EDITOR’S NOTE: Since this story was originally published, the New York Magazine has admitted that Mohammad Islam lied and his claims were false.
NEW YORK CITY — The New York Post called him, “the teen wolf of Wall Street.”
Mohammed Islam is a 17-year-old from Queens and he has made tens of millions of dollars playing the stock market during his lunch breaks at Stuyvesant High School, New York Magazine reported.
Islam has made enough money already that he has purchased a BMW and rented an apartment in New York City, PIX11 reported.
Islam has several months left of high school so his parents, immigrants from South Asia, won’t let him move out of the house yet.
“What makes the world go round?” Islam asked the New York Post. “Money. If money is not flowing, if businesses don’t keep going, there’s no innovation, no products, no investments, no growth, no jobs.”
Islam and few other buddies who are also involved in similar ventures plan to make a billion dollars by next year, the NY Post reports.
“But it’s not just about the money,” he was also quoted saying, “We want to create a brotherhood. Like, all of us who are connected, who are in something together, who have influence.”
Islam says his biggest inspiration is Paul Tudor Jones, a billionaire hedge-funder and private asset manager from Connecticut.