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.