Elon Musk makes the record book – for biggest personal financial loss

Elon Musk’s wild 2022 has had some major impact on his pocketbook, according to Guinness World Records.

Elon Musk’s style of making waves continued into Saturday, with the world’s second-richest man wining an ignominious feat, courtesy of the Guinness World Records.

That feat? Becoming owner of the largest loss of personal fortune in history.


By the numbers: Musk’s $44 billion investment in Twitter, coupled with a tumultuous drop in share price for Tesla, have spelled a rough 2022 for the South African billionaire.

  • Guinness, relying on Forbes records, estimated Musk lost around $182 billion since November 2021. The number could be higher, near $200 billion.
  • Musk’s losses undoubtedly exceed the previous record holder, SoftBank CEO Masayoshi Son, who lost $58.6 billion in 2000.

The backstory: Guinness pointed to most of the losses occurring after Musk announced his intention to acquire Twitter for $44 billion last April.

  • Musk sold $7 billion worth of Tesla stock as he was trying to finance his deal to buy the social media company and another $4 billion in November.
  • Musk then sold $3.58 billion more worth of stock in December, bringing his total sell-off to more than $23 billion since April. 
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