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Elon Musk Sets Guinness World Record for 'Largest Loss of Personal Fortune'


Tue 10 Jan 2023 | 10:07 PM
Elon Musk
Elon Musk
H-Tayea-Amir Haggag

US tycoon Elon Musk, the Tesla and Twitter CEO, broke a new Guinness World Record for the largest loss of personal fortune in history.

The mercurial businessman has lost between $183 billion and $200 billion of his wealth in 2022, according to the Guinness World Records.

Musk's net worth peaked in November 2021, when it reached $340 billion, according to Bloomberg estimates.

But Tesla shares, responsible for most of Musk's wealth, entered free fall last year, dropping 65% in 2022.

Today, Musk is worth $144.4 billion, according to the latest Forbes estimates.

Notably, the record was held by Japanese tech investor Masayoshi Son who had lost USD 56 billion.