This is Mohammed Islam, an off the scale money making machine. Hailing from New York, the 17-year-old has already amassed an estimated SEVENTY TWO MILLION DOLLARS after he started dabbling in penny stocks at the age of eleven.
Islam enjoyed the gambling side of things, but ultimately packed it all in after losing a great deal of money. He didn’t give up there though. Islam carried on studying finance and became inspired by billionaire hedge-funder Paul Tudor Jones, particularly his philosophy of “You learn more from your losses than from your gains.”
While his classmates at Stuyvesant High School chat and browse the web, he spends most of his breaks trading in oil and gold futures.
He now has a BMW, a Manhattan apartment and a net worth he modestly assures is in the “high eight figures.” Outisde of school he is said to treat his friends to lavish meals in some of the finest restaurants, with caviar apparently being very popular.
Despite him amassing an incredible fortune , Mohammed says his parents aren’t too hot on his Jordan Belfort-style money making.
“My dad doesn’t like finance that much. He says he is ok with me trading, but my mom is sceptical about the market. But they see it as, if I am good at it, then why not?
What makes the world go round? Money. If money is not flowing, if businesses don’t keep going, there’s no innovation, no products, no investments, no growth, no jobs.”
In June he will be 18 and applying for his for his broker license to enable him to move on to bigger and better things. The option of being able to retire at 17 and spend the rest of his life living off the interest doesn’t seem to be on his radar as he is reportedly aiming to make a billion.
Fair play to him, here is the man himself talking about his background.
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