Musk breaks world record for biggest loss of individual fortune in history.
The Twitter and Tesla CEO - who was overwhelmed as the world's most extravagant man in December - has lost about £153bn ($182bn) since November 2021, as per gauges by Forbes.
Oher sources recommend that it could really be nearer to £170bn ($200bn).
As per Forbes, Musk's total assets dropped from a pinnacle of $320bn in 2021 to $138bn as of January 2023, to a great extent because of the lackluster showing of Tesla's stock.
A Guinness World Records report said while the specific figure of Musk's misfortunes is "beyond difficult to discover", his complete misfortunes "far outperform" the past record of $58.6bn set by Japanese tech financial backer Masayoshi Child in 2000.
Musk slipped to second put on the worldwide rich rundown toward the finish of last year, surpassed by LVMH Moët Hennessy Louis Vuitton executive and President Bernard Arnault.
Arnault's total assets is recorded as $203.7bn (£168bn) on the Forbes list, while Musk's is recorded at $146.5bn (£121bn).
The report brings up the total assets of very rich people is "considerably more unstable and variable" than that of the typical worker.
This is on the grounds that the greater part of a very rich person's fortune commonly appears as offers and speculations. As the market valuation of these ventures varies, so too does their proprietor's clear abundance."
It added: "As Elon Musk keeps on building his own tech aggregate, we will not be amazed to see him return excessively eventually."
Musk breaks world record for biggest loss of individual fortune in history.