$72M at 17

[Simpo Two]

'Mohammed Islam is only 17 and still months away from graduating — but worth a rumored $72 million. “The high eight figures,” is as specific as the shy and modest teen would get when asked his net worth.

Islam bought himself a BMW but doesn’t have a license to drive it. And he rented a Manhattan apartment, though his parents, immigrants from the Bengal region of South Asia, won’t let him move out of the house yet.'

http://www.marketwatch.com/story/high-school-stude...

[rich1231]

Simpo Two said:

'Mohammed Islam is only 17 and still months away from graduating — but worth a rumored $72 million. “The high eight figures,” is as specific as the shy and modest teen would get when asked his net worth.

Islam bought himself a BMW but doesn’t have a license to drive it. And he rented a Manhattan apartment, though his parents, immigrants from the Bengal region of South Asia, won’t let him move out of the house yet.'

http://www.marketwatch.com/story/high-school-stude...

Well done to that young man.

[vescaegg]

Read this somewhere else. He apparently made £70m by trading penny stocks. Um, yeah right.

I'm guessing he started with £70m perhaps....

[gregf40]

I'm guessing lottery winner.

Nothing about the story adds up.

[sideways sid]

vescaegg said:

Read this somewhere else. He apparently made £70m by trading penny stocks. Um, yeah right.

I'm guessing he started with £700m perhaps....

[glm1977]

sounds almost like a re-harsh of this article that came out the week before (but with less grand numbers attached... )

http://www.theverge.com/2014/12/3/7319277/whiz-kid...

[Pixelpeep7r]

well according to the title voice over on the apprentice, 'lord sugars empire was worth £800m' - 5 years in a row. I'm guessing it didn't make any money for a few years.

they don't even bother saying how much its worth now, maybe he's secretly bankrupt.

[twinturboz]

Does he own a trader training company :scratch chin:

I guess it could be plausible, pick the right penny stock and get lucky. Says he trades oil and gold futures some heavily leveraged bets to the downside he could have made it.

But too many holes in the story, what were the trades? What time frame? How much starting capital did he start with? How did a minor open a trading account?

[z4RRSchris99]

publicity story for his pyramid selling "learn to trade" seminars

[red_slr]

You are worth 72 MILLION and you buy a... BMW... don't think so.

I want to see his $72M in cash!

[limpsfield]

Sounds like scam

http://leadersinvestmentclub.com/2014/12/15/statem...

[twinturboz]

Well they didn't deny it so it must be true.

http://www.businessinsider.com/mohammed-islam-72-m...

[eps]

http://www.telegraph.co.uk/finance/markets/1129577...

[Simpo Two]

Oh well, if he won't make it as a trader he can make it as a conman.

[Hoofy]

red_slr said:

You are worth 72 MILLION and you buy a... BMW... don't think so.

I want to see his $72M in cash!

All tied up in stocks, innit. Only had £1k spare and bought a 1995 318.

[Simpo Two]

Judging by the size of him he spent it all on food.

[camelot1971]

Kid has confessed its all bullst now

[WEHGuy]

Well he has just f**ked his chances of ever being taken serious again.

[rpguk]

Just goes to show how thorough with the fact checking these news outlets who parroted this story are