Elon Musk is the owner of Tesla, SpaceX and Twitter. But he is better known as the richest man in the world at the end of 2021. With the current economic situation rather shaky, Tesla shares have plunged 70% compared to the peak in November 2021. According to the report of the Guinness Book of Records, Musk now officially holds the record for the largest loss of wealth in history .
Musk's net worth dropped from $320 billion in November 2021 to $138 billion earlier this month, a reduction of around $182 billion. This easily eclipses the record held by Masayoshi Son, the founder of Softbank who lost $58.6 billion in 2000.
The value of Musk's loss of wealth is enormous but he is still the second richest person in the world behind Bernard Arnault who is the CEO of LVMH Moët Hennessy Louis Vuitton. Tesla shares have stabilized again and today Musk's wealth has increased to $146.5 billion.
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CYBER LIFE