This is reported by the organization, which tracks all kinds of different world records a blog on the site. Between November 2021 and last December, Elon Musk, founder of Tesla, head of SpaceX and owner of Twitter, lost the amount.
Stock money
Estimates of exactly what Musk is worth vary. Forbes magazine currently estimates his wealth at $178 billion (€165 billion). By far most of that money is in stocks, which currently have a low value.
If the shares rise in value again, the billionaire’s wealth will also rise again, reports the Guinness Book of Records. With his rapidly declining wealth, Musk breaks the world record set in 2000 by tech investor Masayoshi Son. That Japanese lost 58.6 billion dollars in a short time.
Wrong priorities
Musk bought Twitter last fall for $44 billion. Investors fear he hasn’t paid enough attention to Tesla since that purchase. The automaker’s shares lost about 65% of their value last year and “only” about 1.3 million cars were delivered, far fewer than previously hoped.
As of last month, Musk is no longer the richest man in the world. He has been overtaken by Bernard Arnault, the CEO of the French company which also includes Louis Vuitton.
