Jordan Belfort Net Worth 2024 || Career, Legal Problems, and the Motivational Turn

What comes to your mind when you hear the famous question ‘Sell me this pen’? Did you get it? Indeed the first name that springs to mind is Jordan Belfort who has a net worth of $100 million. He becomes famous for earning money through his unethical sales practices. In 2013, the movie “The Wolf Of Wall Street” shows Jordan’s journey from start to end. The movie makes him more famous but doesn’t show the actual damage done to victims. Another movie released in 2000 captured the damage of financial fraud faced by victims.  

QUICK FACTS

Net Worth 

As of 2024, Jordan Belfort net worth is estimated at the impressive figure of $100 million. His main source of income was his company Stratton Oakmont. He founded this company in the mid-1990s and this time was marked as his career high. Jordan Belfort net worth enables him to live a lavish life. We can see in The Wolf of Wall Street, that he could easily afford lavish parties, drugs, high-end cars and yachts, and luxurious mansions. He is earning around $70,000 monthly. Furthermore, he charged around $75,000  for motivational speeches.

Sources Of Income

Initially, Jordan Belfort started earning money by selling meat and seafood on Long Island. After that, he worked in a company as a stockbroker. Before starting his journey as a motivational speaker and author he was involved in illegal activities such as pump-and-dump schemes, unethical sales scams, and money laundering contributed to his income during his time at Stratton Oakmont. He faced many legal issues and was ordered to pay back $110.04 million. As for now his main source of income is his career as a motivational speaker. Additionally, In 2008, he launched his YouTube channel and as of now, he has $682k subscribers. Not only that he also has 2.1 million followers on Instagram. Additionally, his life journey was portrayed in the movie “The Wolf of Wall Street,” starring Leonardo DiCaprio.

Restitution

Jordan managed to earn $200 million from victims of fraud. In 2003, he got caught and ordered to pay back $110 million to victims. He was also sentenced to a four-year punishment. But he served only 22 months because he shared some more details to help the FBI. He was released in April 2008. He paid over $700,000 from 2007 to 2009.  In 2011, Jordan decided to turn his life story into a movie. He made a deal with  Red Granite Pictures and they paid him  $1.045 million.  The US government convenience Red Granite to pay $125,000 from Jordan’s payment to pay his remaining money according to restitution rule. So he paid $158,000 in total to his victims.

Assets

House

Jordan Belfort net worth enables him to invest in real estate, high-end vehicles, and many other cool stuff. He owns two luxury mansions in Manhattan Beach and New York. Not only that he also has a beach house in California.

Cars

Let’s have a look at his amazing car collections. He owns a Lexus ES worth $135,000, a Ferrari cost him $700,000. Not only that he also bought a Bugatti Chiron for $3 million, a sleek Alfa Romeo Giulia valued at $90,000, and a classy Jaguar XE with a price tag of $125,000. He invested his first Wall Street bonus on buying his favorite car and bought a white Ferrari.

Early Life

Jordan was born on July 9, 1962, in the Bronx. His full name is Jordan Ross Belfort and he was raised by a Jewish family. At a very young age, he earned $20,000 by selling Italian ice on the beach during summer. It reflects his business-oriented mind since a young age. He graduated from  American University majoring in the subject of Biology. Initially, he intended to become a professional dentist and went to the University of Maryland School. In a first-class setting, a faculty member stated that one cannot become wealthy by pursuing a career as a dentist.

Career

Belfort began his journey as a salesman. He started selling meat and seafood on Long Island. He filed for bankruptcy at the age of 25, and it was the reason he ended his selling business. After that, he started working as a trainee stockbroker at L.F. Rothschild. He left this firm after the 1987 Black Monday stock market crash.

He didn’t lose hope and founded Stratton Oakmont. Through the sale of “Pump and Dump” stocks, they scammed investors.  And guess what? Belfort was involved in more than 1000 stock issues. 

Throughout his career, he was targeted by law enforcement officials. The National Association of Securities Dealers (NASD) expelled this firm in 1996. In 1999, he was reported to be involved in fraud and money laundering. Moreover, he was sentenced to four years in prison and served 22 months in prison in exchange for a plea deal. Jordan was ordered to pay back $110.4 million from the total $200 million loss of investors. He met Tommy Chong in jail and shared his story.

Tommy encouraged him to convert his stockbroker experiences into a book. Belfort credits his new career as a motivational speaker to Tommy Chong.

Family

In 1985, Jordan Belfort married Denise Lombardo. He divorced her first wife and later married Nadine Caridi in 1991. But sadly this marriage also ended in 2005. Then in 2008, he again married Anne Koppe, but they divorced in 2020. His current wife is Cristina Invernizzi. The couple is the proud parents of Chandler and Carter.

Conclusion

Jordan Belfort, a former stockbroker, criminal, and author, has a net worth of $100 million. He became famous for his unethical sales practices. He earned around $70,000 monthly. His huge fan following on social media contributes significantly to Jordan Belfort net worth. He has invested in real estate, high-end vehicles, and a beach house in Manhattan Beach and New York.