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Elon Reeve Musk (English: Elon Reeve Musk, /ˈiːlɒn ˈmʌsk/) is a Canadian-American engineer, inventor, broke all records for the largest loss of personal wealth.
For the last year, he parted with as much as 165 billion dollars, notes the Guinness Book of Records on his Internet blog, citing "Forbes".
The billionaire lost his fortune between November 2021 and December 2022.
Other evidence suggests that he may have lost even more money.
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
The losses were caused by a drop in Tesla shares after the billionaire bought Twitter for $44 billion and concerns that he was not paying enough attention to the electric car.
Elon Musk could break world record for largest loss of personal fortune in history https://t.co/A9h1JSoQBp
— BBC News (World) (@BBCWorld) January 11, 2023
The loss was enough to dethrone him as the world's richest man, a title now held by luxury goods magnate Bernard Arnault.
Musk has destroyed half of Twitter's value
Despite serious losses, the billionaire still has a fortune of $178 billion, according to Forbes.
According to Guinness World Records, Elon Musk has officially set a new record for the largest loss of personal fortune in history.
#BusinessNews #BusinessNewsUpdates pic.twitter.com/N0N7wt9xjV
— Bada Business (@BadaBusinessOff) January 10, 2023
Of course, Musk isn't the only billionaire whose fortunes took a hit in 2022. American billionaires lost a combined $660 billion last year, CBS previously reported.
Amazon founder Jeff Bezos lost $80 billion in 2022, and Meta CEO Mark Zuckerberg saw his wealth shrink by $78 billion.