After seeing his net worth fall by more than $180 billion, Elon Musk has officially lost more money than any other human in history, according to Guinness World Records.
Musk has now broken a record once again, but this time it’s not as flattering as being the world’s richest person.
According to estimations from Forbes, Musk has lost $182 billion since November 2021, but Guinness noted that other sources suggest it could be closer to $200 billion.
The record keepers shared that no matter the estimations, Musk’s total losses are at least triple the previous record of $58.6 billion, lost by Japanese tech investor Masayoshi Son in 2000.
Musk’s net worth peaked at $320 billion in 2021 and has since dropped to $138 billion, according to Forbes.
Part of the reason Musk’s fortune has been cut almost in half, is the decline of Tesla shares, which lost roughly 65% of their value in 2022, marking the company’s worst year ever.
The majority of Musk’s fortune is tied up in his electric car company’s stock, which began to drop at faster rates following his acquisition of Twitter for $44 billion in October.
The decline in net worth has also caused Musk to lose his title of the world’s richest person, a title that now belongs to the founder of Louis Vuitton Moët Hennessy, Bernard Arnault. Arnault’s net worth is an estimated $190 billion, Guinness shared.
Those who aren’t a fan of Musk shouldn’t get too excited as he remains the world’s second richest person, and Tesla is still the most valuable car company in the world.
Guinness also noted that the net worth of billionaires is much more volatile and variable than that of someone with an average income, mostly due to their fortune’s being made up of stock shares or investments.
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