At 27, this college dropout became a multi-millionaire. At 33, his $100 million net worth can't buy him 'peace of mind or purpose'
anxiety and depression following the sale of his company in 2018. Jake Kassan, who was 27 at the time, parted ways with his business for an impressive $100 million, believing that financial success would lead to lasting happiness. However, the young entrepreneur has since opened up about the emotional toll that wealth took on him, admitting that he struggled with a loss of direction and frequently faced overwhelming feelings of anxiety and depression.
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Kassan, who did not complete college, was the brains behind MVMT Watches, a brand that gained widespread popularity before he sold it to the Movado Group, leaving him with a fortune. Despite achieving what many would consider the pinnacle of success, he found himself struggling with an unexpected internal crisis.
«When I was younger, my ultimate goal was always to achieve financial independence,» Kassan shared with CNBC Make It. «I genuinely believed my purpose in life was to accumulate wealth.»
However, his perspective shifted dramatically after finalizing the sale of his company. The newfound wealth did not bring him the fulfillment he had envisioned. «I felt like I had lost my sense of purpose,» he confessed. «For years, my identity was tied to being an entrepreneur. But suddenly, I no longer had a clear mission that felt meaningful.»
The emotional turmoil he faced only intensified in the months following the sale. Kassan found himself grappling with persistent anxiety and panic attacks, feelings he had not anticipated. As time went
