There is no doubt that Elon Musk is the friendly neighbourhood entrepreneur and business magnate who happens to be a billionaire along with being the founder, CEO and Chief Engineer at SpaceX and the CEO of Tesla, Inc. Elon Musk is also the founder of Boring Company and the co-founder of Neuralink and OpenAI.
Mr.Musk is a well-established individual who is also the richest person on earth until he was very recently knocked down to the second position by a 26-year-old YouTuber named Max Fosh. The man claimed that he managed to become and remain the richest person on the globe for 7 whole minutes before he was knocked down.
Who Exactly Is Max Fosh?
Maximilian Arthur Fosh is a 26-year-old individual from the United Kingdom. He was formerly known as StreetSmart and currently makes a living as a YouTuber and radio presenter. He started making and uploading content in the autumn of 2017 and has since won the award for ‘Best Newcomer’ in the 2017 National Hospital Radio Awards for his contributions to Radio Tyneside.
His content revolves around various stunts he performs such as sneaking in the London International Security exhibition, printing his CV onto his car and running as a candidate for the Mayor of London. In January 2022 he organised a stunt in which he projected dad jokes onto the Angel of the North as part of his YouTube video.
Recently, he posted a video on his YouTube channel claiming that he became the richest man on earth, surpassing Elon Musk’s net worth for 7 minutes after he opened a company called ‘Unlimited Money Limited.’
How Did He Manage To Pull This Off?
Max Fosh, like most YouTubers out there, was struck by an impromptu idea that would eventually become a great prompt for his video. He has documented the entire process and experience of becoming the richest man on earth for 7 minutes on his YouTube channel.
Max wakes up one morning and decides to set up a company for the fun of it. As the laws for registering a company in the United Kingdom are quite easy, he goes onto the official website and sets up his company under the name of “Unlimited Money Limited”.
Under ‘what would the company be doing?’ Max tried to type in “making money” but was unfortunately rejected.
He then chose a pre-approved aim from the list of items available which read as “manufacture of macaroni, noodles, couscous and similar farinaceous products” admitting to his audience and himself that he has no clue what the word ‘farinaceous’ means. Now came the interesting part of selecting the number of shares the company would have which would eventually decide its valuation.
Max tried to choose the most outrageous numbers possible such as 1 trillion and 1000 billion shares, both of which were not accepted by the website. Ultimately, he settled on the company having 10 billion shares. He sent in the application which was approved 2 days later providing him with an official certificate.
“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 while declaring, “That would make me the richest man in the world absolutely decimating my nearest rival Elon Musk.”
All he had to do now was find a couple of shareholders which was easier said than done. Max got dressed and camped in the financial district of London for hours in the search of at least one person who would want to buy shares in ‘Unlimited Money Limited’. His first shareholder appeared in the form of a lady named Hope.
He sold her one share which was worth 50 pounds. Then he packs all of the documents into an official envelope and sends it off to the validation advisor.
He receives a response two weeks later which declares that the market cap of his company has been calculated to be 500 billion pounds, thus making Max’s net worth higher than that of Elon Musk.
What Happened After All This?
Along with the response declaring the market cap of Unlimited Money Limited, Max received a letter. Since the company has no revenue and does not manufacture anything, the letter declares that “due to lack of revenue activity, it is highly likely that you are now being accused of fraudulent activity.”
It recommends that the company be dissolved to avoid charges. Fosh immediately goes ahead and calls the lone shareholder to discuss the closing down of the company and reimburses her the 50 pounds she has paid.
The video ends on a happy note by Fosh saying that he is going to frame the certificate and thus, Maximilian Fosh became the richest man on earth for a total of seven minutes which he measured by the clock on his oven.
Disclaimer: This article is fact-checked
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