You started a company, became the richest man in the world, got accused of fraud, and dissolved everything to save yourself. Truly a financial inspiration
I love how on some files somewhere, a company just showed up called “Unlimited Money Limited,” became worth £500 billion, then got dissolved. That record will exist forever.
Actually his company got accused of fraud. Since he dissolved the company and it was an Ltd (the European version of an LLC), he is legally protected against any legal actions against the company.
Being accused of fraudulent activity doesn't mean that Max is actually guilty of any fraudulent activity. He has been totally transparent and there is no evidence of any fraud. That is in stark contrast to many business owners who commonly hide the sources of their purported income and/or their assets. So hats off to Max Fosh - the richest man in the world!
@@LightningW135 Well it's not like he was hiding any source of income. I doubt he would be punished legally if accusations went through; the courts would merely rule that Max Fosh is, for lack of a better term, rather silly.
@@LightningW135 it would only count as fraud if he was making a profit of it or causing someone else a loss. So as long as his investor(s) where aware of what he was doin as well as him not attempting to make money off of this it would be laughed at in court. Quite literally the defence could be "it was a prank" and the video being proof of that.
I mean keep in mind he only sent the paperwork to a valuation adviser, who obviously see what he has done. This is far less official then we give the video credit for. Still results in a great certificate but that's about it.
@@jamesm6830 sadly yes and I'm one of them. I always have to spend at least 8 seconds thinking of the difference. Same with couch (sofa) and coach... Probably explains why I just about scraped a C in GCSE English 😬
There are rules about majority owners, he would of set himself as a director and with all powers, that he could of worked around it. But probably didnt want to have people actually have to look inyo it lol
@@kingjasko he saying she could have asked for X amount of money to cancel the buisness because if not then he would have to hire a very good lawyer. but if she invested $500 in the share holders like how u misunderstood the comment then yes.
i would have at least asked for 60, then told my friends about my investing prowess as the total of my whole investment portfolio history was a 20% ROI on a 500 Billion dollar start up of which i was the only public share holder.
@@samuell.6000 The company had 10 billion shares. One was bought at £50, thus valuing a share at £50. If there are 10 billion shares in the company, then the company is worth £500,000,000,000.
And for good reason, threats from every coverment agency or police can be reasoned or appealed, HMRC(tax collection) or SEPA (enviroment) your on your own buddy, you have to prove your innocence, and if you dont have the money to do so.....
This guy is like a speedrunner using all kinds of glitches in a game to get the most difficult achievements with the least amount of work and I love it.
The scary thing is that his exploit can be used by "real companies" that only differ in... paying for a P.O. box and putting more effort into booking revenue, loose and profits? Imagine how much bad things could happen if a banker would have a whole floor in an office building, but all the actual profit is made by shifting imaginary value of imaginary companies in the business of imaginary producing.
I like how even the British government just kind of politely goes, “Hey, by the way, this might not be the best financial decision and you should be careful.”
Jesus just imagine him being in a conversation and him being able to say that he was and has done literally everything. Been the richest man alive, been a royal......
@@savagetothebones1642 You dare assume *her* gender?! As stated by the unspoken (or known) rules of society You are to b canceled and sent _TO THE RANCH_ Under the charges of misogyny! xD ... I'll see you there ;v;;
So basically, since you had 500 billion pounds, you were the richest man on earth, and you owned Unlimited Money Limited, you were being accused of fraud. And your fate was in the hands of a woman named Hope that you found on the street. I'm proud.
@@iamsick5204 By technically yes, but it would have amounted to little because frauding someone of pocket cash is hardly worth thier time when they're fighting actual big fish. You have assclown companies like Luckin that forged earning statements to justify its valuation at 12.7bil, and then it evaporated overnight when they got torpedoed for fraud.
I hope Max gave her more than her initial investment for being a good sport, because she literally could have gouged him for 10 grand if she found out who he was so he wouldn't go to jail.
but technically she only owns 1 share out of 9.99 billion shares. and since max owns all the other shares he has priority say over the company and her opinion/vote wouldnt matter.
