The decrease in the businessman’s fortune in 2021, has given Elon Musk Guinness World Record. Elon is now the businessman who lost the most money in a year.
According to Guinness World Records, Elon Musk has now broken the record for the greatest loss of personal fortune in history (GWR). His loss surpassed the previous record by up to $124 billion.
The owner of Twitter has lost over $182 billion since November 2021. While “the exact value is practically impossible to verify,” other sources claim the lost amount is closer to $200 billion, breaking the previous record set by Japanese tech billionaire Masayoshi Son, who lost $58.6 billion in 2000, by a significant margin.
Musk’s steep descent kicked off in October 2022, when he purchased Twitter for approximately $44 billion.
The billionaire is not going to like the Elon Musk Guinness World Record news
In 2022, Musk, who doesn’t seem to care much about many criticisms of his actions in the business world and social media, usually approaches the news with a sarcastic style and makes fun of it when it comes to any topic on the agenda about himself.
While most people are dying to enter the Guinness book, this category is unfortunately the nightmare of successful businessmen. According to GWR, Masayoshi Son’s net worth decreased because of the turbulence and falling value of his tech business, Softbank, from a peak of $78 billion to $19.4 billion in July of 2000.
With the vast majority of Musk’s fortune hinged on Tesla stock, the 65 percent drop in the company’s value in 2022 was another black eye in a storm of financial woes that knocked off his status as the world’s richest person but gave Elon Musk Guinness World Record.
Elon Musk net worth
Musk’s fortune once sat as high as $320 billion in late 2021. As of Jan. 10, his net worth sits at $142.1 billion, making him the number two richest person in the world ahead of India’s Gautam Adani and before Bernard Arnault & family. Even though the 182 billion net worth loss gave Elon Musk Guinness World Record, he is still the second richest person in the world.
These are the world’s richest 10 billionaires according to Forbes:
|Name||Net Worth||Age||Source of wealth|
|Bernard Arnault & family||$203.1 B||73||LVMH|
|Elon Musk||$143.8 B||51||Tesla, SpaceX|
|Gautam Adani||$123.9 B||60||Infrastructure, Commodities|
|Jeff Bezos||$113.1 B||58||Amazon|
|Warren Buffett||$110.0 B||92||Berkshire Hathaway|
|Larry Ellison||$107.3 B||78||Oracle|
|Bill Gates||$102.6 B||67||Microsoft|
|Mukesh Ambani||$89.3 B||65||Diversified|
|Carlos SlimHelu||$86.8 B||82||Telecom|
|Francoise Bettencourt Meyers||$79.2 B||69||L’Oréal|
How has Elon Musk made his money?
In 2002, Musk profited $175.8 million from the sale of PayPal to eBay. With a $2 billion net worth, he was first included on the Forbes Billionaires List in 2012.
Musk’s net worth was $27 billion at the beginning of the year 2020. By the end of the year, his net worth had climbed by $150 billion, largely as a result of his ownership of about 20% of the stock in Tesla. Musk’s net worth was erratic during this time. For instance, it fell $16.3 billion in September, the biggest decrease in a single day in the history of the Bloomberg Billionaires Index. Musk surpassed Microsoft co-founder Bill Gates to take over the second-richest position in the world a week after passing Facebook co-founder Mark Zuckerberg to become the third-richest person in the world in November of that year.
With a net worth of $185 billion, Musk overcame Jeff Bezos, the founder of Amazon, to claim the title of the richest person in the world in January 2021. The following month, Bezos recaptured first place. After Tesla’s stock price soared on September 27, 2021,
Forbes declared that Musk was the world’s richest person and had a net worth of over $200 billion. Musk became the first person to have a net worth of $300 billion in November 2021. According to a report on December 30, 2022, Musk had lost $200 billion from his net worth as a result of falling Tesla stock prices, making him the first person in history to suffer such a significant financial loss. 182 billion net worth loss gave Elon Musk Guinness World Record.
182 billion net worth loss gave Elon Musk Guinness World Record news ends here. Keep reading us to follow what Elon Musk, who shook the technology world in 2022, will do in the business world in 2023.