The now former richest man alive and Tesla CEO Elon Musk has just lost so much money that he broke a Guinness World Record in the process.
Musk broke the world record for the largest loss of personal fortune in history, having plummeted by roughly $182 billion since November of 2021. This was mainly attributed to the poor performance of the Tesla stock.
Guinness World Record stated that the word ‘roughly’ here is important as it is very difficult to ascertain what the exact figure is by now. The top spot for richest man alive now belongs to French business magnate Bernard Arnault, who is the CEO of LVMH Moet Hennessy, the world’s largest luxury goods company.
Musk tweeted out saying that ‘long term fundamentals are extremely strong. Short term market madness is unpredictable’. This suggests that Musk is seemingly confident about turning this around, despite losing more money than most people, or even entire countries, will have in their entire lifetime.
The previous record holder for loss of personal wealth was tech investor Masayoshi Son, who topped the list in 2000 with a loss of $58.6 billion.
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