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.
@@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 😬
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.
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.
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.
@@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.
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.
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.....
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
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......
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.
@@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
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
@@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.
@@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;;
The fact that you're worth so much money and still humbly make RUclips videos... Thank you for never forgetting where you came from, Mr. Sir Duke Fosh IV!
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.
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 😀
To whoever reading this, never stop chasing your dreams you can do it. Keep pressing and thriving you will make it! Consistency is the key to achieve your goals.
A career in Bitcoin offers you the opportunity to earn a lot of money if you have the patience to learn the process and strategies involved or better still get yourself a professional broker.
Investing in Bitcoin may seem scary but know that it takes time and effort today understand how bitcoin works. If you understand the potential impact of bitcoin it won't be hard to understand why investing in Bitcoin may be a good idea
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
@@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.
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.
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.
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.
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
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)
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.
She should have demanded that Max transfer control of the company to her in exchange for all but one of the shares making her the richest person for 30 seconds before shutting down the company.
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.
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.
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
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?
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
@Fila Rhasti hey fellow army, don't spam other RUclipsrs 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
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.
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.
@@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.
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...
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
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
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.
@@insertname5421 i think (im stretching here) that he could therefore claim all shares are worth that value, which could trick investors into paying inflated prices for the rest of his shares when they are worthless
@@Kreb2 okay and? investing is risky, do your research, it's not like elon musk is selling a good idea by sending cars down a rabbit hole where a single accident would be certain death...
@@ms-fk6eb You're right but this is the difference between intentionally tricking investors (creating made up value out of nowhere) and just having a shit idea
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 started a company, became the richest man in the world, got accused of fraud, and dissolved everything to save yourself. Truly a financial inspiration
Omg that is true!
When you speed run financial
I mean, he reimburse the shareholder! Soooo.....charitable financial win?
All in a days work 👍
One day there will be a movie with Leonardo di Caprio based on his story
Max here single handedly boosting UK's GDP by 500 Billion thus rescuing the economy, what a real patriot
Also creating the world's fastest, somehow least devastating recession
Thanks heavens we are out of the EU they would have wanted a cut of that.
yes, um, but technically that 'value' isn't adding to gdp
sorry sorry sorry i'm a struggling but proud ap macro student, couldn't help myself
@@augustinemcdermott8955 I was just about to say this too lol, market cap isn't a consumable good. If only!
Pretty sure it would cause a recession, because the value is there, but the money isn't.
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.
69！please dont break it
@@sifangwuhaigrow up
@@sifangwuhai it broke
Lol
It broke@@sifangwuhai
this girl was second greatest shareholder of world's most valued company. That is something.
Not most valued, one of the most valued. But still he was richest
I feel like this might have broken the record for losing the most amount of money in the shortest period of time
Im pretty sure there was a bank error that made someone a quadrillionare, so I don't think so but its up there for sure
@@kestrel7493 oh hahaha thats amazing
Anybody else find it weird how so few people on the internet can spell the word losing correctly?
@@jamesm6830 heh oops
@@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 😬
This man pulled himself up by his bootstraps with nothing but Hope and dedication. What a wonderful story.
Hahaha !
Solid pun mate 👍
@Ethan Valadez yea, but who remembers the second man to do anything?
@Ethan Valadez his name was ethan or something, I forget
I didn't see dedication in the video
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!
He wasn't even formally accused of it. He was just advised that he may, in the future, be accused of it by HMRC or some other state organisation.
@@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.
Donald trump?:
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.
For giggles, Hope could have asked for $500 to agree and he would have to pay it xD
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
Would he be worth 5 trillion then?
@@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.
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.
He knows the meta
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.
@@sarowie yeah, haha, imagine...
-.-
1k
@@sarowie "capitalism breeds innovation"
You can totally feel his stress while being the richest man alive. He saw it wasn't worth it and shut the company down, respect.
Mo money mo problems.
@@ChriSaito
"Mo money,mo problems"
-uncle stan
No he shut it down because it was fraud
His company was worth 50£ not 500 billion. This is utter bullshit
@@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.
Protect Hope at all costs, this woman is too pure for this world.
