Elon Musk broke the world record for the loss of personal fortune: he lost almost $ 200 billion in a year

Tech billionaire Elon Musk has lost $2021 billion since November 182, largely due to Tesla's share price drop. According to a Guinness World Records report, Elon Musk has broken the world record for the largest personal loss in history. Writes about it The Guardian.

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The report says the tech billionaire has lost about $2021 billion since November 182, though other sources suggest the actual loss could be nearly $200 billion.

“Musk’s net worth has fallen from a peak of $320 billion in 2021 to $138 billion as of January 2023 mainly due to poor performance in Tesla shares,” the global database says.

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True, the report says that the exact figure "is almost impossible to establish." It notes that Musk's total losses "far exceed" the previous record of $58,6 billion set by Japanese tech investor Masayoshi Son in 2000.

In December, the Tesla boss gave way to his position as the world's richest man to Bernard Arnault, chief executive of French luxury goods conglomerate LVMH, which owns fashion brand Louis Vuitton.

As of January 12, Forbes estimated Arno's net worth was $203,7 billion, while Musk's net worth was $146,5 billion.

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Much of Musk's fortune is tied to Tesla shares, which have fallen 65% in a roaring 2022, according to a Guinness World Records report.

The decline accelerated in October after he bought Twitter for about $44 billion.

As the market closed on December 30, 2022, Musk tweeted: “Long-term fundamentals are extremely strong. Short-term market frenzy is unpredictable.”

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