Elon Musk records highest personal fortune loss

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Twitter boss and the Chief Executive Officer of Tesla, Elon Musk, has been listed in the Guinness Book of Record for losing $165 billion of his personal fortune.

The Nigerian News gathered that Musk was listed as the ‘largest loss of personal fortune’ after losing the amount in December 2022.

According to Forbes, “Musk’s net worth dropped from its peak of $320 billion in November 2021 to $155 billion one year later, largely down to poor performance of Tesla’s stock.”

Also, there are speculations that his losses could be closer to $200 billion.

Though the exact figure is almost impossible to ascertain, the total exceeds the previous record of $58.6 billion, suffered by Japanese tech investor, Masayoshi Son, in 2000.

Musk, who is the largest shareholder in Tesla, with a stake of 14 per cent, completed a chaotic $44bn takeover of Twitter in October.

According to Bloomberg, his net worth peaked in November 2021, reaching $340bn.

The Guinness World Records said Musk’s fortunes were, however, dented after the Twitter takeover coupled with his “polarising behaviour on the platform” that sparked the biggest Tesla stock sell-off.

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