CEO speedrun champ. Started a company, Took someone’s money. Committed a crime, got found out, paid back the damages and put your employees (yourself) out of work by shutting down the company.
Well actually... Lichtenstein might have the answer. This a text from "the guardian": The principality of Liechtenstein has decided to make itself available to private clients, from $70,000 (£43,000) a night, complete with customised street signs and temporary currency. Aka, you are the owner /(mabye king?) of the country for 24 hours. Good luck getting a sponsor for that :)
there's a piece of land in between sudan and egypt that neither actually wants, so it's been a disputed territory for years maybe king max is a stretch but sultan max al-fosh could very much work lmao
@MrShroud so technicly there is some Unclaimad territory somewhere on the east coast of africa it's all sand btw (im pretty much sure there is more in different places but i know that 1) and technicly u can just claim that territory and convince some larger or smaller countiries to recognize your country everything u need is flag some ppl athem and other countries recognize
The fact that you're worth so much money and still humbly make RU-vid videos... Thank you for never forgetting where you came from, Mr. Sir Duke Fosh IV!
I have to say, having discovered this channel through the ’Welcome to Luton’ sign at Gatwick Airport, I have never laughed out loud so many times. Max, you are an absolute genius
Realistically even if she said no not sure how much weight having 0.00000001% of the company would mean in terms of directing the company. Of course she could take out a 250 billion dollar loan making the case for acquiring a 500 billion dollar company which would be a very illegal but funny twist.
@@9999ping It could have been argued that since the company didn't have any revenue she was actually the only legitimate share holder don't quote me on that though
@@willguggn2 except, he isn’t wrong. It is more than the GDP of Poland that he gained and lost, meaning that he had gained and lost at least the GDP of Poland
Nicely done. Fun and instructive. I got the feeling though there are quite a lot of fellows around who didn’t close their company upon receiving the valuation report 😀
Anyone else wishing Hope didn't agree to the dissolution of the company? Instead she had some lofty demands like a PowerPoint presentation on the future of the company and an unnecessary Zoom call.
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I feel like you definitely were the rightest person in the world, but also the record holder for the man who lost the most money in the shortest amount of time. I love this stuff lol
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future. Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it. "You're not going to remember those expensive shoes you bought ten years ago, but you will remember every single morning when you look at your bank account that extra 0 in there. I promise, that's going to be way more fun to look at everyday", I pray that anyone who reads this will be successful in life
@Jamie Janny Exactly ! That's my major concern and what kind of profitable business or investment can someone do with the current rise in economic downturn
@@haarigerberggorilla click the little three dots to the right of the comment and select "report" they get away with posting these comments because no one thinks to ever report them.
It was £50, not 50$. So Unlimited Money Lt. was worth 660.74 billion dollars. So if he just bumped the share cost up to £75.67, he would have had a trillion-dollar company.
@@Twiska actually there have been multiple companies I believe with a market cap of over $1 trillion. At least Apple I know. However shares aren't all owned by 1 person so no one became a trillionaire.
I just love how he was breaking out because of how nervous he was about reading the envelope. I'm just quite a few of us would turn red seeing 500bn, than seeing you being accused of fraud.
Max: Is the richest man in the world for 7 minutes Also Max: Apparently can only afford to have one pair suit trousers, takes them out of the laundry bin and writes “investment opportunities” on a piece of paper
I mean technically, you can say that him doing that is being wise and spending his money in the places that would give the most returns back to him and trimming any "unneccessary" purchases. But you can also say that what I just stated earlier is just utter bollocks
From "I am the richest man on earth, technically" to "oh fuck i'm going to be arrested for 500 billion pounds worth of fraud" in approximately 2 minutes. Congratulations, _you're now officially a billionaire lmfao._
Nah, get credit, leverage it with more fraudulent companies, get more credit for all of them, leverage again, get even more credit, bail, buy an island and a private army and let them try to get you for fraud :D
If 500 billion gpd to nzd is 960,662,500,000.00 nzd, if he had roughly sold that share for 75 pounds, i believe he'd be the worlds first trillionaire (in nzd ofc)
As a bonus, this would also drive up the value of his company to 10 trillion pounds. You have to throw money out the window to make it come back through the door.
