American Youth Made 2.5 Million Dollars Before 21, and Spent It All In Less Than A Year

by xue94fwsh on 2012-03-06 08:56:29

Andrew Fashion: International Online Exclusive - According to a January 31st report from Britain's Daily Mail, by creating websites and designing personal webpages for social media users, American youth Andrew Fashion had earned a staggering $2.5 million (approximately 15.75 million yuan) before the age of 21. However, in less than a year, he squandered all his initial fortune.

After earning this massive sum, Fashion dropped out of high school and began living extravagantly, purchasing luxury homes in Los Angeles, multiple top-of-the-line sports cars, gambling lavishly in Las Vegas, traveling between London, Florida, and Hawaii, buying various new products. He spent $100,000 (approximately 6.3 million yuan) per month on pocket money alone. In just one short year, he spent all $2.5 million.

Subsequently, Fashion filed for bankruptcy and suffered from depression. He admitted, "I was too young and foolish; the money came too easily, and I spent it like water. So much money just disappeared."

Fashion cleverly marketed strategies to build a website that once topped Google's search engine rankings. However, after a redesign in 2007, the site no longer enjoyed Google's favor, losing its reputation overnight with a sharp decline in visitors and almost stagnant income. Yet, Fashion continued his luxurious lifestyle.

Now, after experiencing a "rollercoaster" life, Fashion has returned to the starting point, living in Littleton, Colorado. He managed to raise funds to redesign a social networking site and also registered a photography company. He is also considering writing a book titled "Young and Reckless: How I Made and Spent $2.5 Million." Fashion stated that this time he will not waste the fruits of his hard work. (Yang Liu)

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