This millennial used scholarship money to buy property in college—now his real estate company is worth $3.8 billion

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Millennial used scholarship money to buy real estate in college—now his company is worth billions (via CNBCMakeIt)

"She was a single mom and really hated wasting money, and [she] believed that renting was really a waste of money, so she bought her first home when I was 2," Wu tells CNBC Make It. "That principal ended up sticking with me."

"What happened was I refinanced the home and pulled out equity and used that as a down-payment [on] other homes I ended up buying during that time," Wu says. "It's something I just did in my free time. I had a strong interest in doing this nights and weekends," he tells CNBC Make It.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt So who really owns the real estate, him or those who gave him money under fraud.

MakeIt No wonder, most major central banks flooding the world with cheap money, for several years now.

MakeIt Hope he paid back his student lians👹🤡

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore’s GIC Bets on Wastewater Company, Takes Stake at $3 Billion ValuationSingapore sovereign-wealth fund GIC has bought a stake in WaterBridge Resources in a deal that values the Houston-based handler of oil-drilling wastewater at nearly $3 billion including debt, according to people familiar with the matter. super rich drama Oh, please. The vast, vast majority of polluted Fracking water is just dumped into pits. The notion that it is 'most often recycled' or 'disposed of properly' is an unfounded myth. Imagine if your business produced 10x the volume of waste as actual product, then didn’t have to pay to clean the waste up? Just dump it underground, problem solved! 🙄 fracking cleanwater
Source: WSJ - 🏆 98. / 63 Read more »