The Tesla and Twitter CEO erased so much of his fortune in the last year that Guinness World Records recognised him for it. He's officially broken the world record for the "largest loss of personal fortune in history," the organisation 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 wiped out, much lower at $58.6 billion, was set by Softbank founder and CEO Masayoshi Son in 2000.
As a result, Musk is no longer the world's richest person, losing the title to Bernard Arnault, the head of the French company that owns Louis Vuitton.
Today, Musk is worth $144.4 billion, according to the latest Forbes estimates.
Source: www.guinnessworldrecords.com
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