Connect with us

Business Net Worth

Jordan Belfort Net Worth

Published

on

jordan belfort net worth

Jordan Belfort Net Worth

  • Net Worth: $100 million
  • Date of Birth: July 2, 1962
  • Gender: Male
  • Income Source: Entrepreneur
  • Nationality: American

About

Jordan Belfort is immortalized in the movie adaptation of his memoir entitled The Wolf of Wall Street. Belfort was a successful entrepreneur but ended up doing some jail time after getting into trouble with the law. Currently, Belfort is still relatively rich with a net worth of $100 million. Belfort has been married three times, first to Denise Lombardo, the second marriage to Nadine Caridi whom he has two children with, and his third marriage is to Anne Belfort whom he married in 2008 and they are still together to this day.

 

Early Life

Jordan Ross Belfort was born on the 9th of July 1962 in The Bronx, New York City to a Jewish family to parents Max and Lea who were both accountants. Jordan grew up in Bayside, Queens. Belfort was already business minded even when he was young with his first experience of earning relatively larger money when he and his childhood friend Elliot earned $20,000 by selling Italian ice from Styrofoam coolers to people who were at the beach. Jordan went to American University where he studied biology. With the money that he earned by selling Italian ice, he planned to go to dental school. Elliot enrolled at the University of Maryland School of Dentistry. However, on the first day of the school, the dean mentioned that the golden age of dentistry was over and that the profession is not for people who want to earn lots money. Jordan then left university the next day.

Career

In Queens, Belfort worked as a salesman for a seafood and meat company where he started to appreciate the art of selling. In 1987, he decided to become a stockbroker. He then started his own firm which he called Stratton Oakmont in 1990. However, the methodologies that the company was using were allegedly fraudulent and unethical. What is known as the “pump and dump” scheme, Belfort and his partner Danny Porush worked hand in hand in leading the company. The brokers would help inflate the stock prices and at the perfect timing, Stratton Oakmont would sell off its own stock holding earning a nice profit.

With cash steadily coming in, Belfort lived a lavish lifestyle with expensive cars, mansions, and a high-maintenance drug habit. There were also rumors about the kind of treatment that he had with his employees. As no wrong deed goes unpunished, Belfort was caught, tried, and sentenced to four years of imprisonment with a $110 million fine for. He, however, spent only 22 months in jail. Belfort is currently working as a motivational speaker talking about business all around the world and discussing how to achieve success with his many followers.

Career Highlights

While in prison, Belfort wrote about his experiences and entitled his memoir as The Wolf of Wall Street. His life after prison was also detailed by another book entitled Catching the Wolf of Wall Street.

Jordan Belfort Quotes

“The only thing standing between you and your goal is the bullshit story you keep telling yourself as to why you can’t achieve it.” – Jordan Belfort

“Without action, the best intentions in the world are nothing more than that: intentions.” – Jordan Belfort

“Winners use words that say ‘must’ and ‘will’.” – Jordan Belfort

“When you live your life by poor standards, you inflict damage on everyone who crosses your path, especially those you love.” – Jordan Belfort

“You don’t choose who you fall in love with, do you? And once you do fall in love—that obsessive sort of love, that all-consuming love, where two people can’t stand to be apart from each other for even a moment—how are you supposed to let a love like that pass you by?” – Jordan Belfort

“Successful people are 100% convinced that they are masters of their own destiny, they’re not creatures of circumstance, they create circumstance, if the circumstances around them suck they change them.” – Jordan Belfort

“If you want to be rich, never give up. People tend to give up. If you have persistence, you will come out ahead of most people. More importantly, you will learn. When you do something, you might fail. But that’s not because you’re a failure. It’s because you have not learnt enough. Do it differently each time. One day, you will do it right. Failure is your friend.” – Jordan Belfort

“I want you to back yourself into a corner. Give yourself no choice but to succeed. Let the consequences of failure become so dire and so unthinkable that you’ll have no choice but to do whatever it takes to succeed.” – Jordan Belfort

