his first book. Also, he received a $500,000 advance from Random House, and before its release, a bidding war began for the book's film rights.
Jordan Belfort As A Motivational Speaker
- As a motivational speaker, Belford stated: "I got greedy. ... Greed is not good. Ambition is good, passion is good. Passion prospers. My goal is to give more than I get, that's a sustainable form of success. ... Ninety-five percent of the business was legitimate. ... It was all brokerage firm issues. It was all legitimate, nothing to do with liquidating stocks".
- His speeches included a tour of live seminars in Australia entitled "The Truth Behind His Success".
- In a 60 Minutes interview regarding his new career, Belfort stated of his previous life that his "greatest regret is losing people's money".
- In addition, he also runs sales seminars entitled "Jordan Belfort's Straight Line Sales Psychology".
- His speaking engagements are run through his business Global Motivation Inc. and, as of 2014, Belfort was spending three weeks out of each month on the road for speaking engagements.
Australian Training Scandal
- Back then, the television news service, '7News' and the well-recognized newspaper 'The Sunday Mail' investigated the uncovered links between Belfort and employment company Career Pathways Australia run by Paul Conquest, who also has majority-ownership of Face to Face Training.
- Jordan Belfort reportedly gave two workshops on Sales for the staff of Face to Face Training.
- Face to Face Training received $3.9 million from the state government during FY-2014 and $6.34 million during FY-2015 for its training and assessment services. A huge amount of money was expected to be sent on the service training and certification which didn't happen due to which '9 News Australia' called the training program a scam and the certification program a "Tick Flick" in its 60 Minutes segment.
Who is Jordan Belfort married to? Know About His Wife and Children
Jordan Belfort is a married man to his beautiful wife whose name goes by Cristina Invernizzi. As per sources, the pair quietly married in February in Las Vegas in a small ceremony in front of friends and family. The duo started dating in 2019. By profession, Cristina Invernizzi is a model and actress from the USA. The happily married couple are enjoying their present life happily without any disturbances. Today, Jordan and Cristina are residing in Los Angeles, Miami. They were also seen at a Les Couleurs Charity event at Le Rouge in Wynwood. Belfort was also spotted in Miami a month before announcing the move. He was spotted dining with rapper Drake. The pair were dining separately at Carbone - the most talked about an Italian restaurant in the 'last decade,' according to the restaurant's website - in late September where they celebrated Drake's new album Certified Lover Boy. They joked they were the 'werewolves of Miami,' which Belfort captioned the photo on Instagram. His sexual orientation is straight and he is not gay.
Previously, Jordan Belfort married his first wife, Denise Lombardo in 1985 and later got divorced in 1991 while he was running the Stratton Oakmont business. Then, he married his second wife, Nadine Caridi in the year 1991. By profession, Nadine Caridi is a British model. Their wedding was held in Manhattan Beach California in a lavish ceremony. The duo is also blessed with two children; a son, Carter Belfort (b. August 15, 1996), and a daughter, Chandler Belfort (b. July 29, 1993). Later, they separated in 2005 as Nadine’s claims of domestic violence and infidelity, which were exacerbated by Jordan’s problems with drug addiction. After their divorce, he started to enjoy a life of drugs and extravagant parties. After that, he dated Anne Koppe and got engaged in 2012 whom he met in 2008. Their relationship could not last long and they split.
Jordan Belfort Net Worth: How rich is he?
Jordan Belfort is a motivational speaker, entrepreneur, former stockbroker as well as and author by profession whose net worth is estimated to have -100$ as of 2021. He became wealthy after defrauding hundreds of investors and lived a lavish life, buying sports cars, a huge mansion, and several other costly items. When Jordan was the CEO of Stratton Oakmont, he received around $80,000 from seminar fees. His per-engagement speaking fees have been about $30,000-75,000 and his per sales seminar fee can be $80,000 or more. He got $125,000 royalty and $940,500 for the film rights of The Wolf of Wall Street. Belfort was the final owner of the luxury yacht Nadine, which was originally built for Coco Chanel in 1961. In June 1996, the yacht sank off the east coast of Sardinia, and frogmen from the Italian Navy special forces unit COMSUBIN rescued all who were aboard the vessel. He bought a white Ferrari with his first Wall Street bonus. In 2001, the federal government seized Belfort's Long Island, New York mansion, and then sold it to pay back some of Belfort's fraud victims. Since that time, the home has been sold several times. It hit the market in 2017 for $3.4 million. In August 2018, the price was slashed to $2.89 million. His present salary is still to get disclosed yet. He is living a standard lifestyle as of today.
How tall is Jordan Belfort?
Jordan Belfort is a handsome man with an athletic body type. He stands tall at the perfect height of 5 ft 7 in or 170 cm. His balanced bodyweight consists of 75 Kg or 165.5 lbs. He has a pair of blue eyes and his hair color is dark brown. He has a toned physique with short-cropped and side-parted hair. He has a clean-shaven look with a glowing face and a charming smile attracting a lot of people towards him. Overall, he has got a healthy body.
Trivias About Jordan Belfort You Need To Know.
- Jordan Belfort founded Stratton Oakmont as a franchise of Stratton Securities in 1989.
- His birth name is Jordan Ross Belfort.
- He is of Ashkenazi Jewish descent.
- He had published his memoir, titled The Wolf of Wall Street, in 2007. The book was adapted into a film with the same name and was released in 2013. His character was portrayed by Leonardo DiCaprio.
- As per his birth date, his Zodiac sign is Cancer.