Jordan Belfort

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Jordan Belfort (2010)

Jordan Belfort (born July 9, 1962 in New York City ) is an American motivational speaker and former stockbroker . From the end of the 1980s he earned a fortune as a stock trader with his company Stratton Oakmont . In 1998 he was sentenced to several years imprisonment for his involvement in securities fraud and money laundering , shortly before his trading license was revoked for life. In 2007 his memoirs appeared, which were filmed by Martin Scorsese in 2013 under the title The Wolf of Wall Street .

Life

Jordan Belfort was born in New York City to an accountant and grew up there in a middle-class family. He studied at American University and enrolled in a training course as a dentist at the Baltimore College of Dental Surgery, which he dropped out on the first day after the dean told the students that the "golden age of dentistry" was over and this is the wrong education for people who just want to "make a lot of money". He then got by selling meat and seafood for a while before going to Wall Street in 1987 . There he worked briefly as a stockbroker at LF Rothschild . However, the company was closed after the stock market crash on Black Monday and Belfort was initially unemployed. He then hired a small brokerage company in Long Island that mainly sold penny stocks . Thanks to his talent for sales, Belfort quickly had a high income with the penny stocks, the margins of which were much higher than standard stocks .

He then founded the brokerage company Stratton Oakmont with his friend Danny Porush . The company rose to become one of the largest brokerage firms in the United States in the late 1980s and early 1990s, with soon over 1,000 employed stockbrokers. Stratton Oakmont served the IPOs of over 35 companies and managed assets worth billions of dollars. At the age of 26, Belfort was a multimillionaire and from then on made a name for itself primarily through its excessive lifestyle and drug consumption. On the night of June 22nd to 23rd, 1996, he had the captain steer his yacht Nadine into a storm off the coast of Sardinia , where the ship sank. Belfort and the rest of the people on board were rescued by the Italian coast guard .

Stratton Oakmont was banned from the National Association of Securities Dealers for fraud in 1997 and closed by the United States Securities and Exchange Commission the following year . The investors had suffered damage of more than 200 million US dollars by then. Belfort was convicted of securities fraud and money laundering to four years in prison, with his cooperation with the FBI and the prosecutor acted in mitigation. He was released from prison after 22 months. While in detention he met Tommy Chong , who motivated him to publish his life story in book form. After his release, Belfort wrote his memoirs, which quickly became bestsellers and later appeared in a German translation as Der Wolf der Wall Street . The book has been translated into a total of 18 languages. In 2011, Belfort's second book, The Hunt for the Wolf of Wall Street, followed . He was portrayed by Leonardo DiCaprio in Martin Scorsese's biopic The Wolf of Wall Street . Belfort himself had a cameo appearance in the film as a moderator at a sales training session.

Belfort was married twice and has two children from the second marriage. Both marriages ended in divorce.

He lives in Manhattan Beach, California, and works as a management consultant and motivational speaker. Of the total of 110 million US dollars that he was supposed to repay to 1,513 victims since 2003, only 11.6 million US dollars had been paid by 2013, according to the prosecution, including more than 10 million from property confiscated. Although he earned more than $ 1.7 million through royalties on his books, film rights sales, and income from his motivational training sessions, he only paid $ 243,000 to the injured party between 2009 and 2013. Belfort dismissed these as "lies".

Works

  • The wolf of Wall Street. Börsenmedien, Kulmbach 2008, ISBN 978-3-938350-74-4
  • The Hunt for the Wolf of Wall Street: How the incredible story of Jordan Belfort continued. Börsenmedien, Kulmbach 2011, ISBN 978-3-942888-78-3

Web links

Commons : Jordan Belfort  - Collection of Images

Individual evidence

  1. ↑ With film release approaching, 'Wolves of Wall Street' scammers are back on top at nypost.com, accessed July 12, 2013
  2. ↑ a b c d e Crashed Millionaires: Jordan Belfort at welt.de, accessed on July 12, 2013
  3. ↑ Revisiting The Amazing Story Of Jordan Belfort: "The Wolf Of Wall Street" at businessinsider.com, accessed January 26, 2013
  4. ^ A b Jordan Belfort: The real Wolf of Wall Street at independent.co.uk, accessed January 26, 2013
  5. ↑ In the Ashes of His Life as a Broker, Inspiration at nytimes.com, accessed July 12, 2013
  6. ↑ Kenny Wooton: The Longest Night - The Harrowing Final Hours of the M / Y Nadine . In: Yachting , May 1997, pp. 54-57 and p. 86.
  7. ↑ a b c Jordan Belfort: Confessions of the Wolf of Wall Street at telegraph.co.uk, accessed January 26, 2013
  8. ↑ Jordan Belfort The Real Wolf of Wall Street at faz.net, accessed January 26, 2013
  9. ^ The Wolf of Wall Street Can't Sleep at nymag.com, accessed January 1, 2014
  10. ↑ Ex 'Wolf of Wall Street' Says He's a Changed Man on hollywoodreporter.com, accessed November 11, 2013
  11. ↑ "Money is like oxygen": The Wolf of Wall Street preaches to bankers in Frankfurt at Focus.de, accessed on October 30, 2014
  12. ↑ a b c Real 'Wolf of Wall Street' Jordan Belfort still owes millions to victims: prosecutors at nydailynews.com, accessed January 1, 2014
personal data
SURNAME Belfort, Jordan
BRIEF DESCRIPTION American author and motivational speaker
DATE OF BIRTH July 9, 1962
PLACE OF BIRTH New York City , United States