How a man became the "World's Richest Person for 7 Minutes"
A British man claimed on YouTube that he became the "world's richest man for seven minutes" after establishing the "unlimited money limited" company.
Max Fosh registered the company online as unlimited money limited, and in the box that asked what the company would do, he typed - making money. However, an error message appeared, asking him to select the company's business activity.
Fosh checked the box that said "manufacture of macaroni, noodles, couscous, and similar farinaceous products" casually. However, he admitted that he does not understand what "farinaceous" means but says "that's what the company does".
His bid to become a billionaire went viral on the internet, with users having a great time.
What a pity, @max fish. I was desperate to own a piece of a company worth £500,000,000,000. pic.twitter.com/G7Z01oO6lh
Olli (@knokbak), 13 February 2022
Hey, @max_fosh, why does this say that Unlimited Money Limited is still activehttps://t.co/cjRRENe3PF— CallMeFlamango 💖🇺🇦⚪ (@CallMeFlamango) February 13, 2022
So I saw Max Fosh's latest video where he became the "richest person in the world for 7 minutes" by setting up a company, issuing 10 billion shares, and convincing a stranger to buy 1 share for £50, and whilst silly it does raise a serious point about net worth— Adam Belcher (@ABanimationLtd) February 17, 2022
He then discovers that ten billion shares "work" and proceeds to "submit" his online application, which the website states will take two working days to process.
He obtains a "certificate" and declares that "unlimited money limited" is now "officially" a corporation.
"If I created and registered a company with 10 billion shares and sold one share for 50 pounds as an investment opportunity, that would legally value my company at 500 billion pounds, technically," he declares, "that would make me the richest man in the world absolutely decimating my nearest rival Elon Musk."
I snuck into the international security convention under the name Rob Banks.— Max Fosh (@max_fosh) November 2, 2021
Vid out on the channel! pic.twitter.com/AvrbybF5GJ
Despite the fact that he admits it could be deemed "fraudulent," he refuses to call it that. "That's bad," he says. He then wears a suit and sets up shop in London's financial district and after some persuasion even finds an "investor" who signs a 50-pound deal completing the "stock transfer". He then forwards the documents to the valuation expert.
Two weeks later, he receives his response - and the market cap is valued at "500 billion pounds," making him the "richest man in the world." However, because the company has no revenue and no manufacturing, the letter states: "due to lack of revenue activity, it is highly likely that you are now being accused of fraudulent activity."
"Unlimited money limited" should be "dissolved," according to the letter. Fosh promptly closes the company without first asking the lone "shareholder" if he is willing to reimburse the 50 pounds. However, he adds that the "certificate" will be framed.
The video has received over 719,850 views so far. "I became the world's richest man for 7 minutes," the headline proudly proclaims.