Life & Strategy of Jordan Belfort AKA The Wolf of Wall Street
Jordan Belfort's name conjures images of scandal, power, greed, and wealth; with his extravagant lifestyle and notorious reputation, Belfort's story has captured audiences since the release of his memoir and subsequent film adaptation starring Leonardo DiCaprio.
However, beyond his fame and glamour lies an astonishing tale of cunning business tactics and financial fraud, which ultimately lead to his downfall.
We will explore Jordan Belfort's life and strategy by looking at both his successes and failures and uncovering lessons we can draw from his experiences.
Who Is Jordan Belfort?
Jordan Belfort gained his first taste of notoriety as a salesman in the '80s and early '90s. Today, he still earns a handsome sum speaking at international events as a motivational speaker.
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Following graduation, Belfort joined a Wall Street brokerage firm where he made more money by starting his venture; Belfort founded Stratton Oakmont Stock Brokerage firm specializing in penny stocks.
Belfort's strategy was straightforward: he purchased low-priced, inferior stocks.
He convinced clients to buy them by inflating prices through "pump and dump" before selling when the market price peaked - making massive returns without investing anything worthwhile himself.
This enabled Belfort to turn massive profits without actually investing anything of value himself.
Jordan Belfort's Early Life
Jordan Belfort experienced an upbringing that was filled with hardship. Raised in Queens by parents who worked as accountants but struggled financially, their family culture also played a pivotal role in his eventual success; Belfort's father emphasized hard work ethic and dedication as part of their teachings.
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