The Wolf Of Wall Street In Crypto Land: Jordan Belfort Net Worth

Jordan Belfort, well-known as ‘The Wolf of Wall Street’ has entered the world of cryptocurrency expecting to profit from Bitcoin and Ethereum.

Jordan Belfort, the former stockbroker, took a U-turn from the world of stocks and started believing in digital assets like Bitcoin and Ethereum. Jordan Belfort Net Worth is estimated to be around $115 Million as of February 2024 and hit around $400 Million at the peak of his career. From being a millionaire stockbroker to facing fraud and scam charges, Belfort has lived a life full of ups and downs.     

Who Is Jordan Belfort? 

Jordan Belfort was born to accountant parents, Maxwell Belfort and Leah on July 9, 1962, in The Bronx, New York City. He was raised in Bayside, Queens, in a Jewish family and developed his entrepreneurial interest from a very young age.

Belfort graduated with a Bachelor of Science degree specializing in biology from American University. During high school and college, he in partnership with his friend, Elliot Loewenstern made $20,000 selling Italian ice at a local beach to pay for dental school. 

Young Belfort dreamed about big things since his young years and his interest in stocks surged with time. In order to become a millionaire, Belfort didn’t pursue the dentistry course, even after enrolling at the University of Maryland School of Dentistry.  

However, the decision to quit dentistry completely changed his mind and opened the stock market doors for Jordan Belfort, making him “The Wolf of Wall Street”.

Professional Journey Of The Wolf

Belfort’s professional journey began with selling seafood on Long Island but went bankrupt. After that, he entered the world of the stock market as a trainee stockbroker at L.F. Rothschild’s investment banking firm. Due to the financial difficulties of the 1987 Black Monday stock market crash, he got laid off from the company.

Afterwards, he worked with several financial firms to level up his skills and soaked up all the knowledge he could. In the early 1990s, he started Stratton Oakmont which marketed penny stocks in a boiler room setting.

His pump-and-dump scheme employed over 1,000 stockbrokers and over $1 Billion under management. In 1996, The National Association of Securities Dealers finally dismissed Stratton Oakmont whereas Belfort was indicted for fraud and money laundering in 1999.

After he was released from jail, he transformed himself into a motivational speaker and author. He produced and acted (cameo) in The Wolf of Wall Street (2013), Firestorm (1996) and Blood Money (1996).

Jordan’s Fraudulent Reign Of Financial Terror

During his pump-and-dump scheme, he succeeded in swiping over $200 Million from 1,513 victims. 

Belfort spent over 22 months in jail and was ordered to pay around 50% as compensation to 1,513 victims. He was released in April 2008 and paid $700,000 towards his restitution between 2007 and 2009.

Furthermore, Belfort was previously married to Nadine Caridi and Denise Lombardo and got divorced. In 2021 he married Cristina Invernizzi.    

What Is Jordan Belfort’s Net Worth?

As per CA Knowledge data, Jordan Belfort’s Net Worth is over $115 Million in 2024 and hit around $400 Million during the peak of his career. Yes, after his rollercoaster ride and downfall in the stock market, Belfort bounced back and built a net worth of around $100 Million.

Apart from stocks, Belfort is an owner of 12 real estate properties, 3 yachts, and 9 automobiles including Lexus ES, Ferrari Portofino, Bugatti Chiron, Alfa Romeo Giulia, etc. Furthermore, he had an interest in cryptocurrency and Bitcoin.             

Belfort’s Connections With Crypto Market  

Jordan is one of the biggest haters of cryptocurrency, especially Bitcoin (BTC). The continuous evolution in the crypto space and a spike in Bitcoin prices changed Belfort’s perspectives towards digital assets.    

It is rumored that Belfort has investments in several crypto start-ups including Pawtocol, a blockchain-powered platform for squirrel Web3 wallet and pet owners. He acknowledged that blockchain technology holds the potential to revolutionize the financial sector soon.

He doesn’t have much investments in digital assets. He once had $300,000 worth of Ohm tokens hacked from his cryptocurrency wallet. Jordan Belfort only invests in BTC and Ethereum (ETH) and his decisions mainly rely on the current state of cryptocurrency.  

He also advises the investors to invest a small portion, around 10% in BTC and ETH to mitigate the chances of loss. 

Conclusion

Jordan Belfort, once notorious for his role in the stock market’s pump-and-dump schemes, has redefined his career and public image. With an estimated net worth of $115 Million as of 2024, Belfort has transitioned from a convicted fraudster to a motivational speaker and author. His journey reflects a dramatic transformation, marked by his initial success, subsequent legal troubles, and eventual resurgence. Despite his controversial past, Belfort’s current engagement with the cryptocurrency market and his cautious investment advice suggest a more measured approach to wealth and influence in the digital age.

FAQs 

Who is Jordan Belfort?

Jordan Belfort is an American former stockbroker, businessman, motivational speaker, and author. He is also known for his pump-and-dump scheme.  

Who is the wife of Jordan Belfort?

Before marrying Cristina Invernizzi in 2021, Belfort married Nadine Caridi and Denise Lombardo and got divorced.     

What is Jordan Belfort new worth?

Jordan Belfort holds a net worth of  $115 Million as of 2024. Apart from this, Belfort had investments in real estate properties and even BTC and ETH.  

Which books are written by Jordan Belfort? 

“The Wolf of Wall Street” and “Catching the Wolf of Wall Street” are two main books written by Belfort.