What I've learned, is that if you simply also sold Hope a box of pasta and made revenue from that, this would've been an entirely airtight plan
dude literally got accused of fraud by a government agency just for a meme. you, sir, deserve a sub
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.
@@TheRavenCoder actually his company wasnt ACCUSED of fraud, it was threatened to the possibility of beeing accused of fraud
not a government agency. a private valuation company.
@@raver377 being*
@@hisky. BEEing**
Max was extremely good at being a billionaire as the first thing that happened after he got his money was being accused of a crime
lmao
It's even funnier because the crime he was being accused of, he committed.
Comment of the year right here
He won’t be laughing for long once Her Majesty’s Revenue Service taxes him on that 580B. 🤣 …that he doesn’t have.
Omg bro this is dumbb (in a funny/good way) lol
Did anyone else notice that Max was visibly shaken and possibly even on the verge of tears after that fraud scare?
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.....
@@denisohbrienImagine he got fined £500bn...
I hope you included the table, chairs, sign stamp and envelope in your expense report
Max is such a professional, using the clock on his oven to time how long the company was active for!
It hasn’t missed a minute in 4 years
@@MaxFosh no way. 😂
@@MaxFosh we need to celebrate it's 5th birthday
@@MaxFosh Incredible idea Max, you’re a genius. Can’t wait to see jaackmaate’s video next week!
The most untrustworthy clock in the world, right behind the inbuilt microwave clock.
So when is max going to announce that he's a king somewhere for 4 minutes and 39 seconds?
Now that I think about it...
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
@@DepressedViking111 I heard about being able to rent out the country, but I think the offer was pulled back though?
@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
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.”
It wasn't the government, though
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......
Joker!😄
Imagine getting on the phone with Hope and she just said "no"
I Became The World's Richest Criminal
EPIC PLOT TWIST
God, she had so much damn leverage in that moment...
Wow that privilage
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.
Amazing. Basically gained and lost the entire GDP of Poland in about 7 minutes. Props.
💪💪🇵🇱🇵🇱💪💪
@@Mr__Singularity dollars or pounds?
@@Mr__Singularity
Poland's GDP is around 450B. You're way off.
@@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
@@pohorex6834
The comment by @QuantumSingularity I reacted to has been deleted.
You just made some records:
- The fastest growing business
- World richest men
- You lost the most money in shortest time possible
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
I love how she has 0.00000001% of the shares and she still has a say in the company.
In this case yeah. He did technically commit security and exchange fraud, if she wanted to he could have been in deep s***.
@@jaycie5021 I don't think what he did was illegal but maybe if he tried to sell the company for billions. Also she knew exactly what he was doing
Your maths is correct
@@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.
@@adrianforbes7863 math*
Hope is great for blindly trusting you, you should at least take her out on a share holders dinner lol
Honestly, I wonder if that's what she was Hoping for in terms of ROI. That would be a great "how we met" story, certainly.
@@benjimiller8930 me too! Hopefully since he liked the comment he picked up on it too ☺️
@@TheRoark We can only Hope ;)
@@benjimiller8930 Eyyyyyyyy
Hope should have held out for £1000. Max was panicking and would have paid it.
imagine the only reason he had to take down Unlimited Money Limited was because he didnt manufacture pasta
In the law world we call that "acting ultra vires"
The fact that Max had to get his suit out of his washing basket implies that he wore it recently which is a delightful concept, and brilliantly Fosh.
She may not had gained profit, but she had gained our respect
how
she?
@@valkyrie941 hope, the investor
@@valkyrie941 her?
@@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;;
"Hope was just around the corner." 🤣
No way I find Tommo F1 in Max Fosh' comment section hahahah
- Daniel Ricciardo, Monza 2021 probably
Also hi Tommo, great vid from Valencia
@@nielsdenbesten1852 He needs a guide on how to break into an F1 factory
Ayo Tommo!
Tommo!!! Looking forward to getting the chat taken down for the alpine launch again this year.
Hope seems like a very fun person. I hope you two became friends after that stressful business ordeal you survived together.
Good effort though! You didn't just sit on your backside - you had an idea and "got out there" and had a go!
