The Wolf of Wall Street: The True Story Behind Jordan Belfort

The film “The Wolf of Wall Street” follows the excessive life of stockbroker Jordan Belfort – but is his jet-set life based on a true story?

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The American film by legendary director Martin Scorsese is about the life of Wall Street broker Jordan Belfort, which is characterized by quick money, heady success and fame and a deep fall. Leonardo DiCaprio plays Belfort in the film, and Hollywood greats such as Jonah Hill, Margot Robbie and Matthew McConaughey also star. Martin Scorsese often looks to real life for inspiration, such as in his films Raging Bulls and GoodFellas. But how much truth is there now behind the “The Wolf of Wall Street” film?

We’ll tell you below whether “The Wolf of Wall Street” is based on a true story. But we have more film tips from the horror genre for you here that are based on real events.

The Storyline of The Wolf of Wall Street

+++ Warning: Spoilers for the film “The Wolf of Wall Street”! +++

Young Jordan Belfort gets a job as a stockbroker in the 1980s and is taken under his wing by Mark Hanna, played by Matthew McConaughey in the film. Inspired by the drug and prostitution-driven stock market culture, Belfort loses his job on Black Monday, but soon finds a replacement at a small brokerage firm on Long Island. Despite his success, he quits the job and founds Stratton Oakmont with his friend Donnie Azoff (Jonah Hill). Success was not long in coming, and with it came Belfort’s nickname, “The Wolf of Wall Street.” Successes are celebrated excessively – with wild parties, drugs and prostitutes, often also in the office. Due to an increase in untruthful statements about stocks and illegal tactics, the FBI becomes aware of Belfort and his followers and begins investigating them. As pressure from the FBI mounts, he flees the United States and conducts business from his yacht in the Mediterranean. However, this drops due to a storm and after his return to the USA he is arrested. To avoid a long prison sentence, Belfort agrees to betray his friends and colleagues, only to be betrayed first by his friend Donnie Azoff. As a result, Stratton Oakmont is closed and its assets are frozen and everyone involved is arrested.

Want more true stories? Then follow in the footsteps of Ghostface:

Is The Wolf of Wall Street based on a true story?

The film by cult director Martin Scorsese is actually based on true events and is inspired by Jordan Belfort’s bestselling book of the same name. Belfort began his professional career as a stockbroker at LF Rothschild and after losing his job actually founded Stratton Oakmont with his friend Danny Porush. In the 1980s and 1990s, Stratton Oakmont grew to become one of the largest brokerage firms in the United States with over 1,000 employees and oversaw numerous IPOs for companies worth billions. In his 20s, Jordan Belfort had what many only dream of – a fortune in the millions, homes in prestigious areas, a yacht and a lifestyle similar to the lavish one depicted in the film. His drug addiction is said to have cost him five million dollars at the time. Stratton Oakmont was closed in 1998 due to rogue dealings and fraud with a loss of over $200 million and Belfort was sentenced to four years in prison for securities fraud and money laundering. However, he served only 22 months, as his cooperation with the FBI and the prosecutor’s office had a mitigating effect. A fine of 110 million dollars he also had to pay. Shortly before his prison sentence, he also had his trading license revoked for life.

This is what the life of the “Wolf of Wall Street” looks like today

After his prison stint, The Wolf of Wall Street wrote his bestselling book of the same name, which has been translated into 18 languages. Belfort is said to now live in a beach house on Manhattan Beach, California, and work as a business consultant and motivational speaker. The former stockbroker has to pay half of his earnings to his 1,513 victims.

Haven’t seen The Wolf of Wall Street yet? You can open it here NetflixPrime Video, iTunes and google play repeat.

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