The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

The blogger was twice as rich as Elon Musk for several minutes and almost went to jail for it

YouTube star Max Foch is technically richer than Elon Musk, but only by 7 minutes. How did he do it and why he almost ended up behind bars, the publication told Daily Star.

Max Foch, who ran for Mayor of London in 2021, has managed to build a £500bn company, almost double Tesla founder Elon Musk's staggering $265bn.

First, the blogger registered a company with the appropriate name Unlimited Money Limited with the relevant UK authorities.

Having created it, he announced that the company would produce pasta, noodles, couscous and "other flour products."

But an integral part of Max's story was that he himself set the value of the company's shares and their number.

The 27-year-old chose 10 billion shares, the maximum allowed for any business in the UK.

On the subject: Elon Musk is sure that people will be able to live forever by digitizing their consciousness

When the official certificate was received, Max rushed to the financial district in an attempt to sell shares.

He put on a suit for his big investment day and explained to passers-by, “I created a company and issued 10 billion shares of this company. I am trying to sell one share for £50. Thus, the value of my company is 500 billion pounds ($610,5 billion).”

Miraculously, a charismatic YouTuber convinced someone to sign a share transfer form and part with their cash in exchange for one share of Unlimited Money Limited.

After receiving the document, Max sent it to the company for evaluation and soon received confirmation that "the market capitalization of Unlimited Money Limited is estimated at 500 billion pounds."

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York

Unfortunately for Max, the financial regulators told him more than that.

They noticed that since he didn't have the income to justify the valuation, he was technically a fraud.

He was told: “There is a high probability that you will now be accused of fraudulent activity. It is for this reason that we strongly recommend that Unlimited Money Limited be liquidated as a matter of urgency.”

In order not to end up behind bars, Max contacted his sole shareholder and closed the company, ending his status as the richest man in the world.

Read also on ForumDaily:

A businessman has no days off: how to organize a truck company in the USA and not burn out at work

Lyme disease and other infections: which states are at high risk of contracting an illness from ticks

Harmful or useful: 8 things that still baffle scientists

Top XNUMX US Beaches for the Perfect Summer Vacation

Can foods cause or prevent cancer: a list of food carcinogens

blogger Ilon Mask World richest man
Subscribe to ForumDaily on Google News

Do you want more important and interesting news about life in the USA and immigration to America? Subscribe to our page in Facebook. Choose the "Display Priority" option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram - there are many interesting things. And join thousands of readers ForumDaily Woman и ForumDaily New York - there you will find a lot of interesting and positive information. 

1171 requests in 2,081 seconds.