Feb 18: A UK man became the world’s richest for a whole of seven long minutes, with a net worth nearly twice that of Tesla founder Elon Musk.
Max Fosh, a YouTuber with over six lakh followers, made a full video detailing how he did it and shared it on his channel with a descriptor: 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 has amassed over 5.75 lakh views so far.
“That would make me the richest man in the world absolutely decimating my nearest rival Elon Musk,” he adds.
But there’s a catch. He could be accused of “fraudulent activities”. “That is not good,” he sighs.
In the eight-and-a-half-minute-long video, he creates a company from the scratch – Unlimited Money Limited. He is quite forthcoming in the registration process as he lists “making money” under the header “What will the company be doing?”
But there’s a catch. He could be accused of “fraudulent activities”. “That is not good,” he sighs.
Amazed by the speed and prompt, he shares the Certificate of Incorporation Of A Private Limited Company that made his “Unlimited Money Limited” an official company.
Now, it is time to look the part – of the world’s richest man. He tries to fish out the one suit he owns from the laundry basket.
He then heads to the financial district with a table, a chair, and a bedsheet to cover the table, looking dapper in his suit and tie and glasses.
Then begins his pitch. He tries stopping passers – by, attempting to lure them with an “investment opportunity”. But even in his attempts, he is ethical as he warns prospective investors: “It is not financially a very safe investment.”
Many Nos later, he finds luck. As a woman finally agrees to buy a share for 50 pounds, it is now time to head to the valuation advisor with the paperwork. The next day he ships the documents “to decide his fate.”
Two weeks later, he hears back from the valuation advisor. “Given the range of information provided to us, the market cap of Unlimited Money Limited has been assessed at 500 billion pounds,” he excitedly reads from the advisor’s letter to him.
But his euphoria is short-lived. Since the company has no revenue and therefore, nothing to back up this valuation, he was “technically being accused of fraud”, he announces in disbelief.
Now, he finds himself faced with the herculean task of finding that one woman who had bought a share for him to dissolve the company, as suggested by the valuation advisor. But he found her email on the paperwork and reaches out. Finally, with her permission, he dissolves the meeting.
The video has 49,000 “likes” and zero “dislikes” with nearly 1,400 comments.
“I feel like this might have broken the record for losing the most amount of money in the shortest period of time,” a user wrote.
“At this point Max has rubbed shoulders with the elite, joined the most exclusive clubs and events, and become the world’s richest man. I feel like he’s literally completing every Skyrim quest IRL. Next he’ll become royalty or a president,” quipped another.
