Tuesday 16 December 2014

See New York's 17 year old senior who Is worth $72 Million.

Don't feel too bad if you didn’t earn $72 million by age 17.
Instead of rushing to finish homework or gossip with classmates, Mohammed Islam, a 17-year-old genius at Manhattan’s Stuyvesant High School, spent his lunch breaks trading stocks.

Dubbed Mo by friends, the son of Bengali immigrants in Queens started small with penny stocks, but made his millions on crude oil and gold.
The shy teen with a faux-hawk is profiled in Monday’s New York magazine with two friends placing a $400 order of swanky caviar and apple juice at the Mari Vanna restaurant near Union Square.
He kept a tally of his fortune secret, but revealed his net worth to be in the “high eight figures,” the mag reported.
That’s enough to buy a coveted Manhattan apartment and a BMW, but Islam’s parents won’t let him use either until he’s 18 and has a driver’s license.
Islam’s wealth has him rubbing shoulders at poker games with the children of parents who are “the one percent of the one percent.”
“What makes the world go round? Money,” Islam told the magazine. “If money is not flowing, if business don’t keep going, there’s no innovation, no products, no investments, no growth, no jobs.”
Business Insider featured Islam in their “20 under 20” last year when he was only 16 years old, where he named billionaire hedge fund manager Paul Tudor Jones as his idol.

The teen intends to launch his own hedge fund in June with the help of his comrades, Patrick Trablusi and Damir Tulemaganbetov.
Islam graduates from Stuyvesant in only a few months. College is next, however, with a focus on economics and finance, and by then, the trio hopes to have made at least a billion.

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