INVESTING
CMORQ’s founder, Hossein Azari, knows firsthand the consequences of disastrous monetary policy.
Why Billionaires Are Backing CMORQ’s Altruistic Mission to Create
Inclusive Capitalism By Davis Richardson
Growing up in Iran in the aftermath of the 1979 Revolution, his family stuffed suitcases of US Dollars to contend with hyper-inflation. Faced with rapidly devaluing local currency, preserving value became a matter of survival to build a better life. “Growing up I remember I bought ice creams for 50 Rial (Iran’s currency) to 5000 Rial.” Azari said, a 100x increase on the price of daily usual things under 20 years!
“In the West, we take for granted a sound economic system that safeguards its citizens’ money through financial institutions. But nothing is certain in this world, and governments are always subject to change,” the entrepreneur tells Impact Wealth. “Decentralization is the best path for ensuring an individual truly owns their capital and is not beholden to government or centralized entities with their own agendas.” Azari went on to obtain both a PhD in Computer Science and master’s degree in Statistics from Harvard University. While receiving his MBA from Columbia, he founded the personal finance app Clarity Money--which was built on the premise of helping users lower their monthly bills. Using Artificial Intelligence to draw attention to repeating transactions and other spending patterns, the app empowered a wide range of users with varying income levels to make healthier financial decisions. Ascent of Money author
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