Timothy Armoo, a co-founder and former CEO of influencer marketing firm Fanbytes, is not what you might expect from a multi-millionaire.
Armoo made his money selling Fanbytes to digital marketing agency Brainlabs in May 2022 for an eight-figure sum (the exact amount has not been made public).
But the young entrepreneur told CNBC Make It that he felt "almost too crippled to spend the money" after growing up poor in public housing in south London.
"I would track it every week, maybe twice a week," he said.
"I said: 'I would like to come and take out a million pounds in cash.'"
Persons:
Timothy Armoo, Armoo
Organizations:
Brainlabs, CNBC
Locations:
Africa, London