Ever since Musk took over Twitter, he made several drastic changes in the company.
This has scared advertisers who started distancing themselves which led to major losses for Musk.
The Guinness World Record (GWR) stated that the Tesla CEO has made a world record for the largest loss of personal fortune in history.
They cited Forbes‘s estimation that Musk had lost nearly $182 billion since November 2021. It stated the actual figure is close to $200 billion.
Although the exact figure is almost impossible to ascertain, Musk’s total losses far surpass the previous record of $58.6 billion, set by Japanese tech investor Masayoshi Son in 2000“, they said.
It also cost Musk the status of the world’s richest person.
Musk’s net worth was around $320 billion in November 2021, which dropped to $137 billion in January 2023.
The SpaceX founder sold around $7 billion worth of Tesla and another $4 billion later on as he bought Twitter.