Jeni Watson
Author, motivational speaker, and former stockbroker Jordan Belfort hails from the United States. In the 1990s, Jordan Belfort defrauded investors out of millions of dollars.
Jordan Belfort | Family and Education
Currently 60 years old, Jordan Ross Belfort was born on July 9, 1962. He resides in the Cancerian sign.
Belfort was also born in The Bronx, New York City, in the United States. He is American by birth and Jewish by ancestry.
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Leah Belfort and Max Belfort are also his parents. Robert Belfort is the name of his older brother.
Belfort attended Bayside High School, which is also where he attended school. He also has a Biology degree from American University.
He also enrolled at the University of Maryland School of Dentistry, where he pursued a career in dentistry. Belfort left school, though, after realizing that a career in dentistry would not be successful.
Jordan Belfort | Professional Life and Career
Jordan began his job soon after graduating. In Long Island, he was a door-to-door salesman. It ran a company that sold meat and seafood.
The business venture also reached its tipping point after a while. It was able to produce a large number of workers and move the product every week.
But in the middle of the 1980s, the business went out of business and declared bankruptcy. Undoubtedly, he developed an interest in the stock market after declaring bankruptcy at the bank.
Brookmont Stratton
In addition, a family friend assisted him in landing a position at L.F. Rothschild as a trainee stockbroker after his company closed.
He thereafter worked at numerous Investors Centers and penny stock firms similarly, gaining a lot of knowledge about financial markets and securities.
A year later, he launched Stratton Securities, a franchise of broker-dealers. In addition, by the 1980s’ conclusion, he and his companion had made enough money to purchase the franchise.
He soon co-founded the over-the-counter brokerage house Stratton Oakmont with his friend and business colleague Danny Porush.
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The company promoted penny stocks and engaged in “pump and dump” stock sales, which deceived numerous investors.
A false and deceptive positive statement is used to artificially inflate the price of an owned stock in a practice known as “pump and dump.” so that you can resell the stock you bought on the cheap for more money.
He soon started making millions of dollars from the stock market, which allowed him to live a luxurious lifestyle.
He adopted a lifestyle that included throwing extravagant parties and used narcotics heavily for recreation, primarily “Methaqualone” (supplied to him under the brand name “Quaalude”), which led to his severe addiction.
His way of life is shown in the well-known American dark comedy criminal biopic film “The Wolf of Wall Street,” in which Leonardo Di Caprio portrayed him.
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The company also once employed over 1000 stockbrokers and took part in stock issues worth more than $1 billion.
Even the initial public offering for the shoe business Steve Madden Ltd. was mentioned. Stratton, however, became a focus of law enforcement throughout history because of this opulent fortune.
The National Association of Securities Dealers (NASD) was constantly monitoring it, and in December 1996, Stratton Oakmont was removed due to allegations of money laundering and securities fraud.
Accusations and Compensation
In addition, as part of a plea agreement with the FBI, Jordan was given a four-year prison term in the Taft Correctional Institution in Taft, California.
However, he only invested in the pump-and-dump scheme for 22 months, causing the investor to lose about $200 million. He was also fined $110.4 million for defrauding the stock purchasers.
He was ordered to repay the 1,513 clients he cheated on up until 2009 with 50% of his income. But by 2013, he had only paid $10 million of the $11.4 million owed, and that sum could only be forfeited.
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In the same way, federal prosecutors complained about him for not making enough reparation payments in October 2013.
Additionally, the authorities said that he traveled to Australia to evade taxes and hide his assets from the victim.
The Wall Street Journal, later offered a formal apology after they later retracted their comments.
He also offers to pay 100% of the royalties from his books and “The Wolf of Wall Street” to make up for the damage, but the government has rejected the proposal.
Author and Motivational Speaker
Jordan, a Canadian-American actor, writer, director, singer, cannabis rights activist, and comedian who was serving a 22-month sentence for prosecution, was housed in the same cell as Tommy Chong.
He pushed him to write about his experiences as a stockbroker, which inspired him to pursue a career as a writer and motivational speaker.
The Wolf of Wall Street and Catching the Wolf of Wall Street are two memoirs he has also written. He released it in more than 40 nations and had it translated into 18 different languages.
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Additionally, he leads numerous motivating programs and does live seminars.
He often conducts seminars in Australia called “The Truth Behind His Success,” which is a series of highly well-attended workshops.
Additionally, he owns a company called “Global Motivation Inc.” and conducts a sales seminar called “Jordan Belfort’s Straight Line Sales Psychology” in which he motivates business ethics, sales techniques, and entrepreneurship.
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Jordan Belfort | Personal Life and Relationship
At the moment, Jordan is seeing businesswoman Anne Koppe. However, it is unknown how they came to meet. He also shares two kids with his ex-girlfriend Nadine Caridi.
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He was a model who was born in Britain and they met at the party. However, their relationship came to an end after she accused him of abusing her at home.
Jordan Belfort | Net Worth and Salary
Jordan has made millions of dollars through his investing firm Stratton Oakmont dubbed “The Wolf of Wall Street.”
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He was required to pay $110 in restitution following the money-swindling case, albeit he did not pay the whole sum.
Belfort currently has a net worth of $2 million after earning a living as a motivational speaker.
Jordan Belfort | Age and Body Measurements
Jordan is 67 inches tall and 68 kg in weight. His height is 5 feet 7 inches (150 lbs).
He has hazel-brown eyes and light brown hair, and he has a fair complexion. Regarding his bodily measurement, there is no information available.
Social Media
Instagram: 2 million followers
Facebook: 604k Likes
Twitter: 663.7k followers
Frequently Asked Questions:
Which company was Jordan Belfort’s first venture?
After a brief stay in dental school, one of Belfort’s first jobs was as a door-to-door salesman in Long Island.
Belfort: Is it a con?
Media reporters discovered connections between Belfort and an Australian employee training business in 2014 that may have taken part in a government financing scam.
As of the beginning of 2019, there has been no development on this conceivable connection, and Belfort is still engaged in a respectably lucrative motivational speaking career.
What business is Belfort in?
Belfort continues to make money off his life experiences by operating a motivational speaking firmly.
Belfort planned to use the money he had earned from his previous business to enroll in dental school while studying biology at American University.
Quick Facts | Jordan Belfort
| Full Name | Jordan Ross Belfort |
|---|---|
| Born Date | 09 Jul, 1962 |
| Age | 60 years |
| Horoscope | Cancer |
| Lucky Number | 7 |
| Lucky Stone | Moonstone |
| Lucky Color | Silver |
| Best Match for Marriage | Taurus, Pisces, Scorpio |
| Gender | Male |
| Profession | Entreprenuer |
| Country | United States of America |
| Saying | “Give Yourself No Choice But To Succeed’ |
| Height | 5 feet 7 inches (1.70m) |
| Marital Status | divorce |
| Dating | Anne Koppe |
| Divorce | Nadine Caridi |
| Net Worth | $2M |
| Eye Color | Hazel brown |
| Hair Color | Light Brown |
| Birth Place | The Bronx, New York City |
| Nationality | American |
| Ethnicity | Jewish |
| Education | University of Maryland |
| Father | Max Belfort |
| Mother | Leah Belfort |
| Siblings | Robert Belfort |
| Kids | Two |