“Act as if! Act as if you’re a wealthy man, rich already, and then you’ll surely become rich. Act as if you have unmatched confidence and then people will surely have confidence in you. Act as if you have unmatched experience and then people will follow your advice. And act as if you are already a tremendous success, and as sure as I stand here today – you will become successful.” – Jordan Belfort

“Whether you say, ‘I can’ or ‘I can’t,’ you’re right either way.” – Jordan Belfort

Jordan Belfort Life Lessons

The Wolf of Wall Street has three main lessons that wants to share especially to business-minded people. These are the hard-earned lessons that Belfort learned after his downfall. First is that it is important for leaders to have a vision. The leader of a company must have a clear idea of where he will lead his team to in the next five or twenty years. With this clear goal, the company can move forward and concentrate their efforts on reaching and making their visions come true. Secondly, it is important to develop the best out of your employees. He pointed out that more than hiring the best employees, it is more important to bring out the best out of your employees. Develop your people. Believe in their potential. Let their ideas flow and allow them to be the best that they can be. Invest in employees by sending them to seminars and training courses, and inspire them to work better by giving out awards and recognitions. Last but not least, Jordan highlights the importance of having the ambition to succeed, because no matter how low he falls, he will have the strength to push forward as he is driven to go after success.

Current Lifestyle

Belfort is currently working as a motivational speaker and is travelling around the world. Many of his properties were taken away from him as a means of payment to the fraud towards his fines. It is rumoured that he is paid $30,000 to $80,000 with some mentioning a $150,000 per speech although these could not be disclosed. It was also reported that the movie The Wolf of Wall Street paid him a royalty of $940,500.

Summary

Jordan Belfort’s life and legacy are still on the works. Although Belfort has become infamous because of the fraud that he was been involved with, he is still among the most influential people in the world of business. The real-life wolf of wall street is still trying to make a suucess of his life discovering the opportunities to correct whatever mistakes he committed before.

Business Net Worth

Kevin O’Leary Net Worth

Published

on

kevin-o-leary-net-worth

What is Kevin O’Leary’s Net Worth?

  • Net Worth: $400 million
  • Date of Birth: July 9, 1954
  • Gender: Male
  • Income Source: Entrepreneur
  • Nationality: Canadian

About

Kevin O’Leary is a Canadian author, businessman, and tv personality. He is known as one of the founders of SoftKey and the O’Leary Fund. He most known for being on the TV series Shark Tank where he has been a prominent invester in many start-ups. His current net worth is $400 million. O’Leary married Linda O’Leary in 1990. The couple have two children Trevor and Savannah.

Early Life

Terence Thomas Kevin O’Leary was born on the 9th of July 1954 in Montreal, Quebec, Canada to parents Georgette and Terry. His mother was a small business owner and investor and his father was a salesman. He has a brother named Shane. Their parents divorced when Kevin was still young. The divorce was mainly due to his father’s uncontrolled alcoholism. Unfortunately, his father died shortly thereafter. Georgette eventually remarried the economist George Kanawaty who was working in the United Nation’s International Labour Organization. Because of his stepfather’s work, their family had to move frequently including living in Cambodia, Tunisia, and Cyprus. In Quebec, he attended Stanstead College and St. George’s School.

O’Leary’s mother was also an investor who was highly skilled and devoted. She invested one-third of her weekly earnings to dividend-paying stocks and interest-bearing bonds. She ultimately gained high returns in her investment portfolio, but her stock earnings and activity were kept secret from her children and was revealed only after her death, at the time of reading her will. O’Leary was strongly influenced by his mother. O’Leary first aspired to become a photographer but heeded the advice of his grandfather and proceeded to enter university and study business and investing. He went to the University of Waterloo where he graduated with a degree in Environmental Studies and Psychology in 1977. He also went to the Ivey Business School of the University of Western Ontario where he finished with an MBA in Entrepreneurship in 1980.

