TechFlow news — According to the Guinness World Records official website, Twitter and Tesla CEO Elon Musk has officially broken the record for the largest personal fortune loss in history. Forbes estimates that since November 2021, Musk has lost approximately $182 billion, although other sources suggest the actual figure could be closer to $200 billion. His assets have dropped from $320 billion to $138 billion. While the exact number is nearly impossible to pinpoint, Musk's total loss far exceeds the previous record of $58.6 billion set by Japanese tech investor Masayoshi Son in 2000.
This misfortune has also cost Musk his position as the world’s richest person, which has passed to Bernard Arnault, founder of the luxury group Louis Vuitton, whose net worth is estimated at $190 billion. Most of Musk's wealth was tied to Tesla stock, which plummeted 65% in value during 2022. The decline accelerated in October of that year following Musk's roughly $44 billion acquisition of Twitter. This turbulent takeover, combined with Musk's polarizing behavior on the platform, triggered the largest sell-off of Tesla shares since the company went public in 2010. Nonetheless, he remains the second-wealthiest person globally.Original link
