Jordan Belfort net worth is no less than a mystery, and here is where we will dig into some facts. Belfort is a legendary entrepreneur and a tycoon in the finance industry, apart from being the author of three bestselling books. However, that’s not it because the millionaire and the real Wolf of Wall Street plays several other roles and leads life king-size. In this post, let’s check out Jordan Belfort current net worth, his earning sources, and also get a glimpse of his life in general.
Knowing about his past is the best way to understand Jordan Belfort net worth and wealth obsession.
Born on July 6, 1962, in the Bayside area of Queens to Jewish parents Leah and Max Belfort, Jorden went to the Bayside High School for his primary education. Later, he entered the Government American University to pursue a Bachelor’s in Biology.
While Jordan Ross Belfort’s initial goal was to become a dentist, he left the University of Maryland Dentistry Department after knowing the career was not so lucrative.
Before rising to the peak of fame and wealth, Jordan’s first job was that of a frozen fish and meat salesman in Long Island. Later, he joined an investment bank, L.F. Rothschild, as a stockbroking intern. From here, he went on to start and manage several illegal businesses and off-exchange dealings.
He rose to prominence at his first-ever startup Stratton Oakmont Inc. by carrying out fake stock inflation activities and selling faulty investment policies. Finally, in 1989, a summon against him was issued by the FIRA (Financial Industry Regulatory Authority). Jordan was part of several criminal activities, including money laundering and forgery. After a trial, he was sentenced to four years at TCI (Taft Correctional Center) in California.
Jordan Belfort net worth
|Net worth 2023||$115 million|
|Net worth 2022||$108 million|
|Net worth 2021||$100 million|
|Net worth 2020||$97 million|
|Net worth 2019||$92 million|
Jordan Belfort net worth 2021
As per reports and investigations, Jordan Belfort net worth 2021 was approximately $100 million. However, considering his restitution order and pending penalty, the net worth was technically -$100 million. Belfort pleaded guilty along with his associate for carrying out illegal financial activities, and running fraudulent business.
Jordan Belfort net worth 2022
Note that the graph of Belfort’s net worth faces upward when you compare yearly. Jordan Belfort net worth in 2021 was around $100 million. Interestingly, his net worth increased by around $8 million within a year. According to reports, Jordan Belfort net worth in 2022 was $108 million approximately.
The changes were results of his engagements as a speaker, earnings from investments, film productions, and more. However, the actual figure of net worth was approximately $9.6 million only, after adjusting restitution arrears and payment from previous year.
Jordan Belfort net worth 2023
After analyzing the reports of several agencies and sources, there is finally some clarity over Jordan Belfort current net worth. According to estimation, some sources claim the figure is approximately $134 million. As mentioned earlier, it is quite a mystery, and deeper analysis can bring more accurate answers.
The sources of Jordan Belfort net worth are more than one. His wealth is an accumulation of several ventures and includes his assets. Check out the breakdown of Jordan Belfort current net worth below:
Cash reserves worth millions
There is no accurate report regarding the amount Jordan keeps as cash reserves. However, per a compilation of various reports on the internet, it is worth more than $32 million. The source of this amount is mainly from his various entrepreneurial venture, both past and present.
Excellent investment portfolio
A man with such knowledge of finances and trading is only expected to have an enviable investment portfolio. Jordan Belfort lives up to his stature and has shares in various big names, including General Motors, FedEx, Apple, Walmart, Visa, and more. The total worth of these sum up to more than $15 million.
Whopping annual income
For a better insight into Jordan Belfort net worth, ventures, and overall income, you must read his memoir. He wrote The Wolf of Wall Street after serving a prison sentence, including the tales of his rise, career peak, and downfall.
The book was later turned into a blockbuster movie bearing the same name. Starring Leonardo di Caprio, Margot Robbie, Jonah Hill, and others directed by Martin Scorsese, it made a big contribution to Belfort’s net worth.
