YouTuber Explains How He Became Richest Person In The World For 7 Minutes
Shola Lee
Featured Image Credit: Max Fosh/Alamy
YouTuber Max Fosh has explained how he became the richest person in the world for just seven minutes.
For the same amount of time it takes you to nip to the corner shop, Fosh claimed to be richer than Elon Musk – and by quite a margin.
The Tesla CEO sits on a dragon's hoard of wealth, with his net worth projected to be $265 billion; Fosh, however, has made that amount look ridiculous, claiming to have amassed nearly double that in little more than seven minutes.
So, how did he do it?
Well, he started by making a fake company. That's right, this probably isn't the most legitimate rags to riches story you'll ever hear, but at least it's entertaining.
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Setting out to become the richest person in the world, Fosh registered his mock company, 'Unlimited Money Limited' to Company House via their online form.
While the company name was a solid 10, the business plan dwindled somewhat.
When Fosh was asked what the company would be doing, he chose the option: "Manufacture of macaroni, noodles, couscous and similar farinaceous products."
Next was registering shares, and this proved to be an integral part of Fosh's plan, with the content creator choosing the maximum number of shares available for a company in the UK (10 billion).
A short while later, the company's official certificate came through and Fosh set off to the financial district to 'sell shares'.
Suited up and standing by a very dodgy-looking table, Fosh approached potential investors, explaining: "I've set up a company and I've issued 10 billion shares in that company.
"I'm trying to sell one share for £50. Thus, valuing the company at £500 billion."
And, what's probably most impressive about this whole thing, is that he got someone to invest, with a passerby getting cash out and signing a stock transfer form.
Fosh then sent off the necessary documentation for valuation, to settle whether or not he was now the richest man in the world.
Two weeks later, he had his answer.
"The market cap of Unlimited Money has been assessed as £500 billion."
While this would technically make Fosh the richest man in the world, there was a big drawback; as his company has no revenue to back up the valuation, he was 'technically being accused of fraud'.
The valuators ended their letter by saying: "There is a high likelihood that you are now being accused of fraudulent activity. It is for this reason we highly recommend Unlimited Money Limited is dissolved as a matter of urgency."
Fosh then frantically tried to close the company, but to do that you need permission from your shareholders.
So, he got back in touch with the one person kind enough to invest – and so ends the tale of how Fosh became *sort of* the richest man in the world for a few minutes.
You probably shouldn't try this yourself.
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