Whether you’ve seen the movie or not, you may have heard of Jordan Belfort. He is the author of a best-selling autobiography, and his book inspired the movie The Wolf of Wall Street. In addition to his writing, he is also a motivational speaker. He has spoken on topics such as entrepreneurship, business ethics, and learning from mistakes. He has been named one of the world’s top motivational speakers for many years. But now, he is facing a restitution bill of over $110 million, which he has to pay back to victims of his scams. This will cut into his earnings and negative net worth.
Jordan Belfort was a trainee stockbroker at L.F. Rothschild, and he eventually worked his way up to being a senior stockbroker. He was fired from the firm when the company suffered financial problems. He then began working at Stratton Oakmont, a financial firm in Long Island, New York. In the 1990s, Belfort made $250,000 a day. He bought expensive cars and toys, and spent his money mindlessly. He also engaged in a number of illegal activities. He laundered money into Swiss banks. Eventually, his activities led to a criminal charge of securities fraud. He was indicted for money laundering in 1998, and served 22 months of a four-year prison sentence.
Jordan Belfort was convicted of securities fraud, but his sentence was reduced after he cooperated with prosecutors. He and his partner Danny Porush both pleaded guilty. They also were indicted for money laundering. This led to investor losses of $200 million. They are still paying restitution to victims. The government is serious about collecting Belfort’s debt, and it is estimated that he will have to pay back half of his earnings.
Jordan Ross Belfort was born on July 9, 1962, in Queens, New York. He earned a degree in biology at the American University, and went to the University of Maryland School of Dentistry. He eventually married British model Nadine Caridi. They had two children. They were married for 15 years before separating in 2005. He has been divorced twice, but is still engaged to Anne Koppe.
Belfort had a net worth of around $50 million when he was a young man. He earned money from his two best sellers, The Wolf of Wall Street, and Catching the Wolf of Wall Street. He also owned a number of mansions, three yachts, and a dozen real estate properties. He also enjoyed a steady, though small, income from his motivational speaking career. He earned an estimated $80,000 to $90,000 per speaking engagement.
In addition to his speaking career, Jordan Belfort owns his own company and is a motivational speaker. His autobiography, The Wolf of Wall Street, was adapted into a movie starring Leonardo DiCaprio. His latest book is called Catching the Wolf of Wall Street. He has published two more books.
As for his current income, he works as a motivational speaker and provides sales training. He spends about three weeks a month on the road, earning between $30,000 and $80,000 per speaking engagement. He has an investment portfolio of about $15 million. He also has a cash reserve of about $32 million.