The sequel Catching the Wolf of Wall Street: More Incredible True Stories of Fortunes, Schemes, Parties, and Prison, was again a success in Belfort’s authoring journey. The third and final book of his memoir series, Way of The Wolf was yet another bestseller.
Apart from receiving royalty from the movie business, his book sales earnings are also considerable. While there are no specific reports, it is worth $10 million approximately. On the other hand, Jordan is also a motivational speaker, and his engagements throughout the year earn him approximately $9 million.
Therefore, the total figure from this annual income category is around $18 million.
Luxurious New York City home
If you look at his interviews, YouTube videos, and news articles, Jordan Belfort lives a lavish life. His residential property in a posh area of New York City is worth over $27 million.
The house covers a vast area of 10,000 square feet, which is no less than an entire avenue. However, considering the volatile situation of the real estate industry at the moment, determining the exact cost of the property seems tough.
Exclusive movie rights
Jordan Belfort wrote a bestselling book and sold the rights of the same for $50 million. The movie’s release took place in 2013, and its total earning was worth more than $400 million. However, later there was news of fraudulent funding of this movie leading to legal proceedings initiated by Belfort.
According to the United States Department of Justice, the funding of this movie was partly illegal. After investigation, it became clear that stolen money from the Malaysian government was part of the movie budget.
After seven years of the release of The Wolf of Wall Street, Belfort moved the court in 2020 against the production company, Red Granite. The lawsuit stated misinterpretation, fraud, contract breach, unfair dealing, good faith convenience, and RICO violation.
Jordan’s decision was contract nullification and a damage compensation worth $300 million. Per his statement, there were no chances of an agreement or contract if there was any prior idea of such misinterpretation. However, there is still no conclusion regarding the case verdict and penalty.
Viral CryptoPunk #6033 purchase
Belfort has recently grown in stature in the world of non-fungible tokens (NFTs). He eagerly embraced the NFT community and used an auction to earn $422,000 for charity.
In October 2021, Belfort expressed his interest in the NFT industry through a Twitter post. In it, he mentions how he was in awe of the crypto world and that he would never leave it.
Belfort further informs his 600,000 followers about paying 102 ETH, or $178,393, for CryptoPunk #6033 on the OpenSea market. He also announced that a collection of NFTs with artwork influenced by his life and the film The Wolf of Wall Street will have a 2021 release.
Collection of cars
Belfort’s fetish for cars, gadgets, and toys is not a secret. His collection of cars is worth millions of dollars. Some of the notable ones that he owns include a Ferrari 512 TR, a Jaguar XJ-S, Mercedes-Benz SL, Porsche 911 Carrera, an Alfa Romeo Spider Quadrifoglio, Lamborghini Countach, Bentley Azure, and Rolls-Royce Ghost.
Peak and restitution order
Belfort’s early experiences and education are the groundwork for Belfort’s career as a stockbroker and subsequent founding of his own business, Stratton Oakmont.
Belfort made $50 million in a year at the height of the murky business activities in 1998. Jordan Belfort peak net worth during this period was approximately $400 million, post-inflation adjustments.
However, after his confession about fraudulent financial ventures and other offenses, there was heavy stock-market manipulation the next year. It was the beginning of his downfall. He was given a four-year prison term and forced to repay the victims of his schemes with approximately $110 million in reparations.
Nevertheless, he only completed 22 months of the sentence because of a plea agreement with the FBI. He only paid $11.6 million in restitution in 2021, leaving the remaining $98.4 million unpaid. It is unclear yet if the whole restitution will ever be paid or, if it is, when and how.
The story of the rise and fall of Jordan Belfort net worth is nothing short of a roller-coaster. It speaks of the impact of greed and how someone can rise from the ashes again. Belfort’s fortune and fame, followed by his downfall and comeback, is a lesson for everyone. His life exemplifies why ethical standards and consciousness are two things one should always maintain.