Danny Porush is a former stockbroker, entrepreneur, and convicted criminal. He is best known as the co-founder of the Stratton Oakmont brokerage firm, made famous by the hit movie “The Wolf of Wall Street”.
Porush’s life has been filled with highs and lows, from the early days of his career to his eventual downfall and redemption.
Table of Contents
Early Life and Education
Danny Porush was born on February 12, 1957, in Lawrence, New York. He grew up in a Jewish family and attended Lawrence High School. After high school, Porush attended SUNY Albany, where he earned a degree in accounting.
Career
After college, Danny Porush worked as an accountant before joining up with Jordan Belfort to start the brokerage firm Stratton Oakmont. The firm quickly became one of the most successful and notorious firms on Wall Street, specializing in penny stocks and taking advantage of unsophisticated investors.
Authorities indicted Danny Porush and Jordan Belfort on charges of securities fraud and money laundering in 1997. Porush agreed to cooperate with the authorities and plead guilty to charges of conspiracy and securities fraud. The judge sentenced him to four years in prison and ordered him to pay restitution of $200 million.
After serving his sentence, Danny Porush started a new venture called Med-Care, a medical supply company that specialized in providing products for seniors. The company quickly became successful and Porush was able to pay off his restitution and rebuild his life.
Personal Life
Danny Porush married three times and has five children. He has been open about his struggles with addiction and has spoken publicly about his recovery. Porush is also a philanthropist and has donated money to a variety of causes, including cancer research and education.
Net Worth
As of 2023, people estimate Danny Porush’s net worth to be around $100 million. Much of his wealth comes from his successful medical supply company, Med-Care.
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FAQs:
Q: Who is Danny Porush?
A: He is a former stockbroker, entrepreneur, and convicted criminal. He is best known as the co-founder of the Stratton Oakmont brokerage firm, which the hit movie “The Wolf of Wall Street” made famous.
Q: What is he net worth?
A: As of 2023, people estimate his net worth to be around $100 million.
Q: What is Danny Porush’s new business venture?
A: After serving his sentence for securities fraud, Danny Porush started a new venture called Med-Care, a medical supply company that specializes in providing products for seniors.
Q: How many children does Danny Porush have?
A: He has five children.
Q: What has Danny Porush done philanthropically?
A: He has donated money to a variety of causes, including cancer research and education.
Conclusion:
Danny Porush has experienced both success and controversy throughout his life. From his early days as a stockbroker to his eventual downfall and redemption, Porush has lived a life full of highs and lows. Despite his mistakes, he has been able to rebuild his life and make a positive impact through his philanthropy and business ventures.