American Author Jordan Belfort’s Net Worth, Salary, Earnings, Books, Age, Height, Facts, Wiki-Bio
With a craze for earning money, the American author and former stockbroker, Jordan Belfort, started manipulating the stock market and created a ton of scams. As no sin remains unpunished, he also received his punishment through prison time and fines.
Jordan Belfort received jail time of 22 months and had to pay over $110 millions to his clients. This surely dropped the 56 years’ old’s total property valuation. But, how much drop did he had to suffer? Let’s find out in this article alongside his net worth and earning details.
How Much is Jordan Belfort’s Net Worth?
The American author Jordan Belfort has an estimated net worth of around –$100 million as of 2019. The author fell on debt due to his involvement in stock-market manipulation and such other crimes.
With the start of his career as an Italian ice seller at a local beach in Bayside, Queens, the Belfort earned around $20,000 alongside his partner Elliot Loewenstern.
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Later, Belfort tried becoming a door-to-door salesman in New York and found success as well. However, at 25, he filed for bankruptcy.
Stock Market Manipulation
Following Jordan’s bankruptcy, he received a job as a trainee stockbroker at the L.F. Rothschild, but due to the market crash, the firm laid him off. Later, the former stock-broker founded the Stratton Oakmont, a franchise of the Stratton Securities.
During his tenure at the Stratton Oakmont, he defrauded his clients and marketed penny stocks. The firm once had a total stock trade of over $1 billion.
The FBI was always on Belfort’s tail. Hence, he received a 22 months jail time after his pump-and-dump scams came to light.
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During the scams, the investors in Belfort’s scams lost over $200 million. The 56 years’ old, however, had to pay back over $110.4 million to his stock buyers at the very least.
During the height of his career, he had a 167-foot yacht, a helicopter, and a palatial mansion. He had a lavish lifestyle alongside a habit of drug consumption.
After Jordan’s unsuccessful run towards paying back his debt, he agreed to a deal of paying 50% of his income to the clients he defrauded. Until 2013, his clients recovered around $10 million from the $11.6 million properties Belfort owned.
In 2007, Jordan paid around $382.9k while in 2008, his payment amounted to $148k. Likewise, in 2009, he decreased his restitution by $170k.
Later, Belfort’s 50% restitution was canceled, however, the government required him to pay around $10k per month for life. Jordan currently pays $10k per month and whatever he earns from his public speaking engagements as restitution.
What about Jordan Belfort’s Extra Earnings?
Jordan Belfort, not only earned from his stock brokerage but also from his writing and motivational speaking. As a matter of fact, he has been paying off his debt from the cash, he earned from such ventures.
After Belfort came out of the jail, he wrote two memoirs The Wolf of Wall Street and Catching the Wolf of Wall Street. The books are translated into 18 languages and distributed to over 40 countries.
A movie was based on his book, The Wolf of Wall Street, of the same name in 2013. The movie starred stars like Leonardo DiCaprio, Jonah Hill, and Margot Robbie.
YouTube: Jordan Belfort’s The Wolf of Wall Street Movie Adaptation Trailer
From the book, the Random House paid him $500k as an advance before the release of the book. Similarly, from the movie adaptation of the book, he earned approximately $1.2 million before its release. From such, he earned over $21k towards his restitution.
Jordan Belfort also earns from his motivational speeches. He mostly talks about motivation and ethics primarily and after that, he focuses more on sales skills and entrepreneurship.
From his speaking, Jordan earns around $30k to $75k as his per speaking fees. Likewise, from his per sales seminar, he earns around $80k or more.
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Recently, the author talked about the way of selling anything. He even talked about parents selling their kids a habit to make their bed and also a politician selling Brexit.
According to Belfort, there are always two cases, logical and emotional. And, the latter one always closes the deal.
Belfort’s house was kept for sale in the market for $3.4million. The house is at Old Brookville which featured two stories and covered around two acres.
Quick Facts of Jordan Belfort
Where is Jordan Belfort originally from?
Queens, New York City, US
How old is Jordan Belfort?
56 years old
What is Jordan Belfort’s ethnic background?
Which nationality does Jordan Belfort belong to?
How tall is Jordan Belfort?
5 feet 5 inches
Who is Jordan Belfort Married to?
Denise Lombardo (divorced) and Nadine Caridi (divorced)
Is Jordan Belfort Dating Anyone?
Who are Jordan Belfort’s parents?
Max Belfort (Father) and Leah Belfort (Mother)