Posted 12 января 09:12

Published 12 января 09:12

Modified 12 января 09:48

Updated 12 января 09:48

Elon Musk has broken the world record for the size of the loss of personal wealth

12 января 2023, 09:12
The main reason for the losses is the fall in the value of Tesla shares, with which most of Musk's fortune is associated. Last year, they lost 65% in price, according to a report by the Guinness Book of Records.

The Guinness Book of World Records named Elon Musk the owner of the world record for the size of the loss of personal wealth. Since November 2021, when his fortune was estimated at $ 320 billion, Musk has lost about 182 billion (a number of sources believe that the real losses are closer to $ 200 billion).

In the report guinnessworldrecords.com Admittedly, it is impossible to establish an exact figure of losses, but in any case, Musk's total losses "far exceed" the previous record of $58.6 billion set in 2000 by Japanese technology investor Masayoshi Son.

The main reason for the losses is the fall in the value of Tesla shares, with which most of Musk's fortune is associated. Last year, they lost 65% in price, according to a report by the Guinness Book of Records. Another explanation for the losses is Musk's October purchase of Twitter for about $44 billion. The entrepreneur himself assessed the results of the year in his social network on December 30, 2022 as follows: "Long-term fundamentals are extremely strong. Short-term market madness is unpredictable."

Musk also lost the title of the richest man in the world last December, losing it to Bernard Arnault, CEO of the French luxury goods conglomerate LVMH. According to Forbes estimates on January 12, Arno's fortune was $203.7 billion, and Mask's was $146.5 billion.