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Stuyvesant High School student claims he makes millions playing the stock market: magazine

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UPDATE: Stuyvesant teen who claimed he made millions tells newspaper he fabricated story

 UPDATE: Teen’s claim he made millions playing stock market comes under fire

NEW YORK CITY (PIX11) -- A 17-year-old student at Stuyvesant High School in Manhattan decided to use his lunch break to play the stock market -- and it was a wise investment.

New York Magazine reports Mohammed Islam has made tens of millions of dollars playing the stock market. The teen has a rumored net worth of $72 million, according to New York Post.

Islam said he made so much money already that he purchased a BMW and rented his own apartment.

“What makes the world go round?” Islam asked in the interview, explaining his preference for trading and investment over startups. “Money. If money is not flowing, if businesses don’t keep going, there’s no innovation, no products, no investments, no growth, no jobs.”

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6 comments

  • Highgamma

    Doesn’t this sound like a hoax to you. It does to me. You don’t need a broker-dealer license to start a hedge fund. His returns wold need to be astronomical for him to get to $72mm starting from a small number. Being 17, he’s technically not allowed to trade. In New York City, you can leave your parents at age 16.

    Nothing here makes sense. This strikes me as phony.

  • Trish

    I personally think he is worth a lot of money (not 72 million), but having this come out can be dangerous to his safety. So the family is saying he lied. The reporter most likely did his/her job but the young man didn’t expect his face to be plastered all over news outlets.

  • CurlyGirl

    This was a Hoax and New York Magazine apologized…..bad journalism….check your sources thoroughly before reporting…..same garbage from Rolling Stone Magazine!

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