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This 29-year-old from one of London’s poorest neighborhoods became a millionaire after selling his influencer marketing firm [Video]

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Marketing for Entrepreneurs

Timothy Armoo, co-founder and former CEO of Fanbytes.

Timothy Armoo

Timothy Armoo is a 29-year-old millionaire who became rich by selling his influencer marketing firm for eight-figures, but the young, Black entrepreneur had to beat the odds to find success.

Armoo, the co-founder and former CEO of Fanbytes, hails from what was one of the most impoverished areas in south London and as a teenager lived with his dad on a fourth floor council estate — public housing — on Old Kent Road in the borough of Southwark.

“It was the poorest place,” Armoo told CNBC Make It in an interview. “It was at the peak of when Peckham, Brixton and Old Kent Road were having their beef [British slang for conflict] so it was in the middle of the gang warfare. Between 2005 and 2012 was the peak of the South London gangs.”

Trust for Londonnames Southwark as one of 19 boroughs that have “significantly” higher levels of poverty compared to …

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