'The Wolf of Mare Street': Javed Khan on losing his dad's life savings and going on to build a business empire
PUBLISHED: 09:06 01 February 2019
Javed Khan tells Emma Bartholomew how he’s built up a business empire in Mare Street on the back of teaching himself to trade on the stock exchange
Just two years ago Javed Khan had to explain to his tearful father he had whittled away his life savings gambling on the money markets.
“His eyes were red and he was tearing up,” said the self-confessed “risk-taker”.
“Not only had I ruined my life but I ruined his life as well. That gave me more motivation than anything to work out how to analyse and trade the markets.”
Now the self-taught 21-year-old, who took inspiration from the movie The Wolf of Wall Street, is dishing out advice to others on what to invest in on the stock markets - and nurturing a business empire in Mare Street with a turnover of £300,000 off the back of it.
He’s documented his fortunes on You Tube and Instagram from a pizza delivery boy at Domino’s in Clapton to owner of a customised glow-in-the-dark Audi with a personal number plate, counting through wads and wads of cash.
“Once people saw my lifestyle change in such a short space of time, friends, family and people I went to school with were more inclined to support it and my business just grew,” he told the Gazette.
“Now I feel my life is in the daily spotlight, I’m starting to get noticed where I go. I was in Canary Wharf yesterday and people stopped me because they know me from social media.”
Four days a week at 8pm he sends out a “signal” - or tip for what might do well - to subscribers of his company JKMT on what’s app.
“I don’t send Friday because I fly out for a holiday at the weekend,” he said.
“On Thursday I said, ‘Guys, US dollar Japanese yen is going to go up in the next five minutes, please invest’. Everyone invested and made a profit.”
But he concedes: “Every two weeks I might get one or two losses. We always let people know that trading is a substantial risk, but because I document my sessions live people feel comfortable investing. If I send out a signal being a loss we let our customers know.”
Online reviews of the service are mixed with some accusing him of being a scammer, but others claim to have made “serious money”.
“Of course I’ve realised with success comes hate,” said Javid. “Usually the people who leave these reviews are people I’ve never come across or had as a client. Right now every day is different in my world as an entrepreneur.”