Who is Carter Belfort?
Carter James Belfort was born on 15 August 1996 under the zodiac sign of Leo, in New York City, USA. He’s a 25-year-old marketing specialist and strategic manager, but probably best recognized for being the son of the famous American entrepreneur, author, former stockbroker, convicted felon Jordan Belfort, infamously known as The Wolf of Wall Street.
How rich is he, as of now? Carter Belfort Net Worth
As of late-2021, Carter Belfort’s net worth is estimated at over $2 million; earned through his successful involvement in the business industry. On the other hand, his father Jordan’s current net worth is a negative balance of about $100 million.
Early Life, Parents, Siblings, Nationality, Ethnicity
Carter Belfort spent his early years in his hometown of New York City, where he was raised by his father, Jordan and his second wife, model Nadine Caridi.
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His parents tied the knot in 1991, but later separated and divorced in 2005; the reasons for their separation was domestic violence fueled by his father’s problems with drug addiction and infidelity. Carter has an elder sister named Chandler Belfort. He holds American nationality and belongs to White Caucasian ethnic group.
Educational Background
Regarding his education, Carter attended the private Vistamar School, located in El Segundo, California, from which he matriculated in 2014. Thereafter, he furthered his education at the private Muhlenberg College, in Allentown, Pennsylvania, and later transferred to Los Angeles Film School, where he obtained his Bachelor’s degree in Arts, Entertainment and Media Management in 2018.
Professional Career
According to his LinkedIn account, Carter Belfort did an internship at ROAR, a global media and entertainment company that represents actors, directors, writers and musicians, working there for four months from May to August 2017. Following his graduation, he landed a job as a marketing intern at the marketing and advertising company Elevator Studio in November 2019. Five months later, he took an opportunity to work as the vice president of brand development at his father’s company Straight Line Solutions in March 2020. The following month, Carter was also hired to serve in the position of a full-time strategic marketing special at his father’s second entertainment company, Global Motivation Inc.
Furthermore, he’s also a singer-songwriter, who has released two mixtapes, entitled “The Drunken Poet” and “Off The Soul”.
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Personal Life and Appearance
Carter Belfort isn’t very open when it comes to his personal life, and has managed to keep all the information about it away from the eye of the public, so his current relationship status is a mystery. His residence is in Los Angeles, California.
Speaking about his appearance, Carter has short dark brown hair and hazel eyes. Information about his height, weight, vital statistics, biceps size, and shoe size isn’t available.
Who is his father? Jordan Belfort Short Wiki/Bio
Jordan Ross Belfort was born on 9 July 1962 under the zodiac sign of Cancer, in The Bronx, New York City USA. He was raised with his elder brother Robert, in a Jewish family in Bayside, Queens by his parents Max and Leah Belfort, who were both accountants. He attended Bayside High School, where he and his friend earned $20,000 by selling Italian ice from coolers to people at a local beach.
Upon matriculation, he enrolled at, and obtained his degree in Biology from American University in Washington DC. He then used the money with his friend to pay for a dental school, so he enrolled in the University of Maryland School of Dentistry; however, he left it after the first day, when a faculty member told him that he wouldn’t make a lot of money as a dentist.
Career Beginnings
Jordan Belfort started his career by working as a door-to-door salesman of meat and seafood on Long Island, New York. Subsequently, his meat-selling business grew enough to employ several people, selling around 2,300kgs every week. However, the business eventually failed, and he filed for bankruptcy at the age of 25.
He then took a job as a trainee stockbroker at L.F. Rothschild, where he worked until he was made redundant after the Black Monday stock market crash in 1987, but continued his career working for several other financial companies
Stratton Oakmont
After gaining enough knowledge and experience, Jordan Belfort started his own company in 1989, co-founding an “over-the-counter” (OTC) brokerage house called Stratton Oakmont, together with Danny Porush. The company became the largest OTC company in the US in the 1990s, responsible for the stock launch of 35 companies, such as Steve Madden Ltd. It operated as a boiler room that marketed penny stocks, and used the “pump and dump” schemes, a form of securities fraud, to defraud its investors.
At the height of its success, the company employed over 1,000 stockbrokers, and supposedly had more than $1 billion under management. However, the company’s transactions were under near-constant scrutiny from the National Association of Securities Dealers (NASD). In April 1996, the New York District Business Conduct Committee prohibited them from conducting principal retail transactions for a year. In December of the same year, the company was kicked out of the NASD, and put out of business.
Restitution
In 1999, Jordan Belfort was accused of securities fraud and money laundering. He pleaded guilty, and admitted that he manipulated the stocks of more than 30 companies through the “pump and dump” scheme that led investors to lose around $200 million.
He was then sentenced to spend four years in jail, but actually served less than two, in exchange for a plea deal with the FBI. He was also ordered to repay $110.4 million that he defrauded from more than 1,500 clients and stock buyers. To date, he has apparently only returned around $10 million.
Writing Career
In 2007, Belfort published his first memoir, entitled “The Wolf Of Wall Street”. It was turned into a 2013 film of the same title, directed by Martin Scorsese and starring Leonardo DiCaprio, Margot Robbie and Jonah Hill. His second memoir, “Catching The Wolf Of Wall Street: More Incredible True Stories Of Fortunes, Schemes, Parties, And Prison”, out came in 2009, and he subsequently wrote the self-help book “Way Of The Wolf: Become A Master Closer With Straight Line Selling”, in 2017.
Motivational Speaking
Following his release from prison, Jordan Belfort launched his career as a motivational speaker, going on to even tour Australia, where he held live seminars called “The Truth Behind His Success”. He also created seminars named “Jordan Belfort’s Straight Line Sales Psychology”. The main topics of his presentations are the importance of ethics in business, and learning from mistakes. He‘s also founded the business called Global Motivation, Inc.
