Jordan belfort daughter movie#
Royalties from the movie have also been a stream of income to the former stockbroker.Ī post shared by Jordan Belfort to some sources, he has made more than $2 million from the rights of the 2 books and the film. The Wolf of Wall Street was later turned into the 2013 blockbuster movie of the same name, starring Leonardo Di Caprio (as Belfort) and Jonah Hill. The next year he released a second memoir, Catching the Wolf of Wall Street, which talked about his life after his arrest. Having been barred from ever working in the financial security industry, Jordan Belfort has since tried to earn back money by working as a motivational speaker till date.īefore venturing into Business Oriented Motivational Speeches, he wrote two bestselling memoirs The Wolf Of Wall Street published in 2008, in which he explored his rise and explosive crash in the financial industry. Belfort insisted on sailing it in extremely windy weather. The yacht eventually sank off the coast of Italy, after Mr. He had bought a yacht formerly owned by Coco Chanel, a private helicopter, a mansion on Long Island, and a penthouse in Manhattan. There have been allegations that he is hiding some money away from the government.Īside from allowing his quest to acquire more money tear down his finances and reputation, Belfort’s spendthrift behaviour and hard-partying lifestyle also contributed to his downfall and depletion of his net worth. A greater part of the money came from the sales of his real estate properties which he purchased during his heydays. Belfort’s company was liquidated while he was barred from working in the security industry for life.Īs far as we can tell, Belfort has only managed to pay $11.6 million in reimbursement to defrauded clients. However, after testifying against his partners in the fraud scheme, his sentence was reduced to 22 months. He was found guilty and sentenced to 4 years behind bars, and required to pay over $110 million in restitution out of the $200 million he defrauded over 1500 investors. Consequently, Jordan Belfort was arrested and charged. The fraudulent practices of Stratton Oakmont soon drew the attention of the law and in 1998 the company was probed for money laundering and other allegations. The increase in demand caused the price of the stock to inflate and after the company sold holdings of the stock, it would nosedive in just a few weeks or even days throwing the investors into huge losses.Īnother aspect of this fraud was the fact that the employees he hired were inexperienced, and more often than not, they went off limits just to make money. Unfortunately, the drive to make more money resulted in unscrupulous ways.īrokers began to aggressively push stocks on clients. At the peak of success, the company had around 1000 brokers and assets worth over $1 billion.
The top management of the company was made up of close friends and family who could keep the company’s secrets. In the early ’90s, Jordan founded Stratton Oakmont, a firm that became an overnight success.
He eventually became good at crafting sales pitches. Later on, Jordan Belfort got hired by brokerage firm Rothschild as a trainee stockbroker and subsequently worked with various other firms, acquiring as much knowledge as he could. His Fall From Graceīefore then, he first ventured into selling Italian ice with a friend and made a profit of $20,000 which he initially intended to use for a dentistry degree but later opted to start up several ventures including a meat and seafood company. He made millions in the 1990s through his investment company and became popularly known as The Wolf of Wall Street during his life as a stockbroker. Jordan ‘Ross’ Belfort, became the founder of Stratton Oakmont, an investment company that specializes in penny stocks and defrauding investors with “pump and dump” stock sales. As of 2021, Jordan Belfort has a net worth of $-100 Million Jordan Belfort is an American author, motivational speaker, and former stockbroker whose life story is a paragon of falling from grace.
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