This guy is going to have so many stories to tell when he's old. He's already been a member of the royal family and richest man in the world. What a legend.
If he would have been able to sell the remaining 9.99 billion shares at 50 quid, he would have made 500 billion pounds. Having 9.99 billion shares with literally zero value did not make him the richest man in the world unfortunately.
@@DChappelle27 So elon musk isn't rich because most of his money is in shares that he hasn't sold? Max's shares didn't have no value. they were valued at $50 each. hence why it was valued at $500b. As he owned all but one of the 10b shares, that was his on paper value at the time. But i'm sure you understand this and just want to try and be a negative nancy and proudly wear your smug hat to show how smart you are.
the government ain't nothing to fuck around with lmao. They can and WILL sue you, and your family into the ground without breaking a sweat, and you'd be 100% in the wrong with no way of fighting back with this too
Can we just admire the speed at which the government responded to opening the company, approving it, and then gathering information to say it’s cap 🧢? Truly amazing.
He wasn't the richest man in the world. None of these guys in the comments knows how networth works. Did you know that Tesla's market cap is $420 billion? Search it up. If that was how net worth worked, Elon musk would be much richer than this guy. All you guys are absolute idiots who have never opened up a book about stocks.
@@SirRiceBurger Literally comes in here insulting people just because they’re not a stock broker? Well I’m sorry not everyone is a high class stock broker like you Mr Fancy Pants. Or should I call you Mr High-and-Mighty? You realize not all people are as fortunate as you, and some might have quite a bit more trouble in life than figuring out which stock they wanna buy next, right? Maybe it’s time for a reality check.
@@hexagonal69 I’m not even a stock broker. I’m literally under 18. It just makes me mad that all these people are coming making uneducated comments on a click bait video. Why would you make comments if you don’t even know the context in which they’re placed? How are you going to survive in the adult world without a basic understanding of net worth and the stock market?
@Fila Rhasti hey fellow army, don't spam other RU-vidrs comment section like this.. I know your intentions are good but it creates a bad reputation.. humble request..
@@user-mi1nw5wi1z hey guys, the translation I saw for fila's post was pretty lousy... Despite the fact, I just didn't like to see such spam messages and wanted to be polite while asking them to remove it
The more you learn.. I didn't know they can tell you you're the richest man on the planet and preemptively accuse you of fraud on the same piece of paper...
@@flow_987 You're talking about like macro economics and money theory... no one else is. They are talking about how some math equation to get a market cap doesn't make a company have actual realized value to people/society.
btw this makes u not only the richest in the world, also of ALL TIME , since the richest man to exist was mansa musa, and he was 100 BILLION POUNDS behind you in net worth. this is definitely a good party story lmao
Just realized something, not only were you the richest man on earth, beating Elon for 7 minutes, you technically became the richest person in human history, becoming richer than Mansa Musa, who had a net worth of £327 billion (~$400 billion)
The difference is that Mansa Munsa's wealth was mostly in the form of gold. He had all that value in a fungible form, which gave him an amount of purchasing power many times greater than anyone matching that wealth in stocks and assets.
No specific one really, because there are lots of investment plans and strategies littered all over the internet today, for instance, investments like real estates,gold, drop shipping crypto currency and lots more
Fun fact: the company will not be legally and completely dissolutioned until October 5th of 2022 because there is a time period for owners of the company to liquidate assets until the government takes ownership of it all.
You couldve produced a maccharoni at home, sold it to a neighbour, then sold a share to a stranger. You now are valued at 500bil and you have revenue as a maccharoni producer.
Next thing you know, Hope comes back with a mind blowing business plan and they both make an absolute fortune and are forever know as the macaroni millionaires!
