Jordan Belfort Net Worth is-$100 Million
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Jordan Belfort net worth: Jordan Belfort is an American author and motivational speaker who has a net worth of -$100 million dollars. Jordan Belfort was born in New York, New York, and founded the brokerage firm, Stratton Oakmont. The firm became quite successful in the 90s, and at one point, employed over 1000 brokers, and handled approximately $1 billion in assets. Jordan Belfort was known for a heavy-spending hard-partying lifestyle. This included purchasing a yacht formerly owned by Coco Chanel. The yacht subsequently sank off the coast of Italy, after Mr. Belfort insisted on sailing it in high winds. He was indicted for money laundering and fraud in 1998 and spent almost two years in jail. He also had to pay clients back nearly $100 million of the $200 million that he stole from them. He has since written two bestselling memoirs and currently works as a motivational speaker. His life story has been turned into a movie starring Leonardo DiCaprio. Martin Scorcese directed the project.
Jordan Belfort (born July 9, 1962) is an American author and motivational speaker who was convicted of crimes related to stock market manipulation and running a boiler room for which he spent 22 months in jail.
Belfort was born into a New York family and was the son of Leah and Max Belfort, who were accountants.
In the 1990s, he founded brokerage firm Stratton Oakmont which functioned as a boiler room, and developed a hard-partying lifestyle, which included a serious drug addiction (Quaaludes). The firm also served as inspiration for the 2000 film Boiler Room. Stratton Oakmont employed over 1000 stockbrokers and was involved in stock issues totaling more than $1 billion, including an equity raising for footwear company Steve Madden Ltd.
Belfort was the final owner of luxury yacht the Nadine (renamed after his second wife, a British-born model) originally built for Coco Chanel. In June 1997, it sank off the east coast of Sardinia. The Italian Special Forces were called to rescue all aboard the vessel. Belfort has said he insisted on sailing out in high winds against the advice of his captain, resulting in the vessel's sinking when waves smashed the foredeck hatch.
Alabama Securities Commissioner Joseph Borg pushed the formation of a multi-state task force which led to the prosecution of Stratton Oakmont after his office was inundated with complaints regarding the brokerage.
Belfort was indicted in 1998 for securities fraud and money laundering. After cooperating with the FBI, he served twenty-two months in federal prison for a pump and dump scheme, which resulted in investor losses of approximately $200 million. Belfort was ordered to pay back $100 million that he took from stock brokers.
Reportedly sober since 1998, Belfort's two bestselling memoirs, The Wolf of Wall Street and Catching the Wolf of Wall Street, have been published in approximately forty countries and translated into eighteen languages. His life story is currently being turned into

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Posted: August 14, 2017, 12:00 am
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