Teen makes $72M by trading oil and gold in the stock market - The Sauce
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Teen makes $72M by trading oil and gold in the stock market

Islam

A 17-year-old New Yorker has made $72M an equivalent of Sh6 Billion by playing on the stock market during his lunch break. According to the Daily Mail, 17-year-old Islam Mohammed high school student started dabbling in penny stocks at the tender age of nine. He now spends most of his breaks at Stuyvesant High School trading oil and gold futures and small to mid-cap equities.

The son of immigrants from Bengal is worth at least 6 Billion Kenya Shillings. He uses his millions in funding a lavish lifestyle enjoying nights on the town partying and playing poker, of which he regularly posts pictures on Instagram. He recently purchased a Manhattan apartment and a BMW which he cannot yet drive since he does not have a license. His parents won’t allow him to move to the apartment until he is 18 years.

During an interview with New York Magazine’s, Mohammed revealed his biggest inspiration in the finance world has been Paul Tudor Jones. Jones, 60, the billionaire founder of Tudor Investment Corporation, a private asset management firm and hedge fund, ranks as the 108th-richest American, according to Forbes.

When asked about his plans for the future, teenager said he and his trader friends hope to start a hedge fund in June – when he is old enough to get his broker-dealer license – and intend to make a billion dollars by next year.

However, several publications including Gizmodo, question if Mohammed really made $72M on the stock exchange during lunch break. The New York Magazine insists they have seen the young man’s bank statement which shows he indeed has $72 million, but there is no tangible proof that he made the money during the lunch break.

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