Last updated on January 9th, 2023 at 01:41 pm
Early life
Following his graduation, Belfort landed a job at a brokerage firm in the Wall Street area of New York City. After moving on to another firm, he was earning $100,000 by the time he was 25 years old. At this time, however, the stock market crashed and Belfort lost his job. Not to be deterred by this setback, he soon established Stratton Oakmont as a franchise of Stratton Securities, then later bought out that company’s portion of the firm.
After establishing himself as a shrewd and successful entrepreneur with an insatiable appetite for money and adventure—as well as for drugs and other vices—Belfort committed numerous securities frauds through Stratton Oakmont that resulted in his conviction.
Personal life
Belfort married his first wife, Denise Lombardo, while still in college. They divorced soon after he began work at LF Rothschild. Belfort was married to Nadine Caridi from 1991 until their divorce in 2005. They had two children together: a daughter named Chandler and a son named Carter Belfort.
After having been arrested for selling unregistered stocks and participating in a scheme that involved stock manipulation and money laundering, Belfort pled guilty to fraud and related crimes in 1999.
He served 22 months of a four-year prison sentence as part of an agreement under which he gave testimony against numerous partners and subordinates in his fraud scheme.
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He paid $110,000,000 plus interest toward restitution to the victims of the scams that he perpetrated or was involved in perpetrating while running Stratton Oakmont as part of the agreement under which he pleaded guilty to fraud-related crimes; another 150 million dollars are still owed on this debt today; however, Belfort’s published accounts state that he has paid back all monies owed as required by law (which is true).
Belfort’s memoirs have been adapted into two major motion pictures: The Wolf of Wall Street (2013), directed by Martin Scorsese, starring Leonardo DiCaprio as Jordan Belfort; and Boiler Room (2000), directed by Ben Younger, starring Giovanni Ribisi as Seth Davis.
A feature film based on The Wolf of Wall Street is currently being produced with Paramount Pictures planning on releasing the film sometime around late 2017 or early 2018.
Belfort appeared as himself in the music video for “Money Make Her Smile”, a song by Bruno Mars from his second studio album Unorthodox Jukebox (2012). The music video was released worldwide on September 17, 2013.
In 2015 Belfort co-founded a marketing company selling seminars in motivational speaking with former business partner Danny Porush; called The Motley Foolish.[citation needed]
In 2016 media reports indicated that 53 cars parked at various locations.
Career
Jordan Belfort is an American former stockbroker, motivational speaker, and author of two memoirs, The Wolf of Wall Street and Catching the Wolf of Wall Street. As founder of the brokerage firm Stratton Oakmont, he was involved in pump-and-dump schemes. In 1999, he pleaded guilty to fraud and money laundering and was sentenced to prison.
Family
Jordan Belfort was born in 1962 to an accountant and a homemaker. He grew up in Bayside, Queens, and went to American University with hopes of becoming a dentist. After dropping out, he got a job at L.F. Rothschild as a broker. In 1987, the stock market crashed and L.F. Rothschild went under, leaving Belfort unemployed for some time before he formed Stratton Oakmont – the penny stock brokerage firm that would eventually become the subject of his memoir “The Wolf of Wall Street.”
In 1991, Jordan Belfort married Denise Lombardo in Las Vegas after they met at a party hosted by mutual friends while she was visiting New York from Long Island where she had grown up on her family’s farm (source). Their first daughter Chandler was born later that year followed by their second daughter Chelsea in 1993.
The couple divorced in 2005 after Jordan pleaded guilty to securities fraud and money laundering charges (source). In 2008, just three years after his divorce from Lombardo was finalized, Belfort reportedly married Anne Koppe whom he met through one of his employees during his Stratton Oakmont days (source).
Education
Jordan Ross Belfort is an American author, motivational speaker, and former stockbroker. In 1999, he pleaded guilty to fraud and related crimes in connection with stock-market manipulation and running a boiler room as part of a penny-stock scam. Belfort spent 22 months in prison as part of an agreement under which he gave testimony against numerous partners and subordinates in his fraud scheme. Belfort published his memoir The Wolf of Wall Street which was adapted into a film and released in 2013.
Belfort was born in 1962 in the Bronx borough of New York City to a Jewish family. His parents Leah (née Goldberg) and Max Belfort are both accountants. He was raised in Bayside, Queens.
Relationship
While Belfort has been married to their wife, Chloe Belfort, for more than a decade and had two children with her, the con man is no stranger to extramarital affairs.
He dated Nadine Caridi for a few years before marrying and later divorcing her. They were together from 1985 until 2005 and she was known as “the Duchess of Bay Ridge” because of how many Long Island events she frequented.
She later moved to England where she married John Macaluso who is the former CEO of Wizard World. The couple had three children together — London, Milan, and Phoenix.
Before Caridi, he dated Denise Lombardo in 1984 but their relationship didn’t last long either.
However, they remained friends after they split up and Lombardo became a stockbroker at Stratton Oakmont in 1987 at Belfort’s request — something that happened after an encounter at a wedding reception where he recognized her from their time together but couldn’t remember her name so he simply said, “Denise! You look great! You should be working for me!”
Denise Lombardo (@lombardodenise) • Instagram photos and videos (www.instagram.com)In 1995 his extramarital affair with Anne Koppe became public during his divorce proceedings from Caridi which prompted Judge Ira Gammerman to ask him whether or not he had any other women on the side while he was still married to his second wife — to which Belfort responded by saying that he didn’t know what constituted adultery.