Business & Economy
31-year-old millionaire sold his first business at 17 for over $100K—he lost it all in 15 months to bad investments: ‘I got cocky, I got arrogant’
Millionaire Timothy (or Tim) Armoo made his first fortune at 17, before he could even legally vote. He blew through every penny of it before he turned 19.
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Timothy Armoo sold his first business at age 17 for more than $100,000, becoming a millionaire before he could legally vote. He spent every dollar he earned and, by the time he was 19, had lost the entire sum. Armoo attributed the loss to poor investment choices, describing himself as “cocky” and “arrogant” during that period. He has since reflected on how his early success led to overconfidence and financial missteps.
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