Guinness World Record: Elon Musk’s largest personal fortune loss

Elon Musk now has a Guinness World Record holder.

The “Technoking” of Tesla made it into the record books thanks to an abysmal 2022 which saw his fortune shrink by $182 billion, the organization announced Friday in a release Forbes cited this data.

Guinness noted that although “the exact figure (of Musk’s loss) is almost impossible to ascertain,” with some outlets estimating that he lost more than $200 billionThe Twitter owner has demolished the previous record, a loss of $58.6 Billion by Masayoshi Son, a Japanese investor in 2000.

Musk’s shrinking fortune This was in large part due to steep slide of Tesla shares, which lost roughly 65% of their value during the company’s worst year on record.

The loss was enough to knock him off his perch as the richest man in the world — a title now held by luxury goods magnate Bernard Arnault.

Of course, Musk isn’t the only billionaire whose fortune took a hit in 2022. American billionaires collectively lost $660 billion last yearCNBC Make It earlier reported.

The 53-year-old’s wealth decline spared Amazon founder Jeff Bezos from taking the Guinness World Record. Bezos’s $80 billion loss in 2022 would have firmly given him the “largest loss” title were it not for Musk.

Fellow tech CEO Mark Zuckerberg also broke Masayoshi Son’s record with his $78 billion loss.

Musk’s fortune once sat as high as $320 billion in late 2021. January 10, 2019 Forbes estimates His net worth is $142.1 million, making him No. 2 richest person in the world ahead of India’s Gautam Adani ($125.1 billion).

This story was first published on CNBC.com.

This article was originally published by TODAY.com