India, Feb. 3 -- A multi-millionaire founder of a Los Angeles based company said that he struggled with anxiety and depression after selling his company in 2018. 27-year-old Jake Kassan sold his company for $100 million and thought that the money would make him happy. Now, the entrepreneur has opened up about how after becoming rich, he lost his sense of purpose and regularly struggled with bouts of anxiety and depression.

A college dropout, Kassan had started accessory brand MVMT Watches and sold it to the Movado Group, walking away a multi-millionaire.

"The North Star when I was younger, was always financial freedom," Kassan told CNBC Make It. "So my purpose, I always felt was: I wanted to make money."

However, soon after the sale he...