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how this youtuber became richest man in the world for 7 minutes | max fosh | #elonmusk #maxfosh
max fosh hoe became number one youtuber #elonmusk #maxfosh #elonmusk #worldrishestmanfor7min #legendaryspeaks
That's right you've read the title, this KZitemr, Max Fosh became richer than Mr Beast in fact technically speaking he also became richer than Elon musk making him the richest man in the world but for only 7 minutes
You see max fosh is a man with ambition and he had a plan, a plan to take over the world, this plan would not only make him the richest man in the world but he would come close to tripling Elon musk's 269 billion dollars, aiming to reach 500 Billion for the sole purpose of making a youtube video.
now, all great stories have a beginning and Max Fosh legally started his company in the UK by naming it, unlimited money limited.
and what does unlimited money limited do, well apparently this company manufactures macaroni, noodles, couscous and similar farinaceous products. for those that don't know, like max didn't, farinaceous means foods consisting of or containing starch. max also didn't know which of these his company would be manufacturing so I'm going with noodles because I love super noodles!
but the next part is actually important, he had to decide how many shares his company would have. this is like, having a company that is split up into chunks that people can invest in and own a portion of the business based on these chunks. he wanted 1 trillion shares (12 zeros) but that was too much so he settled with 10 billion shares.
now that that was decided, that was it he now had a company that has 10 billion shares currently worth 0 each. 10 billion shares times 0 is still 0 so that's what his company is worth.
but as we all should know, things are only worth what people will pay for them, think of pokemon cards, that awesome Charizard that luke paul purchased for 150k dollars was worth that to him, he considered it an investment but if people suddenly didn't care about pokemon cards at all then he'd have a tuff time trading it for this card for a paper clip... which a paper clip was once traded many times for bigger and better trades eventually resulting in a trade for owning a house. it's all about perceived value.
right so max fosh has a company that has 10 billion shares valued at zero, so if he convinces someone that the value of 1 share is worth £50 then 10 billion shares would equal 500 billion pounds.
so he sets out Bank a place in London to try to sell 1 share for 50 pounds, which he does, a lady called hope decides that this random investment might be worth it in the long run, and he was completely honest with her and she signed the contract giving her ownership of 1 share of this noodle company at 50 pounds making the company's total value arguably 500 billion pounds.
500 billion pounds when transferred into dollars equals 676.4 billion dollars dwarfing Elon musk's 269 billion dollars.
so the reason i said the value is arguably 500 billion pounds is because, someone was about to argue that, and it was the valuation company, he was accused of fraudulent activity, and directed to dissolve the company which with hope's permission he did so, and refunded hope her investment.
this was a very risky video to create and it was an amazing story i had to share! great job max but be a bit more careful
if you're interested, then check out this video about the crash that nearly killed Mr Beast and subscribe please, trying to hit 10k before the end of this year! ill cya in that video, yeah?
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