A tech mogul shared how he became a millionaire at 17 after teaching himself how to code from YouTube.
Evan Luthra, 27, is now set to become a billionaire by the time he’s 30 and has built and invested in more than 300 companies.
Hailing from New Delhi, India, the 27-year-old splurges on yacht parties, luxury properties and even plans to buy his own helicopter just for the thrill.
The influencer, who has 2.3 million followers on Instagram (@evanluthra) also recently bought £2.2 million worth of NFT for “flex” – calling digital art the “new Rolex” for the rich.
However, amid the glitz and glamor of his new lifestyle, Evan said he had to work his way up to the top – emerging from “humble beginnings” as he learned to code.
Evan said: ‘I was bitten by the ‘digital bug’ around 12 years old when I started playing with the computer in my dad’s call center in India.
“I bought 200 computers, and I’ve really pushed the numbers to the limit by building microcomputers, really hitting the processor hard, and trying out new programs.
“I started taking them apart to learn how they worked then I started looking at the code.”
The tech mogul claims he made his fortune by creating apps and websites and selling them for a profit.
He has worked with popular shows like Two And A Half Men and Gossip Girl, as well as the ICC Cricket World Cup.
And by the age of 15, millions of people were already using the apps he created.
As he began to attract a global audience, Evan, who was making a name for himself in the digital realm, was called by the late Apple CEO Steve Jobs.
The CEO, who died in 2011 of pancreatic cancer, reached out to a “pretty” teenager at the time to give him advice about Apple’s app store.
“I was young from India and didn’t have much experience at the time and here I was, talking to Steve Jobs.
“He had a team call with all the original developers and asked us for feedback and what we really think about the app store. He also shared some tips with us. for our own business.”
Two years later, Evan entered the big leagues when he sold his company – which has developed more than 30 apps – for several million.
He was only 17 years old then.
“A lot of people doubted me and said I wouldn’t do well, but when my company sold for seven figures, I got my revenge,” Evan said.
Today, he splits his time between India, Mexico, Dominican Republic and St Kitts and Nevis, and makes most of his cash coming from crypto trading as the founder of StartupStudio.online .
Risks of buying with cryptocurrencies
Investing and buying with cryptocurrencies like Bitcoin is very risky.
Their value is volatile and the City watchdog the Financial Conduct Authority has warned investors to be prepared to lose all of their money.
Investing in cryptocurrencies is not a guaranteed way to make money.
You should also think carefully about making purchases with cryptocurrency.
For example, Bitcoin has experienced dramatic price swings in recent months, and prices can change almost hourly.
Bitcoin price was at $40,258 on January 9, according to Coindesk, but fell to $34,214 just three days later.
That’s a 15% discount.
These price movements are risky for a business because you can sell an item with Bitcoin at one price and the value can drop shortly after, leaving you with less money from a purchase or sale.
Similarly, the Bitcoin price has increased by more than 21% since the start of this week, so it can be difficult for buyers to get an accurate idea of the price of an item if its value changes on a daily basis.
However, although Evan has built a fortune from his trading skills, buying any cryptocurrency is extremely risky.
With any investment, there is a risk that the value of your money could go down as well as increase. That means you should only invest money that you can afford to lose.
Cryptocurrencies can be riskier than other investments because they are volatile and speculative – their prices often rise and fall very quickly, sometimes for seemingly no reason.
Many cryptocurrencies have a short track record, making them confusing and difficult to predict.
This type of investment is also not regulated by the regulator, which means you won’t be protected if things don’t go your way.
The UK regulator has warned that Britons risk losing ALL of their money if they invest in cryptocurrencies.
If you are considering investing in any cryptocurrency, do your research first and invest only the amount you can afford.
Also be wary of scams, as the cryptocurrency market is often a target for scams.
Attention fake celebrity confirmation or social media profiles pushing certain coins.
https://www.the-sun.com/news/4684740/tech-mogul-millionaire-teenager-high-life/ Self-taught tech mogul, who made his first million dollars at 17, buys 2.2 million pounds in NFTs