Belfort made millions through Stratton Oakmont. However, he experienced some legal issues that led to several payments in fines.
This got many people wondering what the entrepreneur’s net worth is. Are you one of them? Keep reading to find out more about him.
Jordan Belfort hails from New York, Queen, and his birthdate is 9th of July, 1962. Jordan’s parents were both accountants and of Jewish descent. The entrepreneurial skill set began during a phase of completing high school and before joining college.
He sold Ice at the local beach from a Styrofoam cooler box. He then joined American University and graduated with a Bachelor’s Degree in Biology. Desiring more, Jordan enrolled to pursue Dentistry at the University of Maryland School using his Loewenstern earned money.
He then discontinued his studies after comments of his lecturer that would insinuate the prime era of pursuing dentistry were over. He added that if money motivates Jordan, then it is prudent he quits.
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Work And Career
Wealth amerced by the Jordan began at a selling fish and letter breaking even when he switched to selling stocks. He immersed his focus on the penny stock that made him create massive fortunes to the extent of being recognized by Forbes magazine.
Jordan’s firm Stratton Oakmont sold perceived unworthy stocks. The firm added 50% on the prices of shares as services. The firm sold the shares at a higher rate by influencing the market with Jordan’s connections. The act saw Jordan getting unreal levels of hundreds of millions expanding his empire. On the other hand, his clients would experience significant losses.
Expanding His Horizons
Jordan’s wealth grew after the launching of his autobiography that rocked New York Times Best Seller. He sold the book’s rights together with the movie. The bidding wars at the movie part saw Leonardo DiCaprio and Warner Bros winning.
The rights earned Jordan more than $ 1 million and a tune of $250,000. The depiction demonstrates a man with a clear opportunist mind that is good at unearthing a viable niche. He gets to the top or acquires profit through fraud and trickery.
Belfort’s Drug Problems
The wealthy businessman began using drugs leading to his harmful usage of these substances. On a recalled instance, he lost his asset of a $20 million167- foot yacht that sank at the Coast of Italy.
He gave contradictory orders to the captain during a storm that led to the sinking. The poor character was accustomed to his second marriage and at work on the employees.
In 2019, an arrest on Jordan came to effect on a count of money laundering. He faced a sentence that required a restitution payment to a sum of $ 110 million. To add on, he was jailed for four years, translating to twenty-two months, where he was encouraged by a cellmate to write his record-selling book. He later published other books depicting the continuity of his life.
What Is Jordan Belfort’s Net Worth?
With much of wealth tagged in his name during the 90s, he created close to $ 50 million. The businessman had several high-end mansions and cars. He lived one time in a villa with a net value of $ 3.4 million.
The extravagance of the estate featured a large pool, several entertainment rooms, a garage, and five bedrooms. With authority demanding $ 110, half of his earnings are stripped by the State currently.
Therefore, approximately he received $25 million from his books and movies on Wolf of Wall Street. The earnings date to as late as 2021.
However, after coming from jail, the information is doubtful—the primary reason approximates Jordan’s payment to $ 13 million. The great financial guru additionally pocketed $ 9 million from speaking engagement recently.
The amount of wealth owned by Jordan depends on a person’s perspective.
It is important to note that determining a person’s wealth. Jordan built an enormous liability debt with the State. The amount estimated at $ 97 million to the American government takes center stage in determining his worth.
However, the stipulation by law demands payment by half of his earnings consequentially to offset the debt. Claims he is not upholding the payment agreement now makes the situation based on a personal perspective. Being a motivational speaker sees him earn approximately $ 75,000 to $ 300,000 per session as his fee.
On the other hand, when tasked with seminars, Jordan charges $ 80,000 or more per seminar. Therefore, if one considers debts paid by Jordan or not, his wealth is estimated from $ 0 to $ 100 million.