- The Washington Times - Monday, December 15, 2014

UPDATE:

After this article was published, Mohammed Islam admitted he lied to New York Magazine and did not make any money on the stock market, the New York Observer discovered.

ORIGINAL:

A 17-year-old from Queens has made a reported $72 million by trading stocks during lunch hour at Stuyvesant High School.

Mohammed Islam still has a few months to go before graduation, but as far as money goes, he’s already set for life, the New York Post reported.



“The high eight figures,” is how New York magazine estimated his worth. Mohammed declined to cite actual earnings.

But he’s already bought a BMW — even though he doesn’t have a license. And he’s rented an apartment in downtown Manhattan, even though his parents won’t let him live on his own, yet, the New York Post said.

“What makes the world go young? Money,” he said, in the magazine interview. “If money is not flowing, if businesses don’t keep going, there’s no innovation, no products, no investments, no growth, no jobs.”

He and a couple of his friends say they’d like to make a billion dollars by next year.

“But it’s not just about the money,” he told the magazine. “We want to create a brotherhood — like, all of us who are connected, who are in something together, who have influence. Like the Koch brothers.”

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