Career

O’Leary started the company SoftKey in a basement in Toronto with business partners John Freeman and Gary Babcock in 1986. This company specialized in publishing and distributing CD-ROM-based personal computer software for both Windows and Macintosh computers. The company was at its peak during the 1990s and became a major consolidator in the educational software market. In 1995, it acquired The Learning Company (TLC) and acquired its name. TLC was eventually acquired by Mattel in 1999. O’Leary also has other business ventures including Storage New Holdings, O’Leary Funds, O’Leary Ventures, and ETF and Investing.

Career Highlights

O’Leary’s career highlights include co-founding O’Leary funds and SoftKey. He was also part of the TV shows Squeeze play, Dragon’s Den, Project Earth, and is currently part of the Shark Tank series. Moreover, he is also part of the Conservative Party of Canada.

Kevin O’Leary Quotes

“I like to take risks. That’s how I make money. But they are calculated risks.” – Kevin O’Leary

“Business is war. I go out there, I want to kill the competitors. I want to make their lives miserable. I want to steal their market share. I want them to fear me and I want everyone on my team thinking we’re going to win.” – Kevin O’Leary

“What are the most important qualities that make a successful entrepreneur? The ability to communicate. The ability to express your idea with certainty. That’s how you become a leader even if you are unsure, your ability to explain your vision and your direction is the attribute you need the most. Articulate your idea in 90 seconds or less.” – Kevin O’Leary

“Nobody has a monopoly on good ideas.” – Kevin O’Leary

“There is a discipline required as an entrepreneur about working to optimize the business. There is no balance in life as an entrepreneur. You can’t expect to work 9 to 5 that’s never going to happen. You have to expect that it is going to consume your life for a period of time. That’s the downside, but the upside is that you buy yourself freedom in perpetuity.” – Kevin O’Leary

“Here’s how I think of my money, as soldiers, I send them out to war everyday. I want them to take prisoners and come home, so there’s more of them.” – Kevin O’Leary

“I’m not trying to make friends, you wan’t a friend? Buy a dog. I’m trying to make money.” – Kevin O’Leary

“Don’t cry about money, it never cries for you.” – Kevin O’Leary

“It pains me to see good entrepreneurs chase bad opportunities.” – Kevin O’Leary

“We need physical exercise to prepare our brain for long periods of concentration.” – Kevin O’Leary

“I’m not planning on giving my kids any of my wealth. They know when their education is over, I’m pushing them out of the nest. The bird you see dead under the nest is the one who didn’t think about the future.” – Kevin O’Leary

“Money has no grey areas. You either make it or you lose it.” – Kevin O’Leary

“The best motivator in the world is money and if that doesn’t work try more money.” – Kevin O’Leary

“You’d rather own gold; not the miner.” – Kevin O’Leary

Kevin O’Leary Life Lessons

O’Leary highlights that, in contrast to the beliefs of many that money is not everything, to him money is the lifeline of a business. He thinks of money as soldiers. He sends them out to war every day and he wants them to take prisoners and come home, so there will be more of them when they return. He added that if some of them die, then that would be bad and if all of them dies, then you are broke. Another mindset of O’Leary is that entrepreneurship is freedom. When he was younger, he worked at an ice cream store but was asked by the owner to scrub off gum from the floor. He refused and was fired. He then realized that he wanted to be successful and not be treated like a slave for the rest of his life. Another lesson that he shared is that the greatest enemy of a business is a bad idea. Bad ideas can kill companies. He also mentioned that passion is not the end goal in life. Once you have passion, you need to find ways to make it work.

