Elon Musk sets Guinness record: The person with the most loss of wealth in a year

Musk is not going through his prime. Tesla shares fell nearly 13% just into January 2023 after missing sales targets. But the drop, in reality, amounts to 73% in the last 12 months.

To this is added that, after acquiring Twitter in October 2022, the social network is going through one of its biggest crises in its history. With thousands of users moving to other options like Mastodon.

For Twitter to survive, Musk has had to sell a large chunk of his Tesla shares, a move that, in turn, also dragged down the electric carmaker’s stock market value.

It should be remembered that Twitter was acquired for 44,000 million dollars, a large part of the transaction was financed with debt, according to Bloomberg.

He will not be the richest in the world again

Guinness World Records estimated, using data from Forbes, that Elon Musk lost $183 billion. Bloomberg, however, calculates that the loss would be up to 200,000 million dollars; he also estimates that Elon Musk will never be the richest person in the world again.
Musk’s fortune had peaked in November 2021 at $340 billion. Just the month that Tesla shares reached their maximum price.

Before Elon Musk set a new world record for loss of wealth in a single calendar year in 2022, the title belonged to Masayoshi Son, founder of Softbank, who lost $58.6 billion in 2000.

Now the title of the richest person in the world is Bernard Arnault, founder of the luxury goods multinational Louis Viutton Moët Hennessy. The tycoon has an estimated personal fortune of 190,000 million dollars. here the official GWR publication .