Elon Musk sets Guinness World Record for losing $182,000,000,000 of wealth

Elon Musk sets Guinness World Record for losing $182,000,000,000 of wealth

• The Tesla and SpaceX CEO Elon Musk has set a new Guinness World Record for losing personal wealth. The mercurial businessman has lost around $180 billion since November 2021, the publication said. According to Guinness world record, the wealth is an approximate figure, but Musk's total losses far surpass the previous record of $58.6 billion, set by Japanese tech investor Masayoshi Son in 2000.
• According to Forbes magazine, Elon Musk's net worth dropped from a peak of $320 billion in 2021 to $138 billion as of January 2023 due to the poor performance of the Tesla stocks.
• Moreover, Musk's misfortunes also saw him lose his status as the world's richest person to Bernard Arnault (France), founder of luxury goods conglomerate LVMH (Louis Vuitton Moët Hennessy), who has an estimated net worth of $190 billion.

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Published date : 10 Jan 2023 05:09PM