If measured by the value of his riches, Elon Musk has just been crowned the greatest loser in history. After Forbes estimated that Musk lost a total of $183 billion, the global body that keeps track of all kinds of record achievements, Guinness World Records, declared as much in a blog post.
Fair enough, Musk’s peak wealth of $320 billion in November 2021 is a record in and of itself. However, since then, everything has gone sideways for Musk. The price of Tesla shares, which he still holds in large quantities despite selling them regularly in the previous year, has dropped dramatically, and Musk’s $44 billion acquisition of Twitter hasn’t helped matters much.
Elon Musk has lost $182 billion of personal wealth since 2021, the highest amount of anyone in history…https://t.co/PcQY7FGB1W
— Guinness World Records (@GWR) January 6, 2023
Now that LVMH (Louis Vuitton Mot Hennessy) founder Bernard Arnault with a net worth of almost $190 billion, Musk can no longer claim to be the world’s richest man.
Guinness World Records acknowledges the impossibility of putting a precise figure on Musk’s financial loss, but they still claim it is far larger than the previous record, which was established by Japanese tech billionaire Masayoshi Son in 2000 with a loss of $58.6 billion.
Still the Second-Richest in the World
Despite losing more money than any other individual in history, Musk is still the second richest person on the planet. Tesla’s stock price has dropped significantly over the past three months, in part due to Musk’s dominance of Twitter and other diversions.
There have been rumors since Musk’s purchase of Twitter that he plans to sell more Tesla stock in order to keep the cash-strapped social media company afloat and take his focus off of running Tesla. The price has fallen because of the pressure this has created.
Elon Musk has been declared the greatest loser in history if wealth is the criterion. The global organization that keeps track of all types of record achievements, Guinness World Records, confirmed as much in a blog post after Forbes calculated that Musk lost a total of $183 billion.
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