Our calculations suggest Jordan Belfort’s net worth is close to -$40 million when considering his sizable income and outstanding -$97.5 million debt to 1,513 victims of the Stratton Oakmont scam.
News articles suggest Belfort is not fully committed to paying back the victims of his fraud and how he charges up to $40K per ticket for private workshops, payable in untraceable Bitcoin. Belfort also makes $9 million annually from his motivational speaking tour and has a significant investment in Delos Living.
Jordan Belfort is a disgraced multi-millionaire former stockbroker convicted of fraud and spent 22 months in prison. Today, he is best known as the author of The Wolf of Wall Street, an interesting memoir about his rise to power and eventual fall. But what is Jordan Belfort’s net worth? And how did he make his fortune? Read on to find out!
Jordan Belfort’s Net Worth
No one knows exactly what Jordan Belfort’s net worth is, but we estimate it is at -$40 million. This is calculated by news reports of his earnings, investments, and court cases.
Belfort still owes victims of his Stratton Oakmont scam $97.5 million. Still, he also owns undisclosed investments in Delos Living and earns a reported $9 million yearly from his speaking engagements. Considering his expensive $10 million palatial home and the money he raised from an NFT launch, we estimate Belfort’s net worth to be closer to -$40 million.
Is Jordan Belfort Paying Back His Victims?
50% of everything Belfort earns today is supposedly paid into a fund to repay the victims of his infamous pump-and-dump scam. Belfort has been to court to try to minimize repaying what he owes to victims of his scam, but in 2018, a court ordered him to pay more.
In 2018, Belfort had to be taken to court to hand over a trivial $19,500 in royalties from a book sequel to Wolf of Wall Street. Bloomberg quotes, “After a decade as a deadbeat who failed to repay victims of his boiler room fraud, Jordan Belfort agreed to fork over almost $19,500 in royalties from a sequel to his “Wolf of Wall Street” memoir, which was turned into a movie.”
US prosecutors claim “Jordan Belfort, the “Wolf of Wall Street,” isn’t just a con, but also a deadbeat.”
According to a 2014 letter from prosecutors sent to the judge overseeing his compensation agreement, “Belfort has paid $11.6m of the required $110.4m into the fund.” The letter suggests he has been withholding payments and is in default of his agreement.
In 2018, a Bloomberg article highlighted that US prosecutors claim Belfort is not paying his debts.
Belfort’s current lavish lifestyle suggests he is not in debt at all.
Jordan Belfort’s Current Income
Belfoly makes plenty of money, an estimated $9 million yearly from speaking engagements, plus profits from Crypto and NFT investments and schemes. With a $10 million mansion and a sizable income stream from Delos Living, Belfort cannot be described as poor.
Income from Delos Living
US District Judge Ann Donnelly denied Belfort’s objection and issued an order granting the government permission to take 100 percent of his stake in Delos, a wellness real estate and technology company.
Income From Crypto & NFTs
Belfort has invested in numerous crypto projects, including Squirrel NFT and Pawtool, a blockchain pet rescue project. He even paid $423K for CryptoPunk and launched his own NFT, which is a good source of income as Crypto payments are largely untraceable income.
$9 million per year for his speaking tour
Belfort makes a reported $9 million yearly from courses and speaking engagements. The US Attorney’s office for the Eastern District of New York claims that “Belfort made approximately $9 million in speaking fees between 2013 and 2015.”
In 2014, Belfort claimed, “I’ll make this year more than I ever made in my best year as a broker,” Belfort told a conference in Dubai today. “My goal is to make north of $100 million, so I am paying back everyone this year.”
Those victims are still not paid back.
— Jordan Belfort (@wolfofwallst) October 25, 2022
Belforts $40,000 per ticket mastermind sessions
Meeting with Jordan Belfort does not come cheap. Since his rise to fame after The Wolf of Wall Street, Belfort’s life has been in high demand. Meeting with him, whether for a private business consultation or to hear his advice on the stock market, can cost anywhere from $40,000 to $100,000, usually paid in untraceable Bitcoin. Those wishing to have an in-depth conversation with him can expect to pay even more. These exorbitant fees reflect his admirer’s demand to indulge in his celebrity.
Had a great time this weekend at my first ever Crypto Mastermind. Can’t wait to do this again soon- are you coming to the next one? pic.twitter.com/hQn3XRX0Q5
— Jordan Belfort (@wolfofwallst) April 11, 2022
Belfort Grifting in Cryptocurrency – Investigation by Coffeezilla
Belfort’s book “The Wolf of Wall Street” is a captivating and gritty biography that sheds light on his manipulative career.
There is no doubt Belfort is a gifted motivational speaker, salesman, and influencer. He highlights this skill in his book “Way of the Wol.”.
Another highly acclaimed book, “Catching the Wolf of Wall Street,” follows from the original “Wolf of Wall Street” book, with plenty of gripping content and stories.
