Highlights

Elon Musk lost more than $100 billion in 2022
Musk no longer holds the title of world's richest person
Musk's net worth peaked in November 2021, when it reached $340 billion

Latest news

iQOO 16 Confirmed For India With Snapdragon 8 Elite Extreme Gen 6 And OriginOS 7

ASUS Announces Festive Discounts Across Laptops, Gaming PCs And Tablets

Priyanka Gandhi lies on ground, Rahul detained as Delhi Police stop INDIA bloc MPs' Jantar Mantar march

Emotion, tears as Messi retires from Argentina national team

Rajpal Yadav tells CJI Surya Kant his legal troubles inspired film title ‘Solah Sawan Jhel Ke’

Arun Govil returns to ‘Ramayana’ as King Dashrath in new poster

Sensex falls 429 points, Nifty slips 173 points after RBI rate hike

RBI raises repo rate by 25 bps to 5.50%, shifts policy towards tightening

Elon Musk sets Guinness World Record for 'greatest-ever loss of personal fortune'

Name: Elon Musk sets Guinness World Record for 'greatest-ever loss of personal fortune'
Uploaded: 2023-01-10T15:15:52.000+05:30
Duration: T00M51S
Channel: Editorji News Desk
Description: Before Musk, the previous record for personal fortune wiped out, much lower at $58.6 billion, was set by Softbank founder and CEO Masayoshi Son in 2000.

Before Musk, the previous record for personal fortune wiped out, was much lower at $58.6 billion, was set by Softbank founder and CEO Masayoshi Son in 2000.

Updated: Sep 02, 2022 10:53

Editorji News Desk

Join our WhatsApp Channel

Elon Musk sets Guinness World Record for 'greatest-ever loss of personal fortune'

Elon Musk is back in the news, but this time it is not about Tesla or Twitter. Musk, who is no longer the world's richest person, broke the Guinness World Record for biggest loss of personal wealth in history.

Forbes recently estimated Musk's net worth had eroded by $183 billion in just over a year, while Bloomberg placed the estimate at $200 billion.

Musk's net worth peaked in November 2021, when it reached $340 billion, according to Bloomberg estimates. But Tesla shares, responsible for most of Musk's wealth, entered a free fall last year, dropping 65% in 2022. Tesla shares' drastic fall picked up pace after Musk bought Twitter in October.

Before Musk, the previous record for personal fortune wiped out, was much lower at $58.6 billion, was set by Softbank founder and CEO Masayoshi Son in 2000.