A Queens teenager has made millions and has not yet graduated from high school.

The teen traded stocks until he amassed an incredible quantity. Now he plans to team up with two friends and start his own hedge fund company. However, the reported sum he acquired may not be accurate.

Seventeen-year-old Mohammed Islam has made headlines in the recent year as the teenager who has amassed a multi-million dollar fortune simply by trading stocks, according to the New York Daily News. The Stuyvesant High School senior has been hailed a genius for making the sum and plans to employ his moneymaking skills to venture deeper into business.

A recent profile by New York magazine explores Islam's journey and delves into his plans and new friendship.

After making his $72 million fortune, Islam, the son of Bengali immigrants, began living a more luxurious life, rubbing shoulders with the children of "the one percent of the one percent," according to his friend Damir Tulemaganbetov, the son of a Kazakh oligarch.

Islam met his other friend and business partner Patrick Trablusi through an old school friend. Trablusi then introduced him to Tulemaganbetov at a poker game.

The trio has banded together to combine Tulemaganbetov and Trablusi's resources with Islam's skills to make a billion dollars by next year's end. They also plan to start their own hedge fund. The group will head to college soon and fear their studies may interfere with their goals.

Islam reportedly began trading at 9 years of age with penny stock, but after losing some money he became disheartened. However, a few years later, inspired by hedge fund manager Paul Tudor Jones, he resumed trading, this time with oil and gold stocks.

"But it's not just about money," Islam said about the trio's plans. "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 ... It all comes down to this. What makes the world go round? Money. If money is not flowing, if businesses don't keep going, there's no innovation, no products, no investments, no growth, no jobs."

However, according ti Business Insider, who featured the teen in their top 20 "Teen Traders Trying To Take Over The Finance World" last year, the $72 million number is a simple rumor. After speaking with friends who know Islam, including Tulemaganbetov, and other sources, Business Insider believes the sum to be untrue or, at least, unproved as of yet.

Jessica Presser, who wrote the New York magazine article, defended her article on Twitter.

She also explained New York magazine was not a magazine specialized on finance.

Business Insider notes that Islam has not returned their emails but has also not denied or affirmed whether the $72 million figure is true.

Tulemaganbetov has hinted at it being a rumor.

"Let me put it this way ... it's stated as a rumor," he said, adding his friend should be lauded for his skills. "He is 'pretty sure' Islam is a 'a great trader' and a 'genius.'"

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