FICTITIOUS CAPITAL. What’s more Wall Street than that? L O L, young Mohammed Islam. L O L. http://t.co/cFUqJ8wDBJ
— Kate Perkins (@kateperkns) December 16, 2014
Update: 16 December 1.00pm EST
It was all a lie.
Mohammed Islam made the whole thing up. He is NOT a $72 million investor.
In an exclusive interview with the Observer, Islam confessed that he did not make all that money in stock. What he did make is fake money in simulated trades in the investment club that he runs.
Original: 15 December 11.50am EST
He is the teen wolf of Wall Street, and at 17 years old, he is worth a rumored $72 million.
Mohammed Islam, senior at Stuyvesant High school, has always had a thing for investments. At age 9, Islam was trading penny stocks with money he had made from tutoring. But nowadays, he spends his lunch breaks trading and investing in startups.
Islam may be considered the luckiest kid alive. The true is, he really knows his stuff. In a recent interview, Islam was asked, “What makes the world go round?” and responded by saying, “Money. If money is not flowing, if businesses don’t keep going, there’s no innovation, no products, no investments, no growth, no jobs.”
The kid, who can’t even drive yet, began studying modern finance by reading up on traders such as his hero, Paul Tudor Jones, a billionaire hedge-funder.
Mohammed Islam is a 17-year-old millionaire. Find out how!