With a net worth nearly double that of Tesla founder Elon Musk, a British guy became the world’s richest for seven minutes. Max Fosh, a YouTuber with over six lakh subscribers, created a comprehensive video demonstrating how he did it and posted it to 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 has amassed over 5.75 lakh views so far.
He further adds, “That would make me the richest man in the world absolutely decimating my nearest rival Elon Musk,”
However, there is a catch. He may be charged with “fraudulent activities.” He groans, “That’s not good.”
In the eight-and-a-half-minute video, he establishes Unlimited Money Limited from the scratch. He declares “making money” under the title “What will the company be doing?” during the registration process.
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The process takes two days, according to the Registrar of Companies for England and Wales. Max, on the other hand, took as long to submit his application as it took him to grab a cup of coffee.
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’s now time to dress the role – of the world’s richest guy. He rummages through the laundry basket for the one outfit he possesses.
He then makes his way to the financial area, carrying a table, a chair, and a bedsheet to cover the table, looking smart in his suit and tie and glasses.
Then he launches into his pitch. He tries to attract passers-by by offering them an “investment opportunity.” Even yet, he is ethical in his efforts, warning potential investors, “It is not a financially very safe investment.”
After a slew of Nos, he strikes it rich. It’s time to take the paperwork to the value advisor after a woman finally agrees to acquire a share for 50 pounds. He sends the docs “to decide his fate” the next day.
He receives a response from the value advisor two weeks later. He eagerly reads from the advisor’s letter to him, “Given the range of information provided to us, the market cap of Unlimited Money Limited has been assessed at 500 billion pounds,”
But his happiness is short lived.
He proclaims in surprise that he was “technically being accused of fraud” because the company has no income and thus nothing to back up this valuation.
Now he is confronted with the monumental task of locating the one woman who had purchased a stake in the company in order for him to dissolve it as indicated by the valuation advisor.
However, he discovers her email address on the paperwork and contacts her. Finally, he adjourns the meeting with her permission.
The video has gone viral on YouTube with great responses fron Netizens.