Current Lifestyle

Kevin O’Leary is known to spend a crazy amount of money for his food. He claimed that he spends and average of $1,000 per weekday only on food. This is because his work requires him a lot of travelling and so he always goes to restaurants to eat. As he mentioned already, “it is not cheap to eat out every night”. Although he mentioned that this kind of lifestyle is not advisable and is actually a bad example, O’Leary also knows himself as someone with expensive taste. Also, he takes people out for dinner for business and so he buys a great bottle of wine and a great bottle is about $200. He mentioned that he buys great food and wine especially if the business meeting is very important and he always takes care of the tab because he doesn’t want to owe anybody anything.

Summary

Kevin O’Leary is famous for being a very blunt and honest businessman. His success in business is attributed to his hard work and wise decisions as well as being a businessman who is strongly driven by success. O’Leary’s business ventures will continue to ensure his high net worth in the coming years.

Continue Reading

Business Net Worth

Mark Cuban Net Worth

Published

on

mark-cuban-net-worth

What is Mark Cuban’s Net Worth?

  • Net Worth: $4.1 Billion
  • Date of Birth: July 31, 1958
  • Gender: Male
  • Income Source: Entrepreneur, Investor
  • Nationality: American

About

Mark Cuban is a billionaire. He is a businessman, entrepreneur, and investor. Cuban has ventured into many different types of businesses and made a fortune selling startups MicroSolutions and Broadcast.com. He is currently known as the owner of the NBA’s Dallas Mavericks. His current net worth is $4.1 billion dollars. He has been married to Tiffany Stewart since 2002 and has three children Alexis Sofia, Jake, and Alyssa.

Early Life

Mark Cuban was born on the 31st of July 1958 in Pittsburgh, Pennsylvania to Norton and Shirley. His father was an automobile upholster while his mother was someone who has different jobs. Cuban was raised in Pittsburgh. When he was just 12 years old, he sold garbage bags so he could pay for his basketball shoes. He also earned money by selling stamps and coins. When he was 16, he was running newspapers from Cleveland to Pittsburgh. He didn’t attend high school in his senior year but instead enrolled as a full-time student in the University of Pittsburgh for a year. He moved to Indiana University in Bloomington and graduated in 1981 with a degree in Management. He chose Indiana because of the cheap tuition fee compared to other schools in the top 10 list.

Career

Upon graduation, he went back to his hometown in Pennsylvania and worked in Mellon Bank. He learned about machines and networking. In 1982, he moved to Dallas. He sold software and formed his own business entitled MicroSolutions and eventually became an expert in the field of computers and computer networking. He sold the company to CompuServe for $6 million dollars. In 1995, he and business partners started AudioNet which was a huge success. It was renamed to Broadcast.com and went public in 1998. It was later on sold to Yahoo! for $6 billion. In 20001, he purchased his share in the Dallas Maveicks worth $285 million.

Career Highlights

Highlights of Mark Cuban’s career include his investment in the sports team NBA Dallas Mavericks. Another important part of his cares is his participation on the TV show Shark Tank and also the release of his best-selling book How to Win at the Sport of Business in 2011.

Mark Cuban Quotes

“Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don’t do it.” – Mark Cuban

“The best way to predict the future is to invent it.” – Mark Cuban

“Creating opportunities means looking where others are not.” – Mark Cuban

“You just got to stay focused and believe in yourself and trust your own ability and judgment.” – Mark Cuban

“It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.” – Mark Cuban

“Work like there is someone working 24 hours a day to take it all away from you.” – Mark Cuban

“It’s not whom you know. It’s not how much money you have. It’s very simple. It’s whether or not you have the edge and have the guts to use it.” – Mark Cuban

“If you’re prepared and you know what it takes, it’s not a risk. You just have to figure out how to get there. There is always a way to get there.” – Mark Cuban

“Know your core competencies and focus on being great at them.” – Mark Cuban

“Always wake up with a smile knowing that today you are going to have fun accomplishing what others are too afraid to do.” – Mark Cuban

“Effort is measured by setting goals and getting results.” – Mark Cuban

“Treat your customers like they own you. Because they do.” – Mark Cuban

“Success is about making your life a special version of unique that fits who you are—not what other people want you to be.” – Mark Cuban

