Crorepati Story: What kind of millionaire is he? He has no house of his own, no property at all, so what does he do with his money?

When you mention the word millionaire, you must have a picture in your mind: an expensive car, a big house and servants, but today we are going to tell you about a millionaire who doesn’t even have his own house. Not only that, he has not purchased any property, but he is also the co-founder of a company.

We are talking about Timothy Armoo, co-founder and former CEO of influencer marketing company Fanbytes, who doesn’t even own a house. Armoo ​​sold Fanbytes to digital marketing agency Brainlabs for an eight-figure sum in May 2022 and pocketed crores of rupees from it, but he neither bought a house nor spent any luxury items from it.

So where do you spend your money?
According to CNBC, he spent his childhood in poverty in London, so it was difficult for him to spend money. Timothy Armu said that he invested tens of millions of rupees in multiple investments. They invested the money in everything from fruit business to funds for the sale of lithium mines in Africa, from which they could earn huge income. Armu invested the money in index funds. Apart from this, they also invested in many stocks. They also invested in government bonds and securities.

Why don’t you buy a house?
The millionaire said he doesn’t even have a house and doesn’t want to buy any property. He said he has no family and no partner, so he doesn’t need a house now. He said to make money, I prefer to invest in business rather than real estate.

Childhood spent in poverty
Amu himself said that his childhood was spent in extreme poverty. There was a lack of money even for food. Even today, they still feel that as long as they spend money, all the money will be spent. That’s why they don’t think about spending too much money, but focus on investment.