17-year-old boy earns $72 million trading stocks during school lunch breaksBy Mason White 12:57 PM December 16, 2014
By: Chan Yuan
(Scroll down for video) A 17-year-old boy of New York, became very rich trading stocks during his lunch breaks.
Mohammed Islam of Queens, began learning how to trade stocks when he was just 10 years old.
At age 11, he opened his first account and began earning money. He earned his fortune from trading stocks during his lunch breaks at the Stuyvesant High School.
He traded oil and gold futures among other instruments.
Now, he has an estimated net worth of $72 million according to the New York Magazine.
Outside of school, Islam often treats his friends to expensive gifts and parties. Islam refused to reveal his exact net worth, but admitted it was in the “high eight figures,” and provided bank and financial documents to support his claim.
The successful teenager already owns a BMW despite not having a license to drive it.
For now, the teenager’s parents, who are immigrants from the Bengal region of South Asia, said that they will not allow him to move out of the family home.
Islam uses social networking sites to show off his luxurious lifestyle by regularly publishing photos and videos of himself partying, playing poker and dancing with numerous women.
Islam also uses his money to help support his parents. “My dad does not work, and I help with things,” Islam said.