There are a lot of financial dramas, like Wall Street and The Big Short, but The Wolf of Wall Street stands out as one of the most outrageous and over-the-top stories of them all.
In the 2013 drama “The Wolf of Wall Street” by Martin Scorsese, Leonardo DiCaprio plays Jordan Belfort, a drug-addicted stockbroker who will do anything to make more money.
There are a lot of scenes in the movie that will make you gasp, from drug-filled office parties to “dwarf tossing.” All of the action and scandal make for a great movie, but did it all really happen?
We did some research to find out if The Wolf of Wall Street is based on real events. Here’s everything you need to know about The Wolf of Wall Street’s real-life story.
Is the Wolf of Wall Street Based on a True Story?
Yes, all of the crazy things that happen in The Wolf of Wall Street are true. The Wolf of Wall Street is based on Jordan Belfort’s 2007 book of the same name, which tells about his days of white-collar crime and financial fraud. In the movie, Leonardo DiCaprio plays Belfort.
He started Stratton Oakmont, a very successful over-the-counter brokerage house, which DiCaprio plays in the movie. Belfort used “pump and dump” schemes with penny stocks when he ran Stratton Oakmont. His company was shut down in the 1990s.
The Wolf of Wall Street shows some of Belfort’s craziest actions, like money laundering, using a lot of cocaine, driving while high on quaaludes, crashing a helicopter, sinking a yacht, and more.
It also talks about the scams and schemes that his company was involved in. Time says that all of these crazy scenes and more really did happen.
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Where is the Wolf of Wall Street‘s Jordon Belfort Now?
Investopedia says that Belfort was jailed for his crimes and given a four-year sentence, but he got out after only 22 months. After he got out of prison, Belfort was told to give half of his income to the investors he had cheated. He had to do this until 2009.
In 2013, federal prosecutors filed a complaint against Belfort, saying that he didn’t pay the right amount of taxes on his income.
However, according to Investopedia, he later made a deal and paid back the money. Now, Belfort is a motivational speaker who uses his own story to teach others the lessons he has learned.
Who Stars in Wolf of Wall Street?
The talented cast of The Wolf of Wall Street brings to life characters who are based on real people. The hit movie also features Jonah Hill as Donnie Azoff, Margot Robbie as Naomi Lapaglia, and Kyle Chandler as FBI Agent Patrick Denham.
Rob Reiner as Max Belfort, Jon Bernthal as Brad Bodnick, Matthew McConaughey as Mark Hanna, Jon Favreau as Manny Riskin, Jean Dujardin as Jean-Jacques Saurel, Joanna Lumley as Aunt Emma, Cristin Milioti as Teresa Petrillo, and more.
Frequently Asked Questions
Is the Wolf of Wall Street Based on a True Story?
Yes, The Wolf of Wall Street is based on the true story of Jordan Belfort’s white-collar crime and financial fraud. Belfort’s book of the same name, published in 2007, tells about his days as a stockbroker and the illegal schemes he used to make money.
What Kind of Illegal Activities Does the Movie Show?
The movie shows some of Belfort’s craziest actions, including money laundering, using a lot of cocaine, driving while high on quaaludes, crashing a helicopter, sinking a yacht, and more. It also talks about the scams and schemes that his company, Stratton Oakmont, was involved in.
What Happened to Jordan Belfort After His Release From Prison?
Belfort served a 22-month sentence in prison and was ordered to give half of his income to the investors he cheated until 2009. In 2013, federal prosecutors filed a complaint against Belfort for tax evasion, but he later made a deal and paid back the money. Now, Belfort is a motivational speaker who uses his own story to teach others the lessons he has learned.
Conclusion
The Wolf of Wall Street is a fascinating and outrageous movie that showcases the excesses of Wall Street in the 1990s. The movie is based on the true story of Jordan Belfort, a stockbroker who engaged in illegal schemes to make money.
The movie’s cast does an excellent job of bringing the story to life, and the film is a must-watch for anyone interested in finance or true crime stories.
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