That deserves some credit!
Hit me up ☝️☝️
I will send you a telegram in four business days Mr Reiso
Kudos to Hope for investing in a small startup worth $500 billion pounds
$500 billion pounds
(dollar)500 billion pounds
£500 billion dollars
€500 billion franks
5 trillion billion Iranian rial
The fact that you're worth so much money and still humbly make RUclips videos... Thank you for never forgetting where you came from, Mr. Sir Duke Fosh IV!
Now he only needs a doctorate in something, than he can be called Mr. Doctor Sir Duke Fosh
@@ricardo1300 more Like “His Grace, Duke Fish M.D.” lol
@@francisbtube "Duke Fish"
@@ricardo1300 a doctorate in drinking tea perhaps?
@@amarnathk9398 "Duke fishron"
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.
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 😀
Why didnt Hope ask for 51 pounds to dissolve? Could have made a 2% profit on her investment
I think £100 would’ve been fair, given the urgency of her decision!
Yeah, that was her opportunity. Considering the urgency, could've asked for some ridiculous amount.
@@danabc322 Or, considering who she was talking to at the time, 250 billion.
@@zoefschildpad imagine the capital gains tax on £250bn profit!
I mean, she had the power. She could have asked for more. If she didnt sell it he could have gotten accused of fraud
For some reason, I am very proud of you.
Yo
This was fair a bit of legal, financial, and social engineering. Impressive, but no supersonic baseball cannon…
hey it's the science man, big fan
It's the real dude
Brain candy live at the BJCC in Birmingham we met. Do you remember me?
This man is treating life like an all-achievements run of a video game.
To whoever reading this, never stop chasing your dreams you can do it. Keep pressing and thriving you will make it! Consistency is the key to achieve your goals.
Bitcoin trading is just like any other business but in this case more sophisticated and advanced.
A career in Bitcoin offers you the opportunity to earn a lot of money if you have the patience to learn the process and strategies involved or better still get yourself a professional broker.
Investing in Bitcoin may seem scary but know that it takes time and effort today understand how bitcoin works. If you understand the potential impact of bitcoin it won't be hard to understand why investing in Bitcoin may be a good idea
Earning 500k per year on salary job is just $50 per day trading Bitcoin.
Bitcoin is a global safe heaven for investors.
Imagine if she just said “no, you cant dissolve the company.” Then he wouldve had to make noodles for the rest of his life
lmfao
😂😂🤣
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
@@iDraKzy “It could have been argued that since the company didn’t have any revenue she was actually the only legitimate share holder.” - iDraKz
This not only sounds slightly illegal but also very entertaining
@Yeno Apdi speaking of sounding slightly illegal
@@haarigerberggorilla lmao
And that grey space is where Max thrives.
Literally what Max is all about
@@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.
🤣🤣Being rich is too stressful. Thanks for the lesson. Subscribed.
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.
Notice how his entire time as the richest man in the world was nothing but unhappiness and worry for him.
very true
very different scenario but i guess 🥴
u obviously never been rich
I'm 14 and this is deep
@@kunchenliang8772 you got the whole squad laughing 😐
If he just sold the share for $100 instead of $50 he could've been the worlds first trillionaire!
It was £50, not 50$. 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.
he could probably also have entered 99.999.999.999 Shares instead of 10.000.000.000. Then he would only have to sell them for 10$, well 10.0001$
@@instantpyroakw
10$ would be enough since he would still own the 10 dollars made from selling the share
@@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.
@@mrandersen6872 Max owned 99.9999999% of the shares, though.
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.
”It’s risky”
”It’s risky”
”From your side of things but..”
Cracked me
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
thats two records then. most money made in 7 minutes and most money lost. pretty impressive.
@@audr1enlive yaknow, you yourself just broke a record too. the most records pointed out on this comment
@@func_e people break world records everyday without realising it, I just broke one then by being the first person to comment this.
So... he broke the rich record, and also he broke the broke record.
@@ditodevice1950 👏(■_■⌐) couldn't have said it better myself
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
@Jamie Janny Yeah you're right, that's why I had to start Forex trading two months ago and now i'm making benefits from it now.
