Facts of Jordan Belfort
|Full Name||Jordan Belfort|
|Birth Name||Jordan Ross Belfort|
|Profession||Author, Motivational Speaker, And Former Stockbroker|
|Birth City||Queens, New York City|
|Birth Country||United States|
|Father Name||Max Belfort|
|Mother Name||Leah Belfort|
|Spouse||Nadine Caridi (m. 1991–2005), Denise Lombardo (m. 1985–1991)|
|Relation With||Anne Koppe|
|Education||American University, University of Maryland School of Dentistry|
|Date of Birth||July 9,1962|
How Much Is The Wolf Of Wall Street Jordan Belfort’s Net Worth?
Made infamous by the on-screen remake of his life, Jordan Belfort has a net worth of $-100 million as of June 2019. He is known for earning millions of dollars illegally from his stockbroking firm. The former stockbroker pleaded guilty to fraud in 1999. He made a reputation for running a penny-stock scam.
Belfort was once worth more than hundreds of millions in the past but after his conviction, he lost all of his money making him indebted to various creditors and worth around $-100 million. In spite of this, he is still earning a lot of money from his books, motivational speaking sessions, film royalties, and other various sources.
Jordan Is Worth Around $-100 Million: Income Sources And Salary
Former stockbroker Jordan Belfort has a net worth of $-100 million as of June 2019 according to various online sources.
He was once a very rich stockbroker with his net worth in the hundreds of millions. The primary source of his income was his stock brokering firm, Stratton Oakmont. He was released after serving 22 months in prison.
His network is comparable to another celebrity who went bankrupt like, Allen Iverson ($1 million) and DMX($-10 million) Similarly, his net worth and financial decline are similar to some bankrupt athletes like Mike Tyson.
Stratton Oakmont made over $3,000,000,000 in total during its tenure as a stock breaking company. The exact figures of Belfort’s salary, while he was the CEO of Stratton Oakmont, was around $80,000 in 2013 from seminar fees. Similarly, the same year he earned around $30,000 as a motivational speaker.
To add to this, he got $125,000 royalty from the film The Wolf of Wall Street in addition to $940,500 which he got paid for the film rights of The Wolf of Wall Street. His company was involved in over $1 billion of stock issues. His fraud accused over $200 million in losses for investors.
He also earns from his book sales and was paid $500,000 by Random House before his release. He also earns around $30,000 to $75,000 per engagement as speaking fees.
Expenses, Restitution, Fines
After getting convicted for fraud and scamming millions of dollars from investors in 1999, Belfort was ordered to pay $110 million in restitution by the court. According to some online sources, some of his victims recovered around 10 million of the $11.6 million.
According to the court’s decision, he had to pay 50% of his salary as restitution till 2009 and not since then.
The following list shows the restitution he paid after getting out of prison.
|Year||Amount Paid In Restitution|
To add to this he was also ordered to pay $10,000 for life as restitution by the court. BusinessWeek reported that Jordan also paid only $21,000 out of $1.2 million.
Assets, Lifestyle, And Cars
The movie based on Belfort’s real-life exploits made his lifestyle famous all around the world. He was a drug addict and regularly, threw lavish drug-fueled parties for his co-workers as well as the fancy crowd. He also had a $12 million yacht where a helicopter could be parked. And of course, he also had a helicopter whose cost is unknown.
To add to his rich lifestyle he also has a lot of extravagant properties scattered all around the USA. While most of his assets were confiscated by the government he still has some properties like his $9,600,000 house located in Hermosa Beach, California, USA. He also had a house in Long Island which he sold at $1,550,000 in 1991.
As shown in the movie Jordan Belfort drove around in a Lamborghini Countach costing around $168,539 (€149,000). He also had a Ferrari 512 TR whose price is around $76,266 (£60k), an Alfa Romeo Spider Quadrifoglio whose starting price is $54,999 as per Topgear.
Other cars that he previously had in his collection were Mercedes-Benz S-Class whose price is around $11,439 (£8,999), Jaguar E-Type Convertible costing $127,050 (£99950), Porsche 911 Carrera costing $44,483 (£34,995), Jaguar XJ-S costing $3,806 (£2995), and a Mercedes-Benz SL whose price starts at around $222,000.
Tax, Charity, And Insurance
Belfort moved his money overseas to evade taxes which became the national headline. As of June 2019, he may pay taxes according to the laws of his state and county.
He may be involved in various charities and non-profit organizations but the information regarding his involvement is not available.
He may also have insurance of his health, life, and vehicles however the exact plans and policies are not available.
Jordan Belfort's Books and Life Post Imprisonment
Jordan's life changed drastically post his 22 months imprisonment. In 2008, he wrote his first memoir, The Wolf of Wall Street, depicting his rise and fall in the financial world.
Likewise, in 2009, 2013, and 2017, he released three other books Catching the Wolf of Wall Street, Ho lykos tēs Wall Street Jordan Belfort, Way of the Wolf: Straight Line Selling: Master the Art of Persuasion, Influence, and Success, respectively, which have been acting as a motivation and lesson for millions.
His books are available in all three formats, kindle for a price of around $5, while paper back, hard cover and Audio CD of his 2017 book are for sale in the market for $9.33, $45.92, and $23.54.
As of 2019, Jordan runs a firm which aims at providing sales based training to new aspiring personals and innovative ways of earning wealth.
Jordan Belfort’s Personal Life: He Was Married Twice
Jordan Belfort was born Jordan Ross Belfort on July 9, 1962, in Queens, New York City, United States to father Max Belfort and mother Leah Belfort.
He is 56 years old as of June 2019 and is 5 feet 7 inches or 170 cm tall. He belongs to Mixed ethnicity and is an American as per his nationality.
He is engaged to Anne Koppe as of June 2019, before this, he was married to Nadine Caridi. He married Caridi in 1991 and divorced in 2005. The marriage blessed them with 2 children, a daughter named Chandler Belfort and a son named Carter Belfort.
Similarly, in the past, he was married to Denise Lombardo. The couple married in 1985 and separated in 1991.