Wolf of wall street net worth8/7/2023 ![]() ![]() Jordan Belfort is a Motivational speaker and an American entrepreneur. Rishabh Pant Age, Net Worth, Career, & Awards Career Grace Van Dien Net Worth, Age, Career & Awards Since his release, he has written two books – The Wolf of Wall Street (2007) detailing these experiences Catching the Wolf of Wall Street: More Incredible True Stories of Fortunes & Fiascos on Wall Street (2009) The Straight Line Persuasion System: Mastering Persuasive Selling Techniques Through Psychology & Negotiation (2008), which outlines negotiation tactics used by top salespeople And Relentless: From Good To Great To Unstoppable (2013), about achieving personal excellence using principles rooted in science. In 2003 he served 22 months in federal prison after pleading guilty to fraud and related crimes connected with stock market manipulation and running a boiler room as part of a penny stock scam (at age 40). In April 1998 Belfort pleaded guilty to security fraud charges due to illegal activities surrounding his involvement with Stratton Oakmont Inc., which had declared bankruptcy earlier that year owing over $200 million to investors whom it had wronged through its fraudulent practices (also known as “pump and dump” strategies). After college, he took up employment at Lefrak Organization as a door-to-door meat and seafood salesman before starting Stratton Oakmont in 1989 with partner Danny Porush. but dropped out shortly afterward without completing a degree. He attended American University in Washington D.C. His parental grandfather immigrated from Romania to Israel before moving to the US. He was the subject of the 2013 film The Wolf of Wall Street, directed by Martin Scorsese, based on Belfort’s memoirs.īelfort grew up in Bayside Queens, where his father was an accountant for small businesses. He is an American author and motivational speaker who achieved success as a stockbroker in the late 1980s and early 1990s with his firm Stratton Oakmont. Following this incident, Jordon decided to focus more on motivational speeches about business ethics and personal development instead which turned out to be a very successful career path for him since then. ![]() Alongside Danny Porush, Belfort started trading stocks utilizing questionable tactics that attracted attention from federal regulators such as SEC (Securities Exchange Commission).Īs part of a plea bargain agreement with the SEC after an investigation into securities violations, Jordan Belfort was sentenced to four years in prison in 2005 for fraud-related activities including market manipulation and money laundering through Stratton Oakmont Inc., which declared bankruptcy shortly after his arrest. ![]() He soon established himself as one of Wall Street’s most successful stockbrokers and later joined Stratton Oakmont as a broker for their IPO division in 1989. Rothschild under the guidance of Mark Hanna, who became one of his mentors in the financial services industry. In 1987, he landed his first job on Wall Street when he was offered a position as an entry-level stockbroker at L.F. Jordan attended American University before transferring to and graduating from the University of Maryland with a degree in biology. His parents Ron and Leah Belfort were accountants. On July 9, 1962, Jordan Belfort was born in the Bronx borough of New York City. In recent years he has become an acclaimed motivational speaker helping people achieve their goals by providing advice on business structure, marketing techniques, sales tactics, and human communication ethics. He is the author of two memoirs, The Wolf of Wall Street and Catching the Wolf of Wall Street, which chronicle his success in stock trading, extravagant lifestyle, substance abuse issues, and legal troubles. A former stockbroker, Belfort made millions through criminal activities such as stock market manipulation and fraud at the brokerage firm Stratton Oakmont.īelfort subsequently served prison time for related offenses before reinventing himself into a public speaker on business and entrepreneurial topics. ![]() He has achieved widespread fame and notoriety due to his rise and fall as a Wall Street power broker. Jordan Belfort is one of the most prominent figures in modern finance. ![]()
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