Almost everyone has heard or seen The Wolf of Wall Street, one of the greatest financial dramas of all time, directed by Martin Scorsese. It tells of the rise and fall of stockbroker Jordan Belfort’s career. And you’re probably all wondering if it’s a true story.
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The introduction of the movie
After its debut, the film has quickly risen to the top. On the one hand, its liveliness and fluidity, combined with a good dose of humour, captivated the audience. On the other hand, however, it was criticized by some for glorifying Belfort’s crimes and deceptions. Anyway, wouldn’t the story be even more intriguing if you believed it to be true? Indeed it does! However, is The Wolf of Wall Street based on an actual event?
Jordan Belfort was as real as one can get
All of these events actually took place in the real world. The movie starring Leonardo DiCaprio is based on Jordan Belford‘s biography, which was published in 2007 after he was released from prison. In the book, Belfort describes how he founded the brokerage firm Stratton Oakmont, including the fraudulent activities the firm engaged in. In the late 1990s, the company was shut down and Belfort was sent to prison for securities fraud.
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Was everything really real?
Can it now be said that the plot of the movie exactly follows the events described in the book? Indeed, Jordan Belfort claims that “the camaraderie and craziness” depicted in the film correlate with reality and that the story as a whole is accurate. However, some minor changes were made to the film.
For example, with regard to drug use, Belfort states that, contrary to the depictions in the film, the situation occasionally got out of hand. At the end of his career, Belfort regularly used numerous medications. In addition, numerous names were changed for the big screen, most notably those of the women of Belfort, whose names were originally Denise and Nadine, not Teresa and Naomi.
The hallmark
Intriguingly, Jordan Belfort himself appears at the end of the film. He portrays the man who promotes Leonardo DiCaprio (as Jordan Belfort) as a motivational speaker whose goal is to teach others how to succeed on Wall Street. This indicates that Belfort is quite satisfied with the accuracy of the film. Moreover, as depicted in the film, Belfort has been walking the path of a motivational speaker since 2006, delivering speeches on a variety of topics.
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Conclusion
So, does The Wolf of Wall Street depict a true event? Yes, without a doubt. Is it accurately depicted? It is clear that most of the events correspond to actual events in Belfort’s life. There are some elements missing, but overall Scorsese’s film is a respectable translation of the book and reality.
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Janice has been with businesskinda for 5 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesskinda team, Janice seeks to understand an audience before creating memorable, persuasive copy.