The Tesla and SpaceX CEO Elon Musk has been making headlines since he bought Twitter for $44 billion last year
However, the billionaire entrepreneur has now set a new Guinness World Record albeit for losing personal wealth
According to the Guinness World Record, the business tycoon has lost around $182 billion since November 2021
The publication stated that Musk’s total losses far surpass the previous record of $58.6 billion, set by Japanese tech investor Masayoshi Son in 2000
“Although the exact figure is almost impossible to ascertain, Musk’s total losses far surpass the previous record of $58.6 billion, set by Japanese tech investor Masayoshi Son in 2000,” the world’s record keeper wrote in its blog post
Musk’s net worth reportedly dropped from $320 billion in November 2021 to $137 billion as of January 2023, largely due to the poor performance of Tesla’s stock
Furthermore, the entrepreneur also lost his status as the world’s richest person to Bernard Arnault, founder of luxury goods conglomerate LVMH (Louis Vuitton Moët Hennessy), who has an estimated net worth of $190 billion
The
Guinness World
Record, however, said the net worth of billionaires is much more volatile and variable than the net worth of someone who earns an average income