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Friday, March 29, 2024

YouTuber Max Fosh became world’s richest man with twice the net worth of Elon Musk

Although for a very short time, a UK man became the world’s richest, with a net worth almost double that of Tesla’s Elon Musk. Here’s how YouTuber, Max Fosh did it.

Max Fosh, is a YouTuber from the United Kingdom, who has more than 6 lakh subscribers. Fosh became the world’s richest man for seven long minutes, with a net worth nearly double that of Tesla founder Elon Musk. Fosh recorded a comprehensive video outlining how he did it and posted it on his channel with the caption: “Come at me Elon.”

This is what Fosh says in the video, which has had over 5.75 lakh views: “If I founded and registered a corporation with 10 billion shares with about unlimited money limited and sold one share for 50 pounds as an investment opportunity, theoretically, that would legally value my firm at 500 billion pounds. That would make me the wealthiest person on the planet, completely decimating my nearest opponent Elon Musk.”

However, there is a catch. He could be charged with “fraudulent activities.”

Fosh mutters, “That’s not good.”

In the eight-and-a-half-minute video, he establishes Unlimited Money Limited from the ground up. In the registration process, he enters “earning money” under the heading “What will the firm 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 it took him to grab a cup of coffee after completing his application. He shares the Certificate of Incorporation Of A Private Limited Company that made his “Unlimited Money Limited” an official company, astounded by the quickness and promptness.

It is now time to dress the role – as the world’s richest guy. He rummages through the washing basket for the one outfit he possesses. He then walks to the financial area, armed with a table, a chair, and a bedsheet to cover the table, looking smart in his suit, tie, and glasses.

Then he starts his pitch. He tries to halt passers-by, enticing them with a “investment opportunity.” Even in his attempts, he is ethical in that he advises prospective investors, “It is not a financially safe investment.”

Many ‘Nos’ later, he strikes gold. When a woman 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 documents “to decide his fate.”

He receives a response from the value advisor two weeks later. “Given the range of information provided 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, excitedly.

His exhilaration, though, is fleeting.

Because the company has no revenue and hence nothing to back up this valuation, he declares in surprise that he is “technically being accused of fraud.” Now he faces the mammoth challenge of locating that one woman who had purchased a share for him in order to dissolve the corporation, as indicated by the valuation expert.

However, he discovered her email address on the paperwork and contacts her. Finally, with her approval, he adjourns the meeting.

With nearly 1,400 comments, the video has 49,000 “likes” and zero “dislikes.”

“I feel like this might have broken the record for losing the most money in the shortest amount of time,” one person commented.

Another joked, “At this point, Max has rubbed hands with the elite, attended the most exclusive clubs and events, and risen to the position of world’s richest man.”

I swear he’s finished every Skyrim mission in real life. He’ll be king or president next,”

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