31-year-old millionaire has zero sympathy for unemployed Gen Z’s ‘excuses’—he says ‘it is scarily easy’ to build a business and get rich right now

Timothy (Tim) Armoo became a millionaire before turning 30 and now believes that it is scarily easy for Gen Z to build wealth in today's world. Despite the brutal job market and AI concerns, Armoo insists it is the greatest era of wealth creation ever. In an interview with Fortune, he urged young people not to feel bored as they have access to unprecedented technology.

Armoo started his first business, a tutoring service, at 14 and scaled it to 65 tutors in six weeks. By 17, he had sold his publication, Entrepreneur Express, to Horizon Media. He then founded Fanbytes, an influencer marketing agency, which was later acquired by Brainlabs for an eight-figure sum when Armoo was 27. Now, Armoo is investing £5 million ($6.7 million) in AI startups through his Legon Fund, aiming to support minority entrepreneurs.

He believes AI has made it easier than ever to become an entrepreneur, with the tools and infrastructure available now allowing people to start and grow businesses without leaving their homes.