Tags: mohammed islam | nyc | high | schooler | made | 72M | stock

Mohammed Islam, NYC High Schooler, Made $72M on Stocks?

By    |   Monday, 15 Dec 2014 01:13 PM

Call him the teen wolf of Wall Street. Mohammed Islam, a 17-year-old from Stuyvesant High School in New York City, has made a reported $72 million on the stock market, often skipping his lunch break to play the market.

While many agree that Islam is ahead of his time in the stock market, they also agree that the $72 million total is a hyped number, according to those familiar with the teenager's story, reported The Business Insider.

According to the New York Post, Islam has already purchased himself a BMW – although he's still awaiting a license to drive it – along with an apartment in New York City, even though his parents have not allowed him to move out on his own yet.

Islam said he plans to start a hedge fund with some of his friends, but has to wait until June because until then he won't be old enough to get a broker-dealer license to start the business, noted the Post.

The teen was featured in New York magazine on Sunday, which described how Islam's unassuming nature allowed him to quietly reach superstar status in the stock market.

"Everyone at Stuy knew that Mohammed, the soft-spoken son of Bengali immigrants from Queens and the president of the school's Investment Club, was basically a genius," wrote Jessica Pressler of New York magazine. "As the news spread, Mo's stock went up.

"The school paper profiled him, Business Insider included him on a list of '20 Under 20' and Mo became 'a celebrity,' as his friend Damir Tulemaganbetov put it on a recent Friday night at Mari Vanna near Union Square, 'A VIP.'"

The question is, how much of the $72 million is real and how much is just on paper.

"It has been brought to the attention of the Leaders Investment Club that Mohammed Islam has been rumored to have made $72,000,000 through making trades in the stock market," the club told The Business Insider. "After performing due diligence and talking with Mohammed Islam himself, we have determined that these claims are false and simply been blown up by the media in the interests of sensationalism."

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Call him the teen wolf of Wall Street. Mohammed Islam, a 17-year-old from Stuyvesant High School in New York City, has made a reported $72 million on the stock market, often skipping his lunch break to play the market.
mohammed islam, nyc, high, schooler, made, 72M, stock
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2014-13-15
Monday, 15 Dec 2014 01:13 PM
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