Jordan Belfort Biography

Jordan Belfort Interview 60 minutes Wolf with Wall Street Jordan Belfort - Biography of Jordan Belfort - an American broker convicted of trade in cheap promotions and fraud with banking accounts. The prototype of the main character from the film “Wolf with Wall Street”. The American businessman Jordan Belfort has long been included in the most influential financial circles of the States.

He brought world fame to him economic fraud, thanks to which he made a huge fortune. The millionaire published memoirs, which became the basis for the famous painting by Martin Scorsese "Wolf with Wall Street." Like the main character of the film, Jordan from the very beginning of the biography was haunted by dishonestly extracted money, risk and endless deception. Childhood and youth of the businessman was born on July 9 in Bronx, in the Jewish family.

The parents of Lia and Max from an early age taught the son of financial frugality and understanding that material well -being is taking shape on a brick. Jordan dreamed of wealth. Starting to earn at a very young age, he sensed the taste of money and took on any part -time job in order to increase his still slight capital. The guy cleaned snow, sold souvenirs and ice cream on the beach, found other ways to make a profit.

Jordan Belfort in his youth eighteen -year -old Belfort could already be called a young entrepreneur. His little business of the sale of shell necklaces brought up to two hundred dollars a day. Along the way, the young man resold cheap ice cream, offering him on the beach at a higher price. In addition to the founder, three more guys worked in the team.

After school, the young man entered the American University in Washington, having graduated from which he became a certified biologist. Almost immediately, he entered the Baltimore college for a dentist, but after a while he took the documents. One of the teachers at the lecture admitted that the times of great earnings for doctors have passed, and the finances for Jordan were a decisive factor.

The business at the age of twenty -three began to sell meat and fish. The circle of customers was formed quickly, but all these were private individuals. Witches for large customers from neighboring states failed. Then the entrepreneur began to take the goods on credit, and with the money intended for the purchase of products, he purchased trucks and began to do delivery.

Persuading customers to buy, Jordan received some revenue. But, since the risks were not well calculated, this company quickly went broke. Jordan Belfort and Donnie Azoff had to urgently pay with creditors who were encountered from all sides. From an early age, the young man knew that active sales were him, so he decided to try to do brokerage work. He went to the company, trying to sell securities to the chief.

Stunned by the arrogance of the candidate, the leader nevertheless took him to the team.

Belfort was given the position of a callizer, and a few months later he had already received a brokerage license. Having decided to go on free swimming, Jordan opened his own company Stratton-Oakmont, the office of which was located on Long Island. With the help of “cold calls”, employees processed customers, forcing to make for the most part unfavorable transactions. This was the most important component of the work of the company, so Belfort trained novice brokers personally, and he himself formed the regulations of calls.

The technique turned out to be successful, the commission grew every day. There were so many transactions that the employees did not have time to cope with them. The entrepreneur increased the cost of cheap shares with the help of "sundress radio", throwing information beneficial to him into the masses. The company began to earn millions, and the name of its owner was not mentioned anywhere.

Unlucky customers who fell on Jordan's tricks regularly burned out. But the swindler did not even think to admit his guilt. Among his workers, Belfort conducted trainings that motivated to enrich. Inside the team, he created an atmosphere of frantic competition, so the brokers were in constant tone. In Stratton-Oakmont, thousands of young people were now dreaming of getting to get there, who believed that money is made here from the air.

At the beginning of x, there was so much money that I had to think about their safety. Jordan came up with the idea of ​​placing funds in Swiss banks, but such huge amounts to take out were problematic. A childish person in this scheme was a relative of his wife, who lived in Switzerland. By placing money on the accounts, the businessman continued to increase his condition. Along the way, Belfort bought a control package of shares of Steve Madden Shoes.

With the help of dubious operations, he was able to earn several million dollars here. They may be familiar.