Elon Musk is now the official record holder for the largest loss of personal fortune in history, according to Guinness World Records.
Tesla and SpaceX CEO Elon Musk, the world's second-wealthiest person, is now the official record holder for the largest loss of personal fortune in history, according to Guinness World Records, which cited Forbes' estimation of the drop in Musk's net worth.The previous record holder was Korean-Japanese billionaire and Softbank founder Masayoshi Son, whose total wealth dipped by $58.6 billion in 2000, going from $78 billion in February to $19.4 billion in July.
Guinness said Musk's net worth slumped from a peak of $320 billion in 2021 to $138 billion in January 2023, putting him behind France's Bernard Arnault, who swapped places with him on the richest person list in December last year and whose net worth, as of Jan. 10, 2023, stands at $196.6 billion.
The Twitter takeover and its new owner's behavior have been cited as reasons contributing to the biggest Tesla stock-off since 2010, when the company went public. Despite this, Tesla continues to be the world's most valuable car company, and its market cap is more than $100 billion larger than that of its closest competitor, Toyota.
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