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

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

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

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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. appropriately named Unlimited Money Limited in the relevant UK authorities.

When he created it, he stated that the company would produce pasta, noodles, couscous and “other floury products”.

< p class="p1">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.

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

< p class="p1">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.

Upon receiving the document, Max sent it in for a company valuation and soon received confirmation that “Unlimited Money Limited's market capitalization is estimated at £500 billion.”

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

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

“It's highly likely that you are now accused of fraudulent activity. It is for this reason that we strongly recommend the liquidation of Unlimited Money Limited 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.

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