Elon Musk’s drop in Fortunes breaks world record.
Elon Musk has broken the world record for the largest loss of personal fortunes in history.
From November 2021 to December 2022 he lost around $165bn, Guinness World Records said in a blog on its website. The figures are based on data from publisher Forbes, but Guinness said other sources suggested Mr. Musk’s losses could have been higher.
It follows a fall in the value of shares in Mr.Musk’s electric car firm Telsa after he bought Twitter last year.
His $44bn takeover of the social media company has spoken concerns among investors that Mr.Musk is no longer living Tesla enough attention.
Mr.Musk’s losses since November 2021 surpass the previous record of $58.6bn suffered by Japanese tech investor Masayoshi Son in 2000