Twitter and Tesla CEO, Elon Musk, has recorded the ‘largest loss of personal fortune’ according to the Guinness Book of World Records, after losing approximately $182 billion within a year.
According to Forbes, Mr Musk’s net worth dropped from a peak of $320 billion in 2021 to $138 billion as of January 2023, largely due to the poor performance of Tesla’s stock.
It noted that the majority of the US entrepreneur’s fortune is tied up in his Tesla stock and the value fell 65 per cent in 2022.
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