Current:Home > InvestElon Musk has lost more money than anyone in history, Guinness World Records says -FundTrack
Elon Musk has lost more money than anyone in history, Guinness World Records says
View
Date:2025-04-16 13:27:00
Tesla CEO Elon Musk has broken a record for the largest amount of money lost by one person, 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 its current level of about $147 billion. Still, Musk remains the second-richest person in 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.
veryGood! (92586)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Trump asks a court to prevent Michigan secretary of state from leaving his name off the 2024 ballot
- Finland convicts 3 far-right men for plotting racially motivated attacks using 3D printed weapons
- The Telegram app has been a key platform for Hamas. Now it's being restricted there
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Vikings get QB Joshua Dobbs in deadline deal with Cardinals in fallout from Cousins injury
- Addiction can lead to financial ruin. Ohio wants to teach finance pros to help stem the loss
- Does a temporary job look bad on a resume? Ask HR
- Trump's 'stop
- 'See death in a different way': The history of Day of the Dead and how to celebrate this year
Ranking
- What do we know about the mysterious drones reported flying over New Jersey?
- Clemson football's Dabo Swinney stands by response to 'idiot' caller: 'I've never flinched'
- King Charles III visits war cemetery in Kenya after voicing ‘deepest regret’ for colonial violence
- Business group estimates several hundred thousand clean energy jobs in EV, battery storage and solar
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Dutch court sentences Russian businessman to 18 months for busting sanctions targeting Moscow
- North Carolina’s top elevator official says he’ll no longer include his portrait in every lift
- UN forum says people of African descent still face discrimination and attacks, urges reparations
Recommendation
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
Biden administration announces measures to combat antisemitism on U.S. campuses
Yemen’s Houthi rebels claim attacks on Israel, drawing their main sponsor Iran closer to Hamas war
On an airplane, which passenger gets the armrests?
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
14 Curly Girl Must-Haves to Take Your Hair From Okay to Yay
Kids return to school, plan to trick-or-treat as Maine communities start to heal from mass shooting
SPANX Flash Sale: Get Ready for Holiday Party Season and Save up to 68% Off