He has not yet reached his 18th birthday.
But Mohammed Islam, from Queens, New York, has already made an estimated $72million – from trading stocks on his lunch breaks at school, according to New York magazine’s Monday issue. The 17-year-old, who started dabbling in penny stocks at the tender age of nine, spends most of his breaks at Stuyvesant High School trading oil and gold futures, and small to mid-cap equities.
Outside of school, he often takes his friends out to dine at Morimoto on 10th Avenue, where they feast on $400 caviar, expensive dishes and freshly-squeezed apple juice. During an interview for the magazine;s 10th annual ‘Reasons to Love New York issue’, Mohammed refused to disclose his exact net worth, but he admitted it was in ‘the high eight figures’. The successful teenager revealed he had used his incredible wealth to purchase a BMW – which he does not yet have a license to drive – and rent a Manhattan apartment.
However, his parents, who are immigrants from the Bengal region of South Asia, will not yet allow him to move out of their family home in Queens, according to the New York Post. Mohammed has also taken to social media to show off his well-funded, lavish lifestyle – regularly posting videos of him partying, playing poker and dancing with numerous women on Instagram. His hard-earned cash has certainly been beneficial to his parents. ‘My dad doesn’t work now and I tend to help out with things, and futures gives me that incentive,’ said the student… see more
source: dailymail UK