This is how sneaker entrepreneur Stepan Timoshin became a millionaire at the age of 17

This is how sneaker entrepreneur Stepan Timoshin became a millionaire at the age of 17

The resale of limited edition sneakers made Stepan Timoshin a millionaire at the age of 17 – but first he had to go to court. In the interview he speaks openly about money – and about his plans to become president of Hertha BSC.

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Mister Timoshin, you made your fortune reselling sneakers. How many pairs of sneakers do you own?
I have around 800 pairs of shoes. A lot of them are sent to me and I also get them cheaper when I buy them. I wear maybe five pairs on a regular basis. Shoes are part of my image and they are my passion.

Which is your most valuable shoe?
This is the first one I started reselling with, the Air Jordan 5 Shanghai. I bought three pairs back then, sold two for 300 euros each and one is still here in my apartment, in a box with a payment receipt. I wouldn’t sell that for 100,000 euros either.

Source: Stern

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