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Former Homeless Man Is Now Millionaire And Bought All His Family Houses

Claire Reid

| Last updated 

Former Homeless Man Is Now Millionaire And Bought All His Family Houses

A man who immigrated to the US with $500 in his pocket and had to sleep on park benches is now a self-made millionaire.

Nick Mocuta grew up in Romania but decided to head to the US to try and make a better life for himself and aged 21, with just $500 to his name, he moved to Los Angeles.

However, he was unable to find a place to live and spent weeks sleeping on park benches and struggling to feed himself.

Credit: Jam Press
Credit: Jam Press

He said: "The first cab I took to the city cost me about $100 which left me with $400 to myself - it was a culture shock, I will never forget that part.

"I found myself homeless in LA, slept on benches in the parks and ate on a very tiny budget.

"I'd go to buy a dollar burger at McDonald's and tell them 'no cheese' so that I wouldn't get charged extra."

Over the following months, Nick was able to land some low-paying jobs and saved up enough cash to get a deposit on an apartment and gained his real estate broker licence.

But in 2013, Nick decided to try out an 'experiment' selling imported items on eBay, which sparked a love of ecommerce that would make him his fortune.

Within six months he was pulling $3,000-$4,000 a month and decided to quit his job as a broker to focus on his own business, moving fully into e-commerce.

Credit: Jam Press
Credit: Jam Press

He said: "I grew up in a family where my dad was an accountant and my mum was a teacher so school was the number one thing that I was focused on growing up, but after graduating I emigrated to America with a burning desire to do more and become more.

"I always thought that online is the future and I wanted to be part of it."

Fast forward nine years and Nick now owns multiple online stores on sites including Amazon and Walmart.

The millionaire, who has so far raked in $40 million in revenue, also has hundreds of partnerships with clients, as well as flogging products of his own.

Nick has spent his hard-earned cash on a portfolio of 100 flats across the US and Romania, as well as four luxury cars - including a Bentley Continental and Mercedes GT S63 AMG.

Credit: Jam Press
Credit: Jam Press

He says he will remain eternally grateful to his late grandmother who gifted him that $500 that he first came to the US with, and looks after his other family members, having bought his parents and brother a flat each.

Nick said: "I think the reason I am successful is because I was never afraid to lose, just of not trying.

"I'm very perseverant and never give up. I fail seven times, I get up the eight.

"And I love the fact that I can work from home and all I need is a laptop and internet and I'm in business."

Featured Image Credit: Jam Press

Topics: Money, Inspirational, US News

Claire Reid
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