| This man from UK became the richest man in the world by overtaking Elon Musk! But only for 7 minutes… but how? Feb 18th 2022, 13:38, by Usama Younus A YouTuber has claimed that he has become the richest person in the world, with a net worth almost twice that of Tesla founder Elon Musk, but he became the richest person in just 7 minutes. Max Fosch, a YouTuber with over six million subscribers, made a full video explaining how he did it and shared it on his channel called Come at me Elon. Fosh, who allegedly took advantage of market capitalization loopholes, but soon realized he needed to immediately dissolve his company, as he was being accused of fraud by authorities in the UK. In the video he is talking about how he started a company. "In the UK, setting up a company is fairly easy. The company is called home, and you essentially fill out a form," Fosh said in the video. In an eight and a half minute long video, he immediately forms a company – Unlimited Money Ltd. They also decided that the company would make macaroni, noodles, couscous and other similar products. Fosh comes very early in the registration process and they ask 'What will the company do?' In this, he wrote 'Paisa Banana' in the title. When it came to shares, the YouTuber decided on 10 billion. He said, "If I created and registered a company with 10 billion shares, and then sold one of those shares for £50, it would legally value my company at £500 billion, so that's how I got it." Will make you the richest man in the world, my closest rival Elon Musk will be left behind." Several "no"s later, he finds luck. Eventually a woman agrees to buy a share for £50. Fosch asks him, "Why would you want to invest in this company?" She replies, "In a jiffy, I feel like it had to happen, and I'll eventually get something out of it." After getting no reply from many sides. Eventually a woman agrees to buy a share for £50. Fosch asks him, "Why would you want to invest in this company?" She replies, "In a jiffy, I feel like it had to happen, and I'll finally get something out of it." Now is the time to go to the valuation advisor with the paperwork. The next day he sends the documents "to decide his fate". Two weeks later, he got a reply from Valuation Advisor. "Considering the extent of the information given to us, the market cap of Unlimited Money Ltd. is estimated at £500 billion," he reads enthusiastically from the advisory letter. But their enthusiasm is only for a short time. The original part of the letter continues, "Due to the lack of revenue activity, there is a high probability that you are being charged with fraudulent activity. That is why we immediately recommend that Unlimited Money Ltd be contacted immediately." be dissolved as such." Now he looks for the woman who agrees to buy the company's shares as he is advised by the valuation advisor. But they get his email on the paperwork and finally, with her permission, they end the meeting. The video garnered over 61,000 "likes" and zero "dislikes". The post This man from UK became the richest man in the world by overtaking Elon Musk! But only for 7 minutes… but how? appeared first on Insure Beast. |
