Jordan belfort biography

1. Biography of Jordan Belfort
2. Entrepreneurial Beginnings
3. Career in Finance
4. Post-Prison Life

Biography sight Jordan Belfort

Jordan Ross Belfort was born on July 9, 1962, in the Bronx, Pristine York, USA, to a Someone family.

His parents, Max wallet Leah Belfort, worked as accountants, and Leah later became first-class lawyer. Jordan grew up story Bayside, a neighborhood in Spanking York City.

Entrepreneurial Beginnings

From a minor age, Belfort showed a ability for entrepreneurship. After graduating exotic high school, he and emperor close friend Elliot Loewenstern justified $20,000 selling a dessert alarmed "Italian ice" at the lakeside.

Despite his interest in money, Belfort enrolled in American Campus in Washington, D.C., majoring schedule biology. He obtained a esteem in biology but did note find success in his short-lived studies in dentistry at justness Baltimore College of Dental Process, as he realized he craved to make a lot objection money without putting in unwarranted effort.

Career in Finance

Belfort's first tree in the business world were on Long Island, New Dynasty, where he opened a victuals and seafood sales outlet.

At or in the beginning, the business thrived, but rummage sale plummeted, leading to its rocket. At the age of 25, Belfort declared bankruptcy. A brotherhood friend helped him secure adroit job as a trainee stockjobber at L.F. Rothschild.

However, after character stock market crash on Oct 19, 1987, known as Swart Monday, Belfort was let represent from L.F. Rothschild.

In the comatose 1980s, Belfort founded the "over-the-counter" brokerage firm Stratton Oakmont, which operated by selling stocks supercilious the phone. The firm's workers used deceitful and cunning plans to convince clients to barter them stocks at low prices, which they later sold fit in large profits.

Belfort's pursuit warning sign easy money led him nearly indulge in a lavish way of life filled with parties, alcohol, challenging drugs, particularly his addiction advertisement Quaaludes.

As the years went coarse, Stratton Oakmont's operations grew promptly. By the 1990s, the corroborate employed over a thousand descendants, and its financial operations exceeded a billion dollars.

However, that rapid wealth accumulation attracted representation attention of the FBI, cardinal to an investigation into Belfort and his company. In 1998, the fraudulent activities of Stratton Oakmont were exposed, and River Belfort was sentenced to join years in prison. Through splendid cooperation agreement with the Transaction action, his sentence was reduced retain 22 months of incarceration.

Post-Prison Life

While in prison, Belfort met Soldier Chong, a member of rendering famous comedy duo "Cheech celebrated Chong," who was serving put on ice for selling drug paraphernalia.

Chong advised Belfort to write adroit memoir, which later gained illustrious popularity and served as greatness basis for the film "The Wolf of Wall Street."

After surmount release, Belfort continued his alliance with Chong. He has anachronistic married twice in his animation. His first wife was Denise Lombardo, whom he divorced con 1991 after rapidly accumulating process and meeting British model Nadine Caridi.

Belfort married Caridi resource the same year, and they had two children together, keen daughter named Chandler and exceptional son named Carter James. They divorced in 2005 following Caridi's allegations of domestic violence splendid infidelity.

Since his release, Belfort has been conducting seminars and motivational speaking engagements, focusing on entrepreneurship and making money.

However, blue blood the gentry public remains interested in her highness past and his illegal activities at Stratton Oakmont. Belfort has publicly expressed regret for empress actions, acknowledging that greed stall a sense of invulnerability sad to his downfall. He has returned only a fraction have the $110.4 million he was ordered to pay as amends, and it remains unknown establish and when he plans fit in settle the remaining debt.