The Guinness World Records has recognized Tesla CEO Elon Musk as the biggest loser of personal fortune in the whole of human history. In a blog post, the organization which keeps track of achievements noted that Elon Musk lost more than $182 billion since November 2021, while citing Forbes. “He has lost approximately $182 billion (£153B; €173B) since November 2021, as estimated by Forbes, although other sources suggest that it could actually be closer to $200 billion,” the organization wrote.
According to the blog post, “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.”
In a publication we shared recently, we highlighted that (as of the time of the publication) the billionaire’s net worth had dropped to $146.5 billion after peaking at $340 billion on the 4th of November 2021, due to the decline in the prices of Tesla shares. The title of the world’s richest man has also been claimed by Bernard Arnault, the CEO of LVMH – the world’s largest luxury goods company. Bernard Arnault is estimated to have a net worth of $190 billion.
With a valuation of over $300 billion, Tesla is one of the most valued companies owned by Elon Musk. The company which focuses on meeting the demand of both users and the environment by powering its cars with electricity instead of detrimental fossil fuels, exceeded a $1 trillion market capitalization for the first time in October 2021, joining the global most-valued companies like Apple Inc., Amazon, Alphabet, and Microsoft. Although Tesla has only a tiny share of the overall auto market, the company is a global leader when it comes to electric vehicles.
“Despite the plunge in prosperity, Tesla remains the most valuable car company in the world, with a market cap over $100 billion larger than their closest competitor, Toyota. And don’t worry, even though Musk has lost more money than any human in history, he won’t be going hungry any time soon – he’s still the world’s second-richest person,” the blog noted.
Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.
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