Jordan Belfort, the notorious Wall Street stock trader whose debaucherous lifestyle and fall from the dizzying heights of multi-millionairedom was documented in the blockbuster film ‘Wolf of Wall Street’, has joined OnlyFans.
Belfort, 59, announced last week he is joining the platform to provide fans a glimpse of his ‘freakin’ cool as hell life’, joining a growing number of celebrities that have flocked to the content subscription service in recent months.
OnlyFans is a platform through which content creators can build a following and receive funding from fans via monthly subscriptions or one-off payments in return for exclusive content.
It is known primarily as a subscription-based porn website which allows sex workers to monetize adult content, but it is also used by several high-profile names such as Bella Thorne, Cardi B, and DJ Khaled to host paid-for content.
Belfort, whose life as perhaps the most infamous Wall Street trader in history was portrayed by Leonardo DiCaprio in the Scorsese-directed hit, now works as a business consultant and motivational speaker.
His arrival to OnlyFans comes as the platform aims to diversify its offerings and shirk its reputation as a subscription porn site.
Jordan Belfort, 59, was one of the most notorious Wall Street stock traders and is renowned for a lifestyle of debauchery, drugs and outrageous wealth. Since his incarceration in 1999, Belfort has rebuilt himself as a business consultant and motivational speaker and has now announced he is joining OnlyFans
Belfort’s rise to notoriety as one of Wall Street’s biggest stock traders and subsequent fall from the dizzying heights as founder of brokerage firm Stratton Oakmont was portrayed in the 2013 Scorsese film ‘The Wolf of Wall Street’, in which he was played by Leonardo DiCaprio (pictured)
OnlyFans is a platform through which content creators can build a following and receive funding from fans via monthly subscriptions or one-off payments in return for exclusive content
Belfort announced the launch of his OnlyFans account via the platform’s Instagram page last week.
In the video, the serial entrepreneur said he was ‘super excited’ to join the platform and promised fans ‘exclusive behind-the-scenes content of my freakin’ cool as hell life.’
Belfort built one of the most dynamic and successful sales-organizations on Wall Street in the 1990s, but his eye-watering success and the millions that came with it are only part of the story.
The Wall St titan founded Stratton Oakmont in 1989, a stock brokerage he started with a few desks and phones set up in a former Long Island auto shop but quickly grew into a giant company of over 1,000 employees involved in stock issues totaling more than $1 billion.
Stratton Oakmont was a ‘boiler room’ firm that marketed penny stocks – those of minimal value – and defrauded investors with the ‘pump and dump’ type of stock sales, taking large commissions on the trades, often at the expense of their investors.
Belfort lived a life of incredible wealth and decadence, but also succumbed to a spiral of greed and drug addiction synonymous with it.
Living large: ‘The Wolf of Wall Street’, a film directed by Martin Scorsese released in 2013, tells the story of Belfort’s meteoric rise to multi-millionairedom as the chairman of brokerage firm Stratton Oakmont (pictured: Leonardo DiCaprio as Jordan Belfort)
Belfort has rebranded himself as a business consultant and motivational speaker following his release from prison, but is obligated to pay at least $10,000 per month in restitutions to former clients who were defrauded by Stratton Oakmont (pictured: Belfort during a speaking tour in Amsterdam, 2014)
Tim Stokely, the British entrepreneur behind the website OnlyFans, said the company’s short-lived decision to ban sexually explicit content was the result of pressure from banks
Belfort pleaded guilty in 1999 to securities fraud and money laundering and in 2003, was sentenced to four years in prison – of which he served 22 months – and ordered to chip away at the $110 million restitution by giving 50 percent of his future earnings to the government.
He has since gone on to rebrand himself as a business consultant and motivational speaker, having abstained from drugs after becoming sober following his release from prison, but he is still obligated to pay at least $10,000 per month in restitutions to former clients who were defrauded by Stratton Oakmont.
His arrival to the OnlyFans platform represents the serial entrepreneur’s latest business venture in a career which has seen him write two best selling books since his release from prison and conduct motivational speaking tours around the world.
For OnlyFans meanwhile, Belfort’s arrival marks the latest attempt to dissolve its reputation as the go-to subscription site for porn stars and sex workers.
OnlyFans in August announced it would drop plans to ban sexually explicit photographs and videos on its platform, in a major U-turn after an intense backlash from creators who said the move had already cost them thousands in revenue.
The London-based online subscription service previously said it would implement a ban on ‘any content containing sexually explicit conduct’ from October, after CEO Tim Stokely said its reputation as a subscription porn site was damaging its relationships with banks.
But the company quickly turned back on its decision after drawing a hail of criticism from thousands of sex workers and subscribers alike.
OnlyFans experienced an explosive growth in popularity during the pandemic, when thousands of new creators signed up to the platform in-person adult venues shut, many of whom turned to online sex work to supplement their income amid lockdown.
However, a number of celebrities, musicians and comedians also use the platform for non-sexual content to build additional revenue streams – a direction OnlyFans executives have been keen to pursue.
Source: Daily Mail
