Elon Musk sets Guinness World Record for losing $182,000,000,000 of personal wealth

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Elon Musk began 2023 by setting a world record for money lost. Elon Musk has officially broken the world record for the “largest loss of personal fortune in history,” by loosing $182,000,000,000 of personal wealth according to a press release issued by the organisation on Friday.

According to Forbes, Musk’s net worth has dropped by $183 billion in just over a year, while Bloomberg puts the figure at $200 billion. Prior to Musk, the previous record for personal fortune wiped out was set by Softbank founder and CEO Masayoshi Son in 2000, at a much lower $58.6 billion. According to Bloomberg estimates, Musk’s net worth peaked in November 2021 at $340 billion. However, Tesla shares, which account for the majority of Musk’s wealth, went into free fall last year, dropping 65% by 2022. Their precipitous drop accelerated after Musk purchased Twitter in October.

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Elon Musk sets Guinness World Record for losing $182,000,000,000 of personal wealth

Elon Musk began 2023 by setting a world record for money lost. Elon Musk has officially broken the world record for the “largest loss of personal fortune in history,” by loosing $182,000,000,000 of personal wealth according to a press release issued by the organisation on Friday.

According to Forbes, Musk’s net worth has dropped by $183 billion in just over a year, while Bloomberg puts the figure at $200 billion. Prior to Musk, the previous record for personal fortune wiped out was set by Softbank founder and CEO Masayoshi Son in 2000, at a much lower $58.6 billion. According to Bloomberg estimates, Musk’s net worth peaked in November 2021 at $340 billion. However, Tesla shares, which account for the majority of Musk’s wealth, went into free fall last year, dropping 65% by 2022. Their precipitous drop accelerated after Musk purchased Twitter in October.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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