Elon Musk lost nearly $165 billion in the last 13 months. This places him as the billionaire with the greatest loss of personal wealth in history, as shown by the site of those responsible for the Guinness Book of Records.
Guinness assured that there are sources that suggest that the losses that the businessman had could be greater than those registered. This occurred after the value of the shares of Tesla, Musk’s electric car company, fell after it bought Twitter last year for $44 billion.
This generated that Tesla investors were concerned about the way Musk was running the company. The businessman was ranked one of the richest people in the world, This position was lost by Musk and replaced by Bernard Arnault, executive director of the French company Lvmh, owner of the fashion brand Louis Vuitton.
The record for the greatest loss of personal fortune was held by the Japanese Masayoshi Sona technology investor whose wealth dropped US$58.6 billion in 2000.
According to estimates, Musk’s fortune peaked in November 2021 at $340 billion.
Musk is estimated to be worth $144 billion, but most of it is invested in Tesla stock, which has plummeted 65% in value by 2022.
In fact, given the drop in its sales and the price of its shares, a few days ago Tesla Inc. reported that it drastically reduced the prices of various versions of its electric vehicles: lowering the prices in the United States of some versions of electric vehicles by almost 20%. the Model Y pickup, its best-selling model.