Tesla CEO Elon Musk has been listed in the Guinness Book of Records for losing $165 billion of his personal fortune.
Musk was listed as the “largest loss of personal fortune” after losing the amount in December 2022.
Forbes reported that Musk’s net worth fell from its peak of $320 billion in November 2021 to $155 billion a year later, largely due to underperforming Tesla stock.
Other sources suggest that his losses could, in fact, be closer to $200 billion.
Although the exact figure is nearly impossible to determine, the total far exceeds the previous record of $58.6 billion suffered by Japanese tech investor Masayoshi Son in 2000.
Musk is Tesla’s largest shareholder, with a 14 percent stake. He completed a tumultuous $44 billion acquisition of Twitter in October.
His net worth peaked in November 2021, reaching $340 billion, according to Bloomberg.
However, Musk’s fortunes took a hit after the Twitter takeover along with his “polarizing behavior on the platform” sparked the biggest sell-off in Tesla shares, Guinness World Records said.
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