Elon Musk has smashed an unwanted world record. 9News MORE:
The former world's richest man lost about US$165 billion from November 2021 to December 2022, the Guinness World Records wrote on
The data is based on figures published by publisher Forbes, but Guinness said other sources suggested Musk's losses could have been higher, the BBC reports.Elon Musk has recorded the biggest loss of a personal fortune in history, according to Guinness World Records.Demand for Teslas weakened as competition in electric vehicles from established car makers surged last year.It comes after a drop in value of shares in Musk's electric car firm Tesla after he purchased Twitter last year.
His constant tweeting and increasingly erratic behavior, particularly after taking over as CEO at Twitter, has angered Tesla investors who want Musk to pay more attention to his significantly larger and more valuable company.Musk has defended himself against critics, saying he hasn't missed a major Tesla meeting since taking on responsibility for Twitter.
The CEO of Tesla, SpaceX and Twitter is worth $201 billion, according to the Bloomberg Billionaires Index, good enough for second place on the list of the world's richest behindThat makes Musk the first person ever to lose $300 billion in wealth, Bloomberg reported last month.
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