Mohammed ‘Mo’ Islam has become one of the world’s youngest stock market multi-millionaires. According to a shocking profile released by New York Magazine today, the 17 year old high school student has made around $72 million on the stock market. New York Magazine has listed the whiz kid’s success story among this year’s Reasons to Love New York.
He’s been dubbed the ‘Teen Wolf of Wall Street’. He’s certainly an advanced teen in terms of his stock market know-how, and now his buying power is well ahead of his years. The high school student has enough independent wealth to rent an apartment in Manhattan and purchase his own BMW, although Mohammed isn’t yet allowed to move out, and he hasn’t got a driving license.
Mo works along with a few other aspiring hedge fund manager friends, some from other New York schools, and together the caviar-dining sophisticates have big plans to launch their own hedge fund when they graduate.
As the enterprising young man himself describes in the video below, he’s part of the Leaders Investment Club. Becoming an investor has always been Islam’s dream, and he began trading penny stocks at the ripe old age of nine years old.
Mo’s New York school, Stuyvesant High School – known locally as Stuy – is a Science, Tech, Engineering and Mathematics school. It’s one of nine specialized schools of its kind in NYC. Gifted students are offered free tuition in an accelerated learning program.
Mohammed Islam has this week become the school’s latest famous success story. He’s in good company, with other famous alumni including four Nobel prize winners.
Mo has already been listed as one of Business Insider’s 20 under 20, and has a net worth he confirms is in the eight figures. It’s reasonable to expect that the world is about to see a whole lot more from this incredibly impressive, enviably well-established teenage financier.
*Editor’s note: Since the publication of this story in New York Magazine, and in several consequent publications internationally, it has been asserted by Mo himself that the numbers were, at best, overstated.