Elon Musk has lost so much money that the Guinness World Records recognized him for the 'largest loss of personal fortune in history'

Elon Musk has lost so much money that the Guinness World Records recognized him for the ‘largest loss of personal fortune in history’

Elon Musk begins 2023 by breaking world records, writes Business Insider. The Tesla and Twitter CEO wiped out so much of his fortune last year that Guinness World Records recognized him for it.

It has officially broken the world record for the largest loss of personal property in history, the organization said in a press release Friday. Forbes estimated that Elon Musk’s net worth declined by $183 billion in just one year, while Bloomberg estimated it at $200 billion.

The previous record for personal wealth before Elon Musk was well below the $58.6 billion set in 2000 by SoftBank founder and CEO Masayoshi Son. According to Bloomberg estimates, Elon Musk’s net worth will peak in November 2021, when it will reach $340 billion.

Elon Musk posted a 65% free fall in 2022 last year and his decline accelerated after Elon Musk bought Twitter in October. As a result, Elon Musk is no longer the richest person in the world and the owner of Louis Vuitton lost to Bernard Arnault, the head of the French company, and according to the latest estimates by Forbes, Elon Musk’s net worth today is $144.4 billion.

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