Jordan Belfort ' The Wolf Of Wall Street '

1285 WordsMay 10, 20176 Pages
Bhumi Patel Mr. Grosse US History May 4, 2017 Jordan Belfort “The Wolf of Wall Street” Jordan Belfort, better known as “The Wolf of Wall Street”, is a man who lived the high life of the top one percent of the upper class America. Belfort by definition is not a man who is commonly referred to in our history as a man who is looked upon. Belfort is known as a former stockbroker, but is currently a motivational speaker and an author. Belfort lived a life very well abusing everything he had whether it be money, drugs, power, etc. After living such lifestyle and getting arrested he has made a turn around for himself and speaks to influence others to not making his same mistakes. Jordan Ross Belfort was born on July 9,1962 in the city of…show more content…
Belfort searched desperately for a job which he found at the Investors Center which was a penny stock house where he learned you make a fifty percent profit off of each stock he sold. In terms, if you sell a ten thousand dollar stock you make five thousand off of that stock. Belfort realized he could convince the people who generally buy penny stock to buying higher stocks for more profit. Belfort used a strategy called "pump and dump" where brokers forced stocks on unsuspecting clients, which inflated stock prices and then the company would sell off its own holding in the stocks for a high profit. Slowly he taught other brokers to persuade unsuspecting clients to buy overpriced stock as well. Belfort soon realized he needed to expand and so he created Stratton Oakmont. Things took off after the creation of Stratton Oakmont, Belfort and his band of brokers were making thousands daily. He had once again returned to the world of the "Masters on the Universe". As Stratton expanded, Belfort grew into what he calls his insanity phase. On the daily, Belfort described how he abused drugs such as Xanax, Adderal, Cocaine, Morphine, Lemmons, and basically anything he could get his hands on. Belfort 's all time favorite drug was the Quaalude. A Quaalude (methaqualone) is a drug synthetic nervous system depressant in medical terms. This drug causes those who take it to feel a sense of
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