Tech billionaire, Elon Musk, has claimed the Guinness World Records title for the “largest loss of personal fortune.”
According to Forbes, Musk recorded a $180billion loss as his estimated net worth declined by 57% from $320 billion in November 2021 to $137 billion on January 3.
Bloomberg previously reported in December that the Tesla boss’ net worth had dipped $200billion from November 2022, making him the first person to have suffered such a loss from his net worth.
Musk’s setting a new record for the “largest loss of personal fortune” comes not long after he slid to second position on Forbes’ real-time billionaires’ list.
Bernard Arnault, the CEO of French luxury giant LVMH, has held the top spot since mid-December with an estimated $200.1 billion net worth as of press time.
Guinness World Record stated the previous record of an individual with ‘largest loss of personal fortune’ was set during the tech-stock crash of 2000 when Japanese billionaire Masayoshi Son, CEO of SoftBank, reportedly lost $58.6 billion. (That would be about $100 billion today, accounting for inflation.)
Musk’s loss comes amid the fallout from his $44billion purchase of Twitter where he has laid off thousands of workers while wading into thorny political debates.
Tesla investors had voiced concerns that Musk is spending so much time trying to right the ship at Twitter, ‘neglecting’ Tesla to suffer.
According to Bloomberg News, Tesla stock has lost 39 percent of its value since December 1, 2022.
