February 1, 2023

Taylor Daily Press

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Elon Musk breaks a remarkable record: the billionaire lost the most money ever, according to the Guinness Book of Records | cash

The CEO of Tesla, SpaceX and Twitter Elon Musk broke a new record, although he was not waiting for it. The 51-year-old billionaire is said to have suffered the largest loss of his personal wealth in the past year, according to Guinness World Records. Musk lost at least $182 billion (€169 billion). Small boost: He remains the second richest person in the world.

According to US business magazine Forbes, Musk has lost at least $182 billion (€169 billion) since November 2021. Other sources claim that the Tesla boss has already seen nearly $200 billion (€186 billion) disappear Like snow in the sun.

Musk took the title of the biggest money spender from the Korean-Japanese businessman Masayoshi Son. This is the founder of the Japanese multinational SoftBank, a company that mainly invests in telecommunications and Internet companies. In 2000 it lost almost 59 billion dollars (about 55 billion euros). As a result, Japanese assets fell from $78 billion (€73 billion) to $19 billion (€18 billion).

The second richest man

Musk witnessed his wealth shrink to $138 billion (about 128 billion euros), according to “Forbes”, while it previously amounted to $320 billion (about 300 billion euros). The main reason for his financial loss was the fall in Tesla shares, which lost about 65% of their value in 2022 during the company’s worst year on record. In addition, the acquisition of Twitter, for which Musk had to pay $ 44 billion, also plays an important role.

Musk lost the title of the world’s richest man in December 2022. He was dethroned by Bernard Arnault, founder of Louis Vuitton Moët Hennessy, the world’s largest luxury brand conglomerate. Arnault’s fortune is estimated at $190 billion (€177 billion).

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Bernard Arnault, founder of Louis Vuitton Moët Hennessy. © Photo News

a look. Last month, Musk was heavily booed after appearing on a show by American comedian Dave Chappelle: