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A California teen who gained internet fame as 'Instagram's richest kid' is now living the down and out life in jail for committing the lowly act of selling a stolen iPhone online. While 18-year-old Param Sharma's Instagram antics often included him showing off his multiple iPhones, he claims it was someone else's that he listed on Craigslist as a favor which won him a 90-day sentence August 18.