Elon Musk breaks world record for huge loss of personal fortune

by time news

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Elon Musk, who lives in America, was born in South Africa in 1971. He runs the space exploration company SpaceX and the leading electric vehicle manufacturer Tesla. Musk had previously expressed his desire to buy Twitter for $44 billion.

However, Musk announced that he was abandoning the decision to buy the company, saying that Twitter did not disclose information about fake accounts. Following this, the Twitter management had announced that they would go to court. In this context, Musk surprised everyone by taking over Twitter. Meanwhile, it is noteworthy that he is also running a perfume industry.

Musk is believed to be the second person with a personal net worth of US$200 billion after Amazon founder Jeff Bezos. He accomplished this feat in 2021. Musk has consistently topped the list of the world’s richest people. However, from November of the same year, the value of his property began to decline, according to reports.

Elon Musk’s net worth has decreased from $320 billion in November 2021 to $137 billion in January 2023. The loss is seen as the world record for the largest personal property loss ever.

Elon Musk breaks world record for huge loss of personal fortune

The Guinness Book of World Records stated on its official website, “Although it is almost impossible to confirm the exact figure, Musk’s total loss exceeds the previous record set by Japanese tech investor Masayoshi Son in 2000 (loss of US$58.6 billion).”

Currently, according to Forbes magazine, Bernard Arnold is on the first place and Elon Musk is on the second place.

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