The history of Jordan Belfort’s life
Jordan Belfort was born into a middle-class family in Brooklyn, New York, and no one could have predicted the incredible journey ahead of him. As he grew, Belfort had a passion for stock trading and quickly began making his first ventures in finance. Soon enough, his success rocketed him to fame and fortune.
After establishing his brokerage firm based on Wall Street, he began his legacy as one of the most infamous stockbrokers ever seen on Wall Street. With an unquenchable drug-fueled drive and determination, he masterminded one of the biggest Wall Street boiler room pump and dump scams in history.
The release of his memoir “The Wolf of Wall Street,” written while serving a 22-month prison sentence, made him famous as the self-named Wolf of Wall Street.
The release of the film “Wolf of Wall Street” glamorized his life and kicked off a large fan following, which he uses to sell tickets to his speaking tour.
The “pump and dump” that made Belfort infamous
Jordan Belfort’s legacy in the financial world will forever be tainted with claims of fraudulent schemes, the most famous being his “pump and dump” technique. This devious plot involved conspiring with cohorts to promote a stock at inflated values before privately dumping them off for massive profits.
Belfort was largely successful in this venture before facing criminal prosecution and consequences from the US Securities and Exchange Commission. His schemes gave birth to the term “boiler-room operation,” a reference to the aggressive sales tactics used to increase the value propositions of securities.
Belfort’s stunning rise of power was ultimately matched by an equally steep fall from greatness, immortalizing him in pop culture lore as one of Wall Street’s notorious figures.
Jordan Belfort’s imprisonment and fine.
In 2003, Jordan Belfort was apprehended by federal agents and charged with securities fraud and money laundering. After a lengthy trial, he was sentenced to four years in prison, along with a hefty fine of $110 million, which included restitution to the victims of his financial frauds.
Although he was initially released after serving 22 months in prison due to cooperating with the government’s investigation, he was required to fulfill his financial obligation to regain his freedom.
Belfort has since become a motivational speaker and author, chronicling his tumultuous journey on Wall Street and offering inspiring advice to others aspiring for success.
Jordan Belfort’s current lifestyle
Jordan Belfort, the infamous “Wolf of Wall Street,” claims to have changed his life drastically since his days at Stratton Oakmont. He now says he lives humbly and focuses on material donations to charity, but the New York Times documents that “he lives in a palace stacked with alcohol and opulence.”
Jordan Belfort’s charity work
Jordan Belfort, of The Wolf of Wall Street fame, says he has come a long way since his adventures as a scam artist. He now claims a new lifestyle focused on philanthropy.
Belfort notes his large donations to charities, but strangely there is scant record of his charitable contributions on any reputable news site.
Additionally, Belfort makes regular public appearances lecturing on the dangers of excess and misguided decision-making – something he knows all too well. Though he has been through plenty of ups and downs in his life, Jordan Belfort still seems to be living it up in luxurious style today.
Jorden Belfort and Crypto
Jordan Belfort, the former penny-stock kingpin, has made a name for himself in the cryptocurrency world in recent years. While Belfort has had mixed success in crypto investments, his strong opinions on how to approach this emerging asset class have earned him respect from within the industry and huge skepticism from the broader finance community.
In a case of divine retribution and extreme irony, Belfort was scammed by a hacker who stole $300K from his crypto wallet.
Is Belfort a reformed character?
Joining the cryptocurrency scam bandwagon suggests that Jordan Belfort is not reformed. Using his celebrity to market a worthless asset to his fans is not a good look. Charging upwards of $100,000 for a private meeting, living in a palatial home, and having served a “mellow” 22 months in prison on ten securities fraud counts is not a tough lesson for a convicted scammer.
Joel Cohen, former US Assistant Attorney, claimed, “My sense is that he is only half-repentant, for whatever reason – whether he thinks it sells books and movies better. He says he is sorry to his victims, but on the same token, he tells the world that only 5 percent of his behavior was criminal.”
Vanity Fair quoted Belfort in 2014 as saying “his 22 months in a California prison as “a boys’ club.” Belfort had Tommy Chong (of Cheech and Chong fame) as a bunkmate and said the whole experience was “completely mellow.” He says, “I played tennis three hours a day, and I’d write for maybe 12.” How’s that for justice?”
Is he reformed? Decide for yourself.
How much is Jordan Belfort worth?
After investigating 14 years of news reports and court filings, we estimate Belfort’s net worth to be -$37 million.
Based on his reported business dealings, he is worth at least $60 million, but he has an outstanding debt to victims of his scam of -$97.5 million.
14 years’ worth of newspaper reports and court filings suggest Jordan Belfort is wealthier than he claims. Most of Belfort’s money was seized by the government in restitution for his crimes, but since his Wolf of Wall Street fame, he has been generating a lot of cash and even claimed in 2014 that he would make $100 million from his speaking tour.