@Scott Nicole O ' Yes I'm a living testimony of her good work expert Benson Sandra
Mrs Benson Sandra has changed my financial
status for the best ,all thanks to my aunt
That took me… (looks at oven)… 7 minutes 🤣
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)
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.
She should have demanded that Max transfer control of the company to her in exchange for all but one of the shares making her the richest person for 30 seconds before shutting down the company.
"oh Hope, that's my surname, my first name is NO!"
Actually though, Max would first, have to be accused of fraud and there was nobody to do that, so...
5:36 "Pleasure doing business to you."
'dad what did you use to do'
'i became the worlds richest man for 7 min'
'wait what'
He could've named the company "Money Un". So when you say it, you say "Money Un Limited"
Genius
Exactly what i thought
Big brain time.
Big brain
Or, "My Money's Not" which would go to "My Money's Not Limited"
Can we just appreciate this man's dedication, he made a company and became a multi-billionaire
And it took me a week… not many people would put in that kind of dedication
@@MaxFosh not many people would put in a day
yes
@@John-se6it not many people would
@@el2041 not many people
Hope is just around the corner. "Hi Hope".. Bloody good laugh!!
I LOVE how they have to refer to the company as “UML” in the documentation!
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.
@@DChappelle27 you sir, have missed the joke
He was also a fashion icon at London Fashion Week
@@DChappelle27 Obviously he's not in practice but it's funny that by some (flawed) measurement he could be considered the richest
He needs to give Hope $1000 because of how much faith she put into him
Haha so to get out of the fraud scenario inadvertantly raise the stock price by a further factor of 20
Not to mention how much charity.
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.
@@xpusostomos three is the magic number
And go on a date with Hope. She has a genuine smile and might fancy you, looks like a keeper :)
If he had sold it for $100 he would’ve technically been the world’s only living trillionaire
Every family has that one person who will break the family financial struggle, I hope you become the one
This video got me hooked, and now I’m determined to become a billionaire in just two years! 💪💰
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
I've heard alot about crypto currency investments and how effective it can grow your income! Any recommendations on a guide?
Catherine S. Woods is an amazing tutor for crypto. Highly recommended! She’s been my Tutor and Mentor for past solid 8years!
Her availability is open on face b o o k
So when can we expect the release of “Unlimited Money (TM) Pasta”?
Aye is Louis
New Merch
What do you mean louis? It's already out. I LOVVVEEE the pasta. Also the fact i have unlimited but limited money!
louis big fan mate
Omg it's Louis Weisz, AKA Walmart Mark Rober
Max broke Elon’s streak of being the richest person in the world for a RUclips video. Now that’s an alpha move.
Gigachad moment
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 that a bit harsh
@@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?
Imagine being able to legitimately say that you were the richest person in the world for 7 minutes like that’s crazy
And this is why you shouldn't tax unrealised gains
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
I mean just look at what haircut Bill Gates had when he became rich
Rich vs super rich
Really shows how porr rich people really are
Have you seen how Mark Zuckerberg dresses
These "richest people" statistic videos are gonna be funny to watch with Max popping up for like 2 frames
Hah yes
@Fila Rhasti hey fellow army, don't spam other RUclipsrs comment section like this.. I know your intentions are good but it creates a bad reputation.. humble request..
@@rmy2202 Their intentions are to sell peoples emails to advertisers and lure them in using comment bots
@@rmy2202 Good intentions? They're promotion inappropriate sites that steal your info.
@@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
4:49 *Bro that's a squid game character lol*
Why cuz he indian(presumably)?
Hope is really lovely. She seems like one of those people that just makes the day better by being there.
*Makes Parents Sign a legal document stating he's the more successful child*
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.
I'm a bit jealous of the speed of their bureaucracy! Germany could never...
I can't even talk about India
@@Ayan-od8hk Haha, us moment bro. Yaha ek file approve hone mein 6 months and additional bribe lagti lmao.
@@marycae unless its a speeding ticket, they take a photo of your face and front number plate xD
@@M.One.XJ6 true, my speeding ticket arrived before I even got pictured by the radar lol
"yes you're rich, butttttt you're going to jail if you dont shut down like.. asap" lol
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.
