Bill Buckner. Justin Guarini. Anyone who “ran” against Vladimir Putin. Now Elon Musk has joined the ranks of history’s biggest losers. He Guinness Book of World Records has awarded the CEO of Tesla, SpaceX and Twitter a record for the largest loss of personal fortune. Forbes has estimated that in the last year or so, Musk’s wealth has shrunk by $182 billion.
In November 2021, Musk’s wealth peaked at around $320 billion, making him the richest man in the world. However, most of it came from Tesla stock, which fell in value significantly during 2022. His October 2022 purchase of Twitter for $44 billion, which he financed with part of his Tesla stock, also made a big impact on Your results.
In December, Musk’s losses overthrown he from the top of the Forbes readyand the title of the richest person in the world went to Bernard Arnault of the LVMH Group, owner of luxury brands such as Louis Vuitton, Dior and Sephora. Forbes noted that several other billionaires suffered heavy losses in 2022, when tech stocks were hit hard. Jeff Bezos lost $85 billion and Mark Zuckerberg saw $77 billion of his wealth disappear.
The previous world record for the largest loss of personal fortune was held by Masayoshi Son, CEO of Softbank, who lost more than $59 billion during the dot-com crash of 2000. Today, Son ranks 67th on the US billionaires list. Forbes.
