Musk was listed as the ‘largest loss of personal fortune’ after losing the amount in December 2022.
Forbes reported that Musk’s net worth dropped from its peak of $320 billion in November 2021 to $155 billion one year later, largely down to poor performance of Tesla’s stock.
Other sources suggest his losses could in fact be closer to $200 billion.
Though the exact figure is almost impossible to ascertain, the total far surpass the previous record of $58.6 billion, suffered by Japanese tech investor Masayoshi Son in 2000.
Musk is the largest shareholder in Tesla, with a stake of 14 per cent. He completed a tumultuous $44bn takeover of Twitter in October.
His net worth peaked in November 2021, reaching $340bn, according to Bloomberg.
However, Musk’s fortunes were dented after the Twitter takeover coupled with his “polarising behaviour on the platform” that sparked the biggest Tesla stock sell-off, Guinness World Records said.
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