Written by Selina
Modified & Updated: 30 Sep 2024
Reviewed by Sherman Smith
Jordan Belfort—the infamous character behind the blockbuster hit “The Wolf of Wall Street”—has lived an intriguing life, a blend of outrageous excesses and remarkable rebounds. This article delves into 24 compelling facts about the man who has captivated the world with his audacious escapades and meteoric rise and fall.
Born on July 9, 1962
Belfort was born in Bronx, New York, to Max and Leah Belfort, both accountants. Despite this ordinary upbringing, Belfort was destined for an extraordinary life.
Started Young with Entrepreneurship
Belfort’s entrepreneurial spirit began at a young age. At 16, he and a friend sold Italian ice from styrofoam coolers to beachgoers, showing an early knack for sales.
Studied at American University
Belfort graduated from American University in Washington, D.C., where he earned a degree in biology, initially aspiring to be a dentist.
Founded Stratton Oakmont
In 1989, Belfort founded Stratton Oakmont, a brokerage firm, with partner Danny Porush. The firm would become synonymous with financial scandal and excess.
Nicknamed “The Wolf of Wall Street”
Belfort earned this moniker due to his aggressive and successful sales tactics and the wild culture he cultivated at Stratton Oakmont.
A Multi-Millionaire by 25
By his mid-20s, Belfort was earning millions, boasting an estimated net worth of $200 million at the peak of his wealth.
Known for His Lifestyle
Belfort was infamous for his extravagant lifestyle, including owning a luxurious mansion, a private helicopter, and a yacht once owned by Coco Chanel.
Used the ‘Pump and Dump’ Scheme
Belfort and his team would artificially inflate the price of stocks, then sell their shares, leading to a drastic price drop and significant losses for investors.
Indicted in 1998
Belfort was indicted for securities fraud and money laundering in 1998. His reckless lifestyle and fraudulent practices had finally caught up with him.
Served 22 Months in Prison
Belfort was sentenced to 4 years in prison but served only 22 months, following a plea agreement for cooperating with the FBI.
Ordered to Pay Restitution
As part of his sentencing, Belfort was ordered to pay back $110.4 million to defrauded investors, a debt he’s still repaying.
Met Tommy Chong in Prison
During his time in prison, Belfort shared a cell with Tommy Chong of Cheech and Chong fame, who encouraged him to write about his experiences.
Published ‘The Wolf of Wall Street’ in 2007
Post-prison, Belfort penned his memoir, which detailed his experiences at Stratton Oakmont and his subsequent downfall. The book became a bestseller.
Book Adapted into a Film
In 2013, Belfort’s life was turned into a movie directed by Martin Scorsese, with Leonardo DiCaprio portraying Belfort.
Now a Motivational Speaker
Belfort has reinvented himself as a motivational speaker and sales trainer, teaching ethical business and sales strategies.
Founded ‘Straight Line Hiring’
Belfort has established a global recruitment company, leveraging his sales expertise to match businesses with top sales talents.
Authored Multiple Books
Following his initial memoir, Belfort has authored more books, including “Catching the Wolf of Wall Street” and “The Way of the Wolf.
Podcast Host
Belfort now hosts ‘The Wolf’s Den,’ a podcast where he interviews celebrities, entrepreneurs, and thought leaders.
Lives in Los Angeles
Post-prison, Belfort relocated to Los Angeles, California, where he continues his work as a speaker, author, and entrepreneur.
Regularly Appears on Television
Belfort has appeared on numerous television shows, including Oprah and The Ellen DeGeneres Show, sharing his story and insights.
Advocate for Drug Rehabilitation
Having struggled with drug addiction in the past, Belfort now advocates for drug rehabilitation and recovery.
Helped in COVID-19 Relief
Belfort played a role in COVID-19 relief efforts, using his sales skills to raise funds for protective equipment for frontline workers.
Settled with US Government
In 2021, Belfort settled his remaining restitution with the US Government, enabling him to keep 100% of his income from his projects and engagements.
Supports Entrepreneurship
Belfort continues to inspire and mentor entrepreneurs worldwide, leveraging his story to teach valuable lessons about business and life.
Frequently Asked Questions (FAQs)
Did Jordan Belfort really sink a yacht?
Yes, Belfort did sink his yacht, named “Nadine,” in a storm off the coast of Italy.
Is Jordan Belfort still wealthy?
While Belfort isn’t as wealthy as he was at the peak of his Stratton Oakmont days, he has been successful as an author, motivational speaker, and entrepreneur.
Has Jordan Belfort paid back his victims?
Belfort was ordered to pay $110.4 million in restitution to his victims. As of 2021, he settled his remaining debt with the US Government.
What does Jordan Belfort do now?
Belfort is now a motivational speaker, author, and sales trainer. He’s also the founder of ‘Straight Line Hiring’ and hosts a podcast called ‘The Wolf’s Den.
What lessons can be learned from Jordan Belfort’s life story?
Belfort’s story is a cautionary tale about the perils of greed and lack of ethical judgment. It also shows the potential for redemption and personal transformation.
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