“It’s not about money or connections. It’s the willingness to outwork and outlearn everyone. And if it fails, you learn from what happened and do a better job next time.” – Mark Cuban

“One of the most underrated skills in business right now is being nice.” – Mark Cuban

Mark Cuban Life Lessons

Mark Cuban is a self-made billionaire and along the way, he has learned many important life lessons. First is that there is no reason that it can’t be you. Upon graduation from college, he didn’t have anything up to the point that he only was eating mustard and ketchup sandwiches. No matter how tough it was and even during the many times that he felt that the odds were against him, he still continued to work harder. As he stated, “the one thing in life you can control is your effort”. As long as you put in effort and are willing to take the challenges head on, and combine this effort with brain power, then there is no reason that it cannot be you who will become successful. He also mentioned the importance of understanding that selling actually requires service and connection. If you can sell, then you can accomplish anything. When you sell something, you are actually just showing them your intention of making their lives better and easier. Last but not the least, Mark is passionate about being debt-free and stated that businessmen should not be a slave to the banks.

Current Lifestyle

Mark Cuban bought a $13 million 24,000 square-feet French chateau-style mansion in Dallas, Texas. The home is situated in the luxurious Preston Hollow neighborhood. It has ten bedrooms, five wet bars, full bathrooms and six half-bathrooms, five fire places, and a wine cellar. There is also a home office with several desks, a few computers, and is where he spends most of his time. The outdoors is also as impressive as the indoors with a full-sized tennis court, a basketball court, and a swimming pool and spa sitting in front of a large cabana. There is also a guest house that is three-storeys high. He also bought a private jet worth $40 million. The plane is a Gulfstream V business jet and his purchase landed him the fourth largest single e-commerce transaction of all time, as determined by the Guinness Book of World Record. Cuban invests a lot of his money in sports teams and in taking care of them. He upgraded the arena’s Jumbotron and also bought the team a new plane which is a $36 million Boeing 757.

Summary

Mark Cuban is a very successful investor and businessman. Indeed, he is the perfect example of achieving something by working hard on it. He is a true rags to riches story, a self-made billionaire.

Continue Reading

Business Net Worth

Lori Greiner Net Worth

Published

on

lori-greiner-net-worth

What is Lori Greiner’s Net Worth?

  • Net Worth: $100 million
  • Date of Birth: December 9, 1969
  • Gender: Female
  • Income Source: Entrepreneur, TV personality
  • Nationality: American

About

Lori Greiner is an American entrepreneur, investor, and TV personality who is most well-known for her participation in the reality TV show entitled Shark Tank.  Greiner is known to be one of the most prolific investors and is also known as “The Queen of QVC” and “Warm Blooded Shark”. Her current net worth is $100 million. She has been married to Dan Greiner since 2010.

Early Life

Lori Greiner was born on the 9th of December 1969 at Chicago, Illinois in United States. She is currently 50 years old. She grew up at Near North Side, Chicago. Lori Greiner spent her college years in the Loyola University Chicago. She majored in Communications. When she was still in college, she experienced working for the Chicago Tribune. Before she rose to stardom, Lori was briefly a playwright. She was also a jewellery designer and seller.

Career

Greiner has an eye for choosing which products have good business potential. In 1996, Lori created and patented a type of plastic earring organizer from J. C. Penny. She paid $300,000 for it. She also has patented a number of other consumer products in many different categories including jewellery storage, travel, economics, household items, electronics, and cosmetic organization. After her deal with J.C. Penny, Lori expanded her company and her products started appearing on the Home Shopping Network. In addition, the products were also featured in the retail store Bed, Bath, Beyond. She eventually transitioned into QVC. In the year 2000, Lori landed her own show which was entitled Clever & Unique Creations. The show is one of the longest ever running TV shows on the network.

