Grayson  Preston-Elon Musk has lost more money than anyone in history, Guinness World Records says

2025-04-28 21:41:42source:Ov Financecategory:Markets

Tesla CEO Elon Musk has broken a record for the largest amount of money lost by one person,Grayson  Preston according to Guinness World Records.

Musk lost between $180 billion and $200 billion since November 2021, largely due to the poor performance of Tesla stocks in recent years, according to the report.

His fortune went from about $320 billion in 2021 to itscurrent level of about $147 billion. Still, Musk remains the second-richest personin the world, behind Bernard Arnault, the CEO of luxury goods conglomerate LVMH, according to numbers by Forbes.

Despite Tesla setting new sales records in 2022 (it grew deliveries by 40% from the previous year), the stock lost 65% of its value in 2022, due to competitors.

The previous record for the most money lost by one person was $58.6 billion, set by Japanese tech investor Masayoshi Son in 2000, according to the Guinness report.

More:Markets

Recommend

What do we know about the mysterious drones reported flying over New Jersey?

A large number of mysterious droneshave been reported flying over parts of New Jersey in recent week

RFK Jr. sues Nevada’s top election official over ballot access as he scrambles to join debate stage

RENO, Nev. (AP) — Robert F. Kennedy Jr.’s campaign filed a lawsuit Friday against Nevada’s top elect

Six Texas freshwater mussels, the “livers of the rivers,” added to endangered species list

DALLAS (AP) — The U.S. Fish and Wildlife Service declared six species of freshwater mussels found in