Who is Jordan Belfort and the life story of the "Wolf" of Wall Street

   Who is Jordan Belfort and the life story of the "Wolf" of Wall Street

1. Who is Jordan Belfort?

Jordan Belfort real name Jordan Ross Belfort was born on July 9, 1962 in New York City, USA. He is currently an active speaker and a well-known stockbroker on Wall Street. Jordan possesses a natural gift of a businessman, invests well and showed that talent at a very young age.

In 1990, while working as a stockbroker, he made millions of dollars through Stratton Oakmont, an investment company he owned. However, when the law was tightened, his career encountered many difficulties and events. Even Jordan Belfort was sentenced to 22 months in prison for fraud.

When he was released from prison, he wrote the memoir "The Wolf of Wall Street" to recount his life. The book received a large reception from readers around the world, even being turned into a movie. Since then, he has decided to follow the path of becoming an author and speaker until now.

Education

Jordan Belfort completed high school and enrolled in dental surgery at the College of Baltimore. However, he dropped out midway and then earned a bachelor's degree in biology from American University.

2. Jordan Belfort's career path

The entrepreneurial genius of a business genius

Belfort was born in the Bronx area of ​​New York City and raised in the coastal city of Bayside, Queens. That helped him a lot in his first business deals when he was 16 years old.

Realizing that the number of tourists flocking to the Bayside area to vacation is very large, the sales service here is not too developed, helped him come up with a business idea. Jordan decided to sell ice cream to tourists here when he realized that no one had done it here.

Belfort contracted with a local ice cream distributor to buy a box of 100 scoops of ice cream for $7 and resell it for $1 a cup. After only 45 minutes of stepping into the sea, Jordan made his first $100. By the end of that summer, Jordan and his friends had earned $25,000.

From the success right from the start, it motivated him to know what his abilities and passions are. He then ran a door-to-door meat and seafood business in the eighties. However, the business ultimately failed, when he filed for bankruptcy in 1987, when Belfort was 25 years old.

After that failure, Belfort decided to switch to the field of stock brokerage when he joined a securities company in 1987. From here, he learned a lot of things in this new field, which was also the first step. Get started on the process of becoming a professional broker.

Become the "Wolf of Wall Street"

His first career on Wall Street was working at L.F. Rothschild Securities. However, when the stock market on Wall Street suddenly fell 580 points, he and his colleagues lost their jobs due to the bankruptcy of the company.

However, seven months later, he founded his own company, Stratton Oakmont, with 13 employees. The company's goal is to sell cheap stocks to the rich. However, at that time, the company was too small and did not have a reputation, so the business faced many disadvantages.

However, only two years later Jordan and his associates became rich from "illegal" stockbroker deals. He sold a total of 120,000 USD and made nearly 1 million USD a week at the age of 26. Even then, he also earned 12.5 million USD after only 3 minutes of dealing with customers thanks to his "nefarious" deals.

His sudden wealth gave him a lavish, high-class life that many people dream of. However, in 1992, the Stratton Oakmont company had to suffer the consequences of its illicit transactions when the law was tightened. During the following years, he struggled with lawsuits demanding compensation from customers. Finally, "Wolf of Wall Street" received a 22-month prison sentence.

After being released from prison, he decided to return to his salary and become a motivational speaker to earn money for everyone. Besides, he still received invitations to advise on securities for 50 large companies in the world.

3. Jordan Belfort's Achievements

Jordan Belfort has published two autobiographical books, "The Wolf of Wall Street" and "Catching the Wolf of Wall Street". These two books have been translated into 18 different languages ​​and published in 40 countries around the world. His work was also adapted into a famous Hollywood movie.

Past experiences have made Belfort a famous speaker. He is a regular guest of CNN, CNBC, Sky News and BBC channels with a fee of 100,000 USD per hour of speech. Also thanks to the income helps him continue to repay the amount of compensation after the previous crimes committed.

Here are 10 famous Belfort philosophies for success:

1. "If you want to be rich, you must never give up. People tend to give up. If you have perseverance, you will rise above others. More importantly, you will learn. many things. When you do something, you may fail. But that doesn't mean you're a failure. It's because you haven't learned enough. Do it differently each time. One day you will. do it right. Failure is a friend."

2. "When you live a poor life, you are indirectly destroying the lives of those around you, especially those you love".

3. "Successful people 100% believe that they are masters of their own destiny, they are independent of their circumstances, they create their surroundings, and if the surroundings get in the way, they will change them."

4. "It doesn't matter what your past is, you are not your past, you are the resources and abilities you derive from it. And that is the basis for all change."

5. "Act as if you are a rich person, really rich, and then you will definitely become rich. Act as if you have unprecedented confidence and then everyone is certain of it. will believe in you. Act as if you have had unprecedented experience and then everyone will follow your advice. And act as if you have achieved great success, and certainly like it. I stand here today - you will succeed."

6. "If you give people a big enough reason, they'll always find a solution to do it."

7. "I believe that if you want to be rich, you must program your mind to get rich. You must get rid of all the thoughts that have made you poor and replace them with new thoughts -Thinking rich."

8. "The only thing between you and your goal are the bullshit stories you keep telling yourself why you can't get there."

9. "Winners often use words like 'must' and 'will'.

10. "The easiest way to make money is to create something of value that people want and bring that value to market, the money will automatically come to you."

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