Looking at how the world revolves around money, we can’t blame people for trying to make large sums of money through immoral and criminal methods. We say this because the personality we are about to talk about is Jordan Belfort, a former convict of fraud but exceptionally smart about dealing with finances that made his quiet reach before he was in prison.
Jordan Belfort Net Worth is -$100 Million. Here is the breakdown.
Jordan Belfort’s Early Start to His Net Worth.
Jordan Belfort always had a big-money mindset. He and his childhood friend, Elliot Loewenstern, were able to make a total of $20,000 by serving Italian Ice out of Styrofoam coolers on a hot day at their local beach right out of high school.
After graduating from American University with a degree in biology, Belfort thought of using some of that money to pay for his dental school.
He did join the University of Maryland of Dentistry for that purpose. However, the first day, the University’s dean told him that dentistry’s golden age is already over and a wrong profession for people who want to make money.
So, Jordan quit and became a door-to-door salesman of meat and seafood. He was able to develop a great business supplying over 5,000 pounds of meat through over 1000 employees.
Jordan Belfort’s Net Worth.
However, somehow his business would also go into bankruptcy. He began working in the L.F. Rothschild, but that would also end when the entire company was brought down with the 1987 Black Monday stock market crash.
However, he would keep working in the stock market until founding Stratton Securities and its infamous franchise, Stratton Oakmont.
Over the course of his time with the company, it would employ over 1000 people and many of whom would be part of what was called ‘The Boiler Room.’
There, Jordan Belfort and his colleagues and employees would use the ‘pump and dump’ sale of penny stocks. By the time Belfort was behind bars, he had defrauded over $200 million from investors.
There was a time when Jordan Belfort was one of the richest men in America or at least one of the most successful.
He proclaims that at his highest point, he was earning over $50 million a year. According to him, he was also able to obtain a total of $1.5 billion for his company while investing in over 30 million-dollar companies.
During that time, Jordan Belfort’s net worth may quickly be in the billions, but currently, he is under restitution to pay all the money he wrongfully took from his scam investments.
He might as well be bankrupt since Jordan Belfort’s net worth at the last time of our checking in 2013 was in the negative amount of -$100 million.
