Elon Musk breaks world record for biggest wealth loss in history
Elon Musk has broken the world record for the biggest wealth loss in history after shedding $182 billion from his net worth since November 2021, according to a report by Guinness World Records.
Mr Musk, co-founder of Tesla and the owner of social media platform Twitter as well as Space X, began 2023 with a net worth of $138 billion, a sharp drop from the peak of his wealth of $320 billion in 2021, Forbes magazine data shows.
“Even though Musk has lost more money than any human in history, he won't be going hungry any time soon — he’s still the world’s second-richest person,” Guinness World Records said.
Global economic uncertainty — exacerbated by the Russia-Ukraine war, high inflation and rising interest rates — has increased volatility in financial markets, resulting in the world’s wealthiest billionaires losing nearly a combined $2 trillion in 2022.
Mr Musk was not the only billionaire to suffer a record loss to his personal wealth in 2022, according to Forbes.
“In a year of unprecedented wealth destruction, four other billionaires fell by record sums as tech stocks tanked,” Forbes said.
Elon Musk has broken the world record for the biggest wealth loss in history after shedding $182 billion from his net worth since November 2021, according to a report by Guinness World Records.
Mr Musk, co-founder of Tesla and the owner of social media platform Twitter as well as Space X, began 2023 with a net worth of $138 billion, a sharp drop from the peak of his wealth of $320 billion in 2021, Forbes magazine data shows.
“Even though Musk has lost more money than any human in history, he won't be going hungry any time soon — he’s still the world’s second-richest person,” Guinness World Records said.
Global economic uncertainty — exacerbated by the Russia-Ukraine war, high inflation and rising interest rates — has increased volatility in financial markets, resulting in the world’s wealthiest billionaires losing nearly a combined $2 trillion in 2022.
Mr Musk was not the only billionaire to suffer a record loss to his personal wealth in 2022, according to Forbes.
“In a year of unprecedented wealth destruction, four other billionaires fell by record sums as tech stocks tanked,” Forbes said.
Elon Musk has broken the world record for the biggest wealth loss in history after shedding $182 billion from his net worth since November 2021, according to a report by Guinness World Records.
Mr Musk, co-founder of Tesla and the owner of social media platform Twitter as well as Space X, began 2023 with a net worth of $138 billion, a sharp drop from the peak of his wealth of $320 billion in 2021, Forbes magazine data shows.
“Even though Musk has lost more money than any human in history, he won't be going hungry any time soon — he’s still the world’s second-richest person,” Guinness World Records said.
Global economic uncertainty — exacerbated by the Russia-Ukraine war, high inflation and rising interest rates — has increased volatility in financial markets, resulting in the world’s wealthiest billionaires losing nearly a combined $2 trillion in 2022.
Mr Musk was not the only billionaire to suffer a record loss to his personal wealth in 2022, according to Forbes.
“In a year of unprecedented wealth destruction, four other billionaires fell by record sums as tech stocks tanked,” Forbes said.
comments
Elon Musk breaks world record for biggest wealth loss in history
comments