If anything, this perfectly showcases just how meaningless market values truly are
Bro, htf am I supposed to trade shit without market values💀
@@flow_987 Really drawn out way of saying they’re pointless
@@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.
congratulations you just discovered money and society!
Aren't market values normally backed by transaction history and revenue data?
Hope should have asked for $100 to agree to the dissolving of the company...
Or for pasta produced by the company
She is also a shareholder so if there's any penalty for fraudulent activity she'll also get fined
@@hqanimetube4705 no. don't talk about something you have no idea about.
Max: Ok, its been
* looks at oven *
seven minutes
I love that Hope is the one who believed. Very fitting (assuming that isn't an alias)
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...
I think that's not their first rodeo, they deal with criminal billionaires all the time
cringe anime girl
@@emir7233 All I see is someone so insecure they use a black pfp because they're afraid to express themselves
@@Maronicamthey don't seem to deal with billionaires at all lol
@@emir7233 ratio
Personally I would've gone with "Money Un" so the full name would be "Money Un, Limited"
I like this one 😅
That's actually genius
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
6:41 kewpie, man knows his mayo
Dude, your reaction at the end was utterly harrowing! I could feel your soul leave your body haha!
No reply but 374 likes to you
Miracle
Lol
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
i love how Hope was just as along for the ride as she could be. took that "we gotta shut it down" with a laugh and a smile
I think she was hoping for a ride, wink, wink
@@serdiefgotreb no bitches huh
"Today's the day. I'm sending off all the document to the financial evaluation."
Singular document. XD
I mean, wall st guys do basically the same thing, just in much more elaborated ways, but they totally do that with many little start-ups
imagine she didnt want to dissolve the company.
and you went for 40 years in prison for fraud and tax evasion for 500 billion pounds
Name one person who went to prison for tax evasion for 100+ billion pounds...
@@AndreiDamian lmao
Technically you pay taxes on Net income, not valuation. So being charged for tax evasion doesn't seem likely XD
@@kirankannan8 , I thought you'd pay taxes on gross income.
@@AndreiDamian : LOL..... Yes, you have a VERY good point !.... Why aren't they in jail ? Ahh... This Matrix... Just. Well. Why ???
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.
Actually the richest person ever was Chris Reynolds after paypal accidently credited him $92,233,720,368,547,800.(yes, 92 quadrillion).
The Rockefellers had a net worth of 500 trillion
@@somerandomdragon558 yeah but that money could never have been used, ever.
i'm fairly certain some kings were even richer. I know nicholas II of russia was worth 300B$
4:53
Possibly the greatest moment in RUclips history
That was supposed to be a pun.
But a great pun indeed
"There is an argument to be made." lmfaooo
Max already sounds like the richest man in the world so I would argue this video was unneeded
facts
But we all know the richest men in the world have practically no charisma so that's completely untrue.
I vibe with Hope’s lack of financial responsibility.
She came out even and got her parachute before the crash, I think she did alright
people: work for years to get their company started
max: i’m about to do what’s called a pro gamer move.
I just saw a clip of this on Tim the Tatman's channel... so unless it's already happened, you're about to get hella more views!!
This man really attempted to commit £500bn in securities fraud for a youtube video...
respect
I don't get it why is it a fraud, if that was the real price someone paid for a share.
@@insertname5421 i think (im stretching here) that he could therefore claim all shares are worth that value, which could trick investors into paying inflated prices for the rest of his shares when they are worthless
@@Kreb2 okay and? investing is risky, do your research, it's not like elon musk is selling a good idea by sending cars down a rabbit hole where a single accident would be certain death...
@@Kreb2 It might have been illegal if he would have solicited further investments using this value.
@@ms-fk6eb You're right but this is the difference between intentionally tricking investors (creating made up value out of nowhere) and just having a shit idea
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.
That means he’s legally the richest man till then
Bro's dad lore is already crazy
“Hiya mate. Dissolve it? Yeah calm.” “Cheers bye” is basically my summary of the entire video
I absolutely love how almost every accomplishment Max has ever made is due to a technicality.