Who Is ADAM KHOO And How Much is His Net Worth
Napoleon Hill’s quote, “No man ever achieved worthwhile success who did not, at one time or the other, find himself with at least one foot hanging well over the brink of failure,” rightly describes the life of Adam Khoo.
The Singaporean stock and FX trader didn’t have it smooth at the early years of his life as he struggled academically and was expelled from the primary school he attended. His near breakthrough came when he participated at the Super-Teen camp for a five-day residential program. It was there that Dr. Ernest Wong discovered him and brought out his potential.
Not long after, Khoo, who enjoyed reading just comics and nothing else, had the best result in his school for the GCE’ O’ Level examination and later became the first person from his secondary school who qualified for the top Junior College in Singapore.
Dr. Ernest’s teachings eventually paid off. It also brought out the motivational skills that made him make his first million and set the foundation for his successful career and authorship of many of his books and seminars.
Not surprisingly, at age 15, Khoo was abreast of Buffett’s investment techniques as he devoured Warren’s books. The formerly called ‘dumb kid and lazy student’ became a vast reader and learner. He attended training courses like Neuro-linguistic Programming.
At age 17, Khoo became a freelance motivational speaker to students who needed the academic breakthrough he just had. At 21, Khoo partnered with three of his friends to establish an event management company called Creatsoul Entertainment.
His business management prowess made his father, Vince Khoo, hand over Adcom (advertising agency) to him, which he ran successfully.
Adam Khoo Net Worth
Adam Khoo made his first million at age 26 through motivational speeches in schools and companies, profits from the entertainment company he started with three of his friends, investment in stocks, and unit trusts.
Latest finding shows that he has an estimated net worth of around $250 million.
In 2008, Khoo was among the under age 40 Singaporeans who were ranked top 25 richest Singaporeans by the Executive Magazine.
Adam Khoo started dabbling in the stock market while in the army. He prefers to invest in stocks and uses different strategies like:
- Momentum investing – buying stocks that have had high returns over the past months and selling stocks with poor returns over the same period.
- Value investing – buying tradable financial assets that appear underpriced by some form of fundamental analysis.
Adam Khoo has some investment principles, which includes:
- Long term investment – Rather than see forex as a get rich quick scheme, Khoo is a conservative investor who trades to get his returns after a long term.
- Low-risk investment – He goes for investments with low risks and uses the proper risk management in his stocks and forex trades.
Khoo organizes a forex trading course where he shares practical methods for trading the forex markets. The course covers the different topics on forex, which includes the basics of forex, conceptual knowledge needed by building a solid forex foundation, philosophy of trading, management of loss, trading plan necessity, detachment of emotions from trading, etc.
Through the course, some of Khoo revealed some of his trading techniques which includes:
- Setting order after a market retraces back to its set up
- Using 15 minutes chart
Apart from Piranha Profit, Khoo also organized different seminars like wealth academy, a program designed to help stock analysts, financial planners, investors, traders, etc., achieve financial freedom.
He is also the founder of Adam Khoo learning technologies group (AKLTG), one of Singapore’s largest private training and educational institutions.
His books have inspired many to achieve financial freedom. Some of his notable books are ‘Secrets of Self-made Millionaire’ and ‘I am Gifted, So Are You!’