Elon Musk broke a new Guinness World Record after his personal fortune reportedly plummeted by roughly $100 billion last year, or in 2022 to be more exact.
The Guinness World Records organization announced that Musk now holds the world record for the "largest loss of personal fortune in history.
(Photo : Dimitrios Kambouris/Getty Images for The Met Museum/Vogue)
NEW YORK, NEW YORK - MAY 02: Elon Musk attends The 2022 Met Gala Celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 02, 2022 in New York City.
Elon Musk Guinness World Record
As per a report by Business Insider, Musk broke a new world record. But instead of achieving a milestone he could be proud of, he sets a new Guinness World Record after losing billions of dollars last year.
The tech billionaire now holds the record for the "largest loss of personal fortune."
Largest Loss of Personal Fortune in History
The Guinness World Records confirmed that Musk "has officially broken the world record for the largest loss of personal fortune in history."
The global organization cites the recent estimate by Forbes, which claims that the tech entrepreneur has lost about $182 billion since November 2021. However, the organization notes that he might have lost more than that, roughly $200 billion.
Some might be curious about who is the previous record holder before Musk. Guinness states that the losses of the Tesla boss appear to have significantly surpassed the previous figures of the Japanese tech guy, Masayoshi Son.
The latter reportedly lost around $58.6 billion in 2000. So the estimated
figures for Musk are way ahead of the Japanese investor.
Read Also: Elon Musk's Twitter Will Allow More Political Ads, Reversing 2019 Global Ban
No Longer the Wealthiest Man in the World
Musk, who owns tech giants like Tesla and SpaceX, was once heralded as the "wealthiest man in the world," second to none in terms of riches. After, his EV firm is the most valuable carmaker in the world, surpassing the Japanese automaker, Toyota.
(Photo : JIM WATSON/AFP via Getty Images)
Elon Musk pauses and looks down as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas on February 10, 2022. - Billionaire entrepreneur Elon Musk delivered an eagerly-awaited update on SpaceX's Starship, a prototype rocket the company is developing for crewed interplanetary exploration.
But this time, after losing billions of dollars, he sits behind other wealthy figures. Despite this, Tesla remains on top, still outperforming the value of its closest rival.
Guinness says that the founder of the luxury giant Louis Vuitton Moët Hennessy (LVMH) Bernard Arnault is now the wealthiest man in the entire world. The French billionaire flaunts an estimated net worth of $190 billion.
Meanwhile, the SpaceX founder's net worth is down to $138 billion as of writing. It is a significant decrease from its peak of $320 billion in 2021.
Aside from setting a new world record, the American-African entrepreneur also lost his "wealthiest man" title.
Related Article: Elon Musk's Twitter Cost-Cutting Aftermath: Lack of Janitors Force Employees to Bring own Toilet Paper
