UK Based YouTuber Becomes Worlds Richest Man for 7 Minutes

Story Highlights
  • Max Fosh, a YouTuber from UK surpassed Elon Musk.
  • Claimed to hold net worth double than the Tesla man.
  • Shut down his company Unlimited Money Ltd, on being accused of fraud.

United Kingdom:  A YouTuber has claimed to have surpassed Tesla founder Elon Musk, for a brief period of 7 minutes on Thursday. Max Fosh, a UK based YouTuber who has six lakh followers became the world’s richest person with a net worth nearly twice that of Tesla Gig. However, his stint was short-lived after he realized he had to dissolve his company after he exploited a market capitalization loophole and was being accused by the UK Authorities of fraud.

He shared a video of how he made this happen and why he had to close his company. In the video named, ‘Come at me Elon’, explains the procedure to set up a company in the UK. After which he works on identifying his niche and naming himself. Next up were shares. He decides on 10 billion. “If I created and registered a company with 10 billion shares, and then sold one of those shares for 50 pounds, that would legally value my company at 500 billion pounds, thus making me the richest man in the world, absolutely decimating my nearest rival Elon Musk,” Mr Fosh said in the video.

Soon after his first investor at his street office, Fosh received a letter stating his company Unlimited Money Ltd be dissolved at the earliest. The letter read- “Given the range of information provided to us, the market cap of Unlimited Money Ltd has been assessed as 500 billion pounds. Due to lack of revenue activity, there is a high likelihood that you are being accused of fraudulent activity. It is the reason we highly recommend Unlimited Money Limited is dissolved as a matter of urgency.”

And thus Fosh claimed himself to be the world’s richest man for 7 minutes.

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