Elon Musk Breaks Guinness Record For Losing the Most Money of Anyone in HistoryAccording to the Guinness Book of World Records, the Twitter owner has lost around $200 billion of his fortune since November 2021.

ByEmily Rella

Getty Images
Elon Musk speaks at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway.

He's one of the world's wealthiest people (and sometimesthewealthiest), but billionaire Elon Musk also knows how to lose money — and he's breaking records for it.

According to theGuinness Book of World Records, the Twitter owner has officially lost the most amount of money of anyone in history — roughly between $182 billion and $200 billion (or more) of his personal fortune since November 2021.

麝香'snet worthas of Monday afternoon was an estimated $187 billion, per Bloomberg's Billionaire Index, putting him in the No. 2 spot of the world's richest people behind the chairman of LVMH, Bernard Arnault.

麝香was dethronedfrom the top spot by Arnault last December after Musk's whiplash purchase of Twitter for an estimated $44 billion, which caused him to sell roughly $15 million in his own Tesla shares months earlier as a means of financing the acquisition.

The previous record for the most personal fortune loss was held by Japanese investor Masayoshi Son, who set the record in 2000 after losing $58.6 billion on his investments.

PerForbes, Musk's highest net worth was $320 billion during the peak of his companies' performances (notably Tesla) in 2021 before hitting his record-low of $138 billion this January.

Tesla is estimated to have dropped by over 65% in valuation last year.

However, things may be looking up for the electric car company.

RELATED:特斯拉的报告记录交付第一砂岩ter of 2023 Following Price Cuts

On Monday, the companyrevealedthat deliveries were up an impressive 35% during Q1 2023 versus the same time last year, mostly thanks to price cuts on the vehicles.

Tesla's full Q1 earnings are expected to be reported later this month.

Teslawas downjust under 50% year over year as of late Monday afternoon.

Wavy Line
Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Editor's Pick

Related Topics

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Science & Technology

This Is the New ChatGPT Trend That Will Enhance Your Business

ChatGPT plugins are becoming the new cool trend among entrepreneurs to enhance their businesses and engage more customers. Here are some insights into how they're impacting business enterprises, along with some potential risks that may accompany the benefits.

Living

How to Start a 'Million Dollar' Morning Routine

Restructure your morning with a few simple steps that may help to amplify your energy.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.