With a net worth nearly double that of Tesla inventor Elon Musk, a UK man became the world’s richest for a total of seven long minutes. Max Fosh, a YouTuber with over 6 lakh subscribers, recorded a comprehensive video outlining how he accomplished it and posted it on his channel with the caption: “Come at me Elon.”
“If I created and registered a company with 10 billion shares with about unlimited money limited and sold one share for 50 pounds as an investment opportunity, that would legally value my company at 500 billion pounds, technically,” he says in the video.
“That would make me the richest man in the world decimating my nearest rival Elon Musk,” he adds. But there is an issue. He could be accused of “fraudulent activities”. “That is not good,” he says.
Watch the video here:
In the registration procedure, he enters “making money” under the heading “What will the company be doing?” According to the Registrar of Companies for England and Wales, the process takes two days. Max, on the other hand, took as long as needed to grab a cup of coffee after completing his application.
He shares the Certificate of Incorporation Of A Private Limited Firm that made his “Unlimited Money Limited” an official company, astounded by the quickness and promptness. Then he starts his pitch. He attempts to halt passers-by, enticing them with an “investment opportunity.” Even in his endeavours, he is ethical in that he advises prospective investors, “It is not a financially secure investment.” When a lady finally agrees to buy a share for 50 pounds, it is time to take the documentation to the valuation advisor. The following day, he sends the paperwork “to decide his destiny.”
He receives a response from the valued advisor two weeks later. “Given the variety of information supplied to us, the market valuation of Unlimited Money Limited has been valued at 500 billion pounds,” he reads from the advisor’s letter to him, eagerly.
Because the firm has no income and hence nothing to back up this valuation, he declares in surprise that he is “technically being accused of fraud.” The main challenge was o discover the contact details of the woman who had invested. He discovered her email address on the paperwork and contacts her. Finally, with her approval, he adjourns the meeting.
