China News Service, January 10. According to the official website of Guinness World Records, Musk, the CEO of Twitter and Tesla, has lost about 200 billion U.S. dollars in assets since November 2021, officially breaking the record for personal wealth in history. The world record for the most losses.
Data map: Musk.
The official website of Guinness World Records quoted data from the Forbes website as saying that as of January 2023, Musk's net worth has dropped from a peak of US$320 billion in 2021 to US$138 billion, with a loss of about US$182 billion.
Guinness’s official website stated that there are other sources showing that the value of Musk’s property damage may actually be close to 200 billion US dollars.
While exact figures are hard to pin down, Musk's loss far exceeds the previous record of $58.6 billion set in 2000 by well-known Japanese investor Masayoshi Son.
Musk's property loss also caused him to temporarily fall from the throne of the world's richest man, handing over the top spot to Bernard Arnault, founder of luxury goods group LVMH with a net worth of about $190 billion.
According to reports, most of Musk's wealth is tied to Tesla stock, and his property loss is largely due to the poor performance of Tesla stock.
Musk's acquisition of Twitter and his various biased behaviors on Twitter triggered Tesla's largest stock sell-off since it went public in 2010, with its value plummeting 65% in 2022.
Relevant data show that despite the collapse of prosperity, Tesla is still the most valuable car company in the world, and its market value is 100 billion US dollars higher than that of second-ranked rival Toyota.
The net worth of billionaires is reported to be more variable than that of average earners.
The bulk of a billionaire's wealth is usually in stocks and investments, so as markets fluctuate, so can the apparent wealth of their owners.
Guinness said that as Musk continues to develop his technology enterprise, his fortune is likely to rebound someday in the future.