World record-setting wealth loss for Elon Musk
World record-setting wealth loss for Elon Musk Elon Musk, the owner of Twitter and founder of SpaceX, has set a new world record and this is a world record for the most significant loss of personal wealth. In a post on its website, Guinness World Records said that between November 2021 and December 2022, his wealth decreased by $165 billion. These figures are taken from data from Forbes magazine, but Guinness says that according to some other sources, the loss to Elon Musk could be even higher. When he bought Twitter last year, his electric car company shares, Tesla, saw a decline as investors worried that he was not paying enough attention to Tesla after buying Twitter for $44 billion. The previous record for the largest loss in personal wealth was held by Japanese technology investor Masayoshi Son in 2000, who lost $58.6 billion. This estimate of losses is based on the value of their shares that can recover their lost value. This means that their wealth may also increase. He lost his...