Elon Musk, CEO of Telsa and Twitter, set a world record for losing the most personal wealth, Guinness announced.
Musk, CEO of Space X, lost approximately $182 billion since November 2021, as estimated by Forbes, which far surpasses the previous record of $58.6 billion set by Japanese tech investor Masayoshi Son in 2000.
Mainly due to the dismal performance of Tesla's stock, which plummeted last year by more than 65%, Musk's net worth dropped to $138 billion from a high of $320 billion in 2021, according to Guinness.
Musk last month also lost his title as the world's richest person, with Forbes reporting in its real-time billionaire's list that Bernard Arnault and family, the co-founder and CEO of the French conglomerate LVMH, surpassed him with an estimated net worth of $190 billion.
Musk remains the world's second richest person. Tesla is still the world's most valuable car company, with a market cap more than $100 billion larger than Toyota, its closest competitor.
Brian Freeman ✉
Brian Freeman, a Newsmax writer based in Israel, has more than three decades writing and editing about culture and politics for newspapers, online and television.