Danny Porush Net Worth: Career Bio Wife Salary Income Business

Danny Porush net worth

Meet Danny Porush, the American stockbroker who, alongside Jordan Belfort, co-founded the brokerage firm Stratton Oakmont. With a net worth of $12 million, he wasn’t just in the finance game but swimming in it. However, the plot thickens. Danny wasn’t playing by the rules; he got tangled up in money laundering and securities fraud. 

As of today, 2023, Danny Porush net worth is $12 million. He has made his wealth from his stock market firm and other various successful businesses.

Things took a legal turn when he pleaded guilty to conspiracy charges related to securities fraud and money laundering. The verdict? Four years behind bars and a hefty chunk of his fortune gone. 

Before we dive into the nitty-gritty of his career and life story, it’s fascinating to explore how he stacked up that impressive amount of cash in the first place. Life’s a rollercoaster, especially when millions and legal troubles are in the mix!

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Danny Porush Net Worth 2023

Net Worth$12 Million
Full NameDanny Mark Porush
Nick NameDanny Porush
ProfessionAmerican Stockbroker, Entrepreneur
Age66 Years Old

As of today, 2023, Danny Porush’s estimated net worth is $12 million. Porush’s wealth can be attributed to his involvement in various business ventures, including his time as a stockbroker at Stratton Oakmont, his real estate investments, and his brief stint as Executive Vice President at Med-Care Diabetic & Medical Supplies. However, his legal troubles have also impacted his net worth, including his conviction for securities fraud and money laundering in 1999.

Despite these challenges, Porush has managed to maintain a relatively comfortable lifestyle. He resides in a luxurious home in Boca Raton, Florida, and owns various luxury cars and other assets. He continues to be involved in multiple business ventures and has reportedly made significant progress in repaying his $200 million restitution order.

Danny Porush’s Early Life

Danny Porush was born on February 7, 1957. Danny Mark Porush is an American businessman and former stockbroker. He hails from a Jewish family in Lawrence, Nassau County, New York. His father’s profession influenced Porush’s early life as a doctor. Despite starting his educational journey at Lawrence Woodmere Academy and later attending Dickinson College and Boston University, Porush didn’t follow the traditional academic route, choosing instead to venture into entrepreneurship.

In 1979, Porush took the plunge and founded Contemporary Courier, a courier service that he successfully sold for over $500,000 in 1984. Fueled by his entrepreneurial spirit, he established Sure Ride Ambulette Inc. in 1983 and Select Courier Inc. in 1985. The latter venture was successful and sold in 1988, marking a pivotal moment in Porush’s career as he leaped into finance.

Danny Porush Career

In 1989, Danny Porush collaborated with Jordan Belfort to create a Stratton Oakmont company. It became famous and one of the wealthiest brokerage firms globally, making Danny a multimillionaire. But the firm engaged in various illegal activities, including “pump and dump” schemes, where Stratton Oakmont would artificially inflate the price of a stock before selling it to unsuspecting investors. These schemes resulted in millions of dollars in losses for investors, eventually leading to Stratton Oakmont’s collapse in 1996.

In 1996, Porush pleaded guilty to securities fraud and money laundering charges. He got four years in jail and had to cough up a massive $200 million, while Belfort was sentenced to two years.

After escaping jail in 2000, Danny moved to Florida and switched to real estate. He even started a charity called the Porush Foundation to help people scammed in the stock market.

You might have seen his story in the movie “The Wolf of Wall Street,” where Jonah Hill played his role. Nowadays, Danny talks about how he messed up and wants others to learn from his mistakes. 

In 2013, Med-Care Diabetic & Medical Supplies was accused of defrauding Medicare by submitting false claims for durable medical equipment. The company was alleged to have billed Medicare for supplies that were not medically necessary or that were not provided to patients.

Porush was not named in the initial indictment but mentioned in a 2014 amended indictment. The indictment alleged that Porush had “knowledge of or participated in the submission of false claims to Medicare.”

Porush has denied any wrongdoing, and he has said that he is cooperating with the investigation. The case is ongoing.

Porush’s story has been told in the 2013 film “The Wolf of Wall Street,” in which Jonah Hill portrays him. The film is based on the memoir of Jordan Belfort, Porush’s former business partner.

Danny Porush Personal Life

Danny Porush wife - Lisa Porush
Danny Porush Wife

In 1986, Danny Porush tied the knot with his first cousin, Nancy. Together, they had three kids. Unfortunately, their marriage led to a divorce in 2000.

2006 Nancy took Danny to court, claiming he wasn’t coughing up the child support. She alleged that he shifted his assets to his second wife, Lisa Krauss. Mr. Porush married Lisa Krauss in 2000, and the couple settled in Boca Raton, Florida. They have a child together.

Danny Porush Biography

Full NameDanny Mark Porush
Nick NameDanny Porush
Age66 Years Old
Date of Birth7 February 1957
BirthplaceLawrence, New York, United States
Height5’9” (1.75 m)
ProfessionAmerican Stockbroker, Entrepreneur
Career MilestoneCo-founded Stratton Oakmont Brokerage
WifeNancy (Ex. wife, 1986), Lisa Krauss (2000 – Present) 
Current ResidenceBoca Raton, Florida
Net Worth$12 Million


Danny Porush is an American businessman and entrepreneur who was a former stockbroker at Stratton Oakmont, a notorious brokerage firm that engaged in pump-and-dump schemes. His net worth is around $12 million, but it all crumbled when their fraudulent schemes were exposed. He was convicted of securities fraud and money laundering in 1999 and sentenced to four years in prison. 

After his release, he worked for Med-Care Diabetic & Medical Supplies, which was accused of defrauding Medicare. His personal life had its twists, too, marrying his first cousin Nancy, divorcing in 2000, and later marrying Lisa Krauss in 2000. 

Frequently Asked Questions (FAQs)

What is Danny Porush’s full name?

Daniel Mark Porush

How much is Danny Porush worth?

Danny Porush’s net worth is estimated at $12 million as of 2023.

Did Danny Porush go to jail?

Yes, Danny Porush was sentenced to four years in prison for his role in the Stratton Oakmont pump-and-dump scheme. He was released from prison in 2000.

Is Danny Porush and Jordan Belfort friends?

Danny Porush and Jordan Belfort were business partners at Stratton Oakmont. They have been described as having a “close” friendship, although it has sometimes been strained.

How much does Danny Porush owe?

Danny Porush was ordered to pay $200 million in restitution to the victims of the Stratton Oakmont scam. He has reportedly paid back a significant portion of this amount.

Is The Wolf of Wall Street a billionaire?

Jordan Belfort, the memoir author on which the film “The Wolf of Wall Street” is based, was once a billionaire. However, he lost most of his wealth due to his legal troubles.

Where does Danny Porush live?

Danny Porush lives in Boca Raton, Florida.

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