Shaurrya Chaudhary, a student of Dubai International Academy, Emirates Hills, is working on launching an Indian financial literacy platform for children in the UAE. This thirteen-year-old boy also expressed his desire to become the world’s youngest self-made billionaire, saying, “I’ve wanted to be an entrepreneur since I turned eight.”
For Shaurrya, the world of financial management is a piece of cake compared to many adults who find it complicated. He has investments in stocks, gold, cryptocurrency and NTFS. “ ‘I am in World’ is a leading platform that enables parents to empower their children and make them financially smart,” Shaurrya told the Khaleej Times.
The teen started dabbling with business at the age of eleven as he cracked business deals for his father. After his father, Mahesh Chaudhary, took over the management of his company Vision Concept Aviation Training Institute, in 2017, they moved to the UAE. Shaurrya arrived in the country in April 2019 at the end of his academic year in India and registered for the new term in the UAE. “I had about four months to myself. During that time, I worked for my father and he put in his employment for a stipend of about 2,000 Dirham per month. I learnt a lot during that time and was even able to crack a few deals for my dad’s trading businesses,’ Shaurrya said to Khaleej Times.
Business is not unknown to him as it runs in their family. The father-son duo said, “We come from a Marwari family. Marwaris are an Indian ethnic group that originates from the Rajasthan region and are well-known to be traders and business people. A lot of our dinner conversations would revolve around business.”
The ‘kidpreneur’ learnt a lot of financial concepts from a platform called “I Am in World” that offers financial literacy to kids from Grade 1 to 12. He said, “The platform teaches kids financial concepts through interactive stories. After I completed their level three and level four courses, I grew fascinated with the programme as it helped me learn more about money and how to grow my finances. For example, instead of investing in Apple company stocks, the programme guides you to invest in social media influencers. The decisions can be made by following logical market trends.”
Shaurrya proposed the company market its financial literacy school course in the UAE. The company liked his idea and signed up Shaurrya to market its financial literacy course exclusively in the UAE. Shaurrya and his father are now in talks with UAE authorities for the platform’s launch. He added, “If this picks up, I intend to fully invest in it after I finish school.”
