After breaking the record for becoming the richest man in the world, Elon Musk has kicked off 2023 by breaking another world record — but in the opposite direction.
The Tesla and Twitter CEO lost so much of his fortune last year that Guinness World Records recognized him for it. He’s officially broken the world record for the “largest loss of personal fortune in history,” the organization said in a press release Friday.
Forbes recently estimated Musk’s net worth had plummeted by $183 billion in just over a year, while Bloomberg placed the estimate at $200 billion.
Before Musk, the previous record for personal fortune lost, much lower at $58.6 billion, was set by Softbank founder and CEO Masayoshi Son in 2000.
Musk’s net worth reached an all-time high in November 2021, when it blasted above $340 billion, according to Bloomberg estimates. But Tesla shares, responsible for most of Musk’s wealth, declined sharply last year, slumping 65% in 2022. Their dramatic plunge fall erupted after Musk acquired Twitter in October.