Her success gained her a respectable amount of fame. She even got more attention when she became part of the US TV series entitled Shark Talk in the year 2012. In 2014, she invested in Scrub Daddy. The latter is a company dedicated to the production of texture-changing household sponges. This investment became one of the biggest successes in Shark Tank history. She also invested in other projects including Bantam Bagels, a company producing mini-stuffed bagels. The company was later on acquired by the T. Marzetti Company in 2014. She also invested in Squatty Potty, Readerest, Paint Brush Cover, Hold Your Haunches, Drop Stop, FiberFix, Simply Fit Board, Sleep Styler, and Screenmed.

Lori was also an author. In March of 2014, she published the book Invent It, Sell It, Bank It! – Make Your Million Dollar Idea Into a Reality. The book is a guide for entrepreneurs to achieve success.

Career Highlights

One of Lori Greiner’s major career highlights is her participation in the TV series Shark Tank and her great decision to invest in the Scrub Daddy. Also, another highlight of her career is her writing and publishing of the best-selling Invent It, Sell It, Bank It! – Make Your Million Dollar Idea Into a Reality.

Lori Greiner Quotes

“A brilliant idea doesn’t guarantee a successful invention. Real magic comes from a brilliant idea combined with willpower, tenacity, and a willingness to make mistakes.” – Lori Greiner

“You are wise when you listen, especially to people with experience.” – Lori Greiner

“There’s something the same about success and defeat. Both should make you want to work harder.” – Lori Greiner

“I roll out of bed in the morning whenever I want, and I work right away because to me, that’s the life. That’s freedom. The whole point for me is that I love the freedom of being an entrepreneur that I do what I want to do when I want to do it.” – Lori Greiner

“Entrepreneurs are willing to work 80 hours a week to avoid working 40 hours a week.” – Lori Greiner

“I always recommend, if you can, to patent or protect whatever your idea is.” – Lori Greiner

“I’ve always believed you hire character and train skill.” – Lori Greiner

“I had a history for starting something and maybe getting halfway done. Then I’d see the same thing I was doing on the bestseller list. My ideas were right, but I hadn’t them fast enough.” – Lori Greiner

“In business, it is most often all about getting your foot in the door and once you do, everything opens up and things start to naturally progress into bigger and more opportunities.” – Lori Greiner

“There are no no’s, just how can I. You can attain any goal you set out to accomplish. The power of believing in yourself and perseverance goes a long way! There’s always a solution to every challenge.” – Lori Greiner

“Your success will have everything to do with how you perceive yourself, because how you perceive yourself is how others will perceive you, too.” – Lori Greiner

Lori Greiner Life Lessons

Lori Greiner has been a good example of empowered women. In Shark Tank, she is sometimes faced with tough situations where intimidating men are on ferocious display. Nonetheless, Lori highlighted that no matter what happens on the show, she has to remain confident and never forget to believe in herself. Lori mentioned once that she heard “from women that sometimes they’re afraid to speak up in a room full of men”. In her many years in the business world, she said that she learned to never be intimidated. Women have to believe that that they are equal with men Also, she mentioned that women don’t have to appear tough to appear strong. More importantly, she highlighted the importance of sharing one’s opinion and sticking up for what one believes in.

Current Lifestyle

Lori Greiner is a very creative person as evident in her many businesses. One of her hobbies include playwriting. She also enjoys designing jewelleries and selling them in her own jewellery line. She also designs other products related to jewelleries such as a jewellery boxes that could accommodate and hold about 100 earrings altogether. Lori also is fond of writing. In fact, she has written a few books. One famous book that she authored is entitled Invent it, Sell It, Bank It: Makes Your Million-dollar Idea into a Reality.

Summary

Lori Greiner is an American entrepreneur an TV personality. She is regarded as the warm-blooded shark. Lori’s business strategies may sometimes seem unconventional for other business people but she has been doing well in her business patents so far and will still surely continue to increase her wealth with more upcoming successes of her companies.

Continue Reading

Trending