--- title: "Elon Musk Sets Guinness World Record for Losing the Most Money" description: "Elon Musk can now be proud of the fact that he's officially the record holder for the \"largest loss of personal fortune in history.\"" date: "2023-01-11" modified: "2023-01-11" authors: - name: "Frank Landymore" job_title: "Contributing Writer" link: "https://futurism.com/authors/flandymore" url: "https://futurism.com/the-byte/elon-musk-guinness-record-losing-money" categories: - "Elon Musk" - "Future Society" - "The Industrialists" tags: - "elon musk" - "finance" - "tesla" - "the digest" --- # Elon Musk Sets Guinness World Record for Losing the Most Money ![Elon Musk can now be proud of the fact that he's officially the record holder for the "largest loss of personal fortune in history."]() *\Image: Michael Gonzalez via Getty / Futurism\* ## Making History Elon Musk is now officially a Guinness World Record holder… for the most amount of money a single human has lost, ever. His net worth plummet of $182 billion since November last year has now made the controversial business magnate the record holder for the "largest loss of personal fortune in history." That figure comes from *Forbes*' estimate — actually on the low end, with *Bloomberg* [putting it as high as $200 billion]() — which amounts to a 57 percent decline, down from $320 billion in November to "just" $138 billion earlier this month. Guinness admits in its [press release]() that "the exact figure is almost impossible to ascertain." But even if you give or take a couple billion, Musk's sky-high losses are easily clear of the previous record held by Korean-Japanese investor and Softbank CEO Masoyishi Son of $58.6 billion. ## Tesla Troubles What could cause such a drastic dropoff? Well, most of Musk's wealth is tied up in shares of his electric vehicle outfit Tesla, the stock of which has been tanking since last fall and took another [nosedive last week]() — the automaker's worst day in two years. The CEO tried to alleviate his losses by vigorously [unloading billions of dollars worth of his Tesla shares](), but evidently that wasn't enough to prevent him from landing in the record books. Tesla stock was already trending downward amidst broader scrutiny from the public and governments alike over the [safety]() and [marketing of its vehicles]() when Musk bought Twitter in October, a [maligned move]() that came with its own [heaps]() [of]() [controversy](), and Tesla only continued its downward spiral from there. Overall, 2022 proved to be the [worst year in Tesla stock's history](), with a 65 percent annual decline totaling around $700 billion of market valuation now vanished. To be fair, last year was a pretty bad one for a lot of the world's richest in general, like [Sam Bankman-Fried]() and [Mark Zuckerberg](), to name a few. According to *Forbes*, the wealth of billionaires across the globe dropped by nearly $2 trillion in 2022. Despite his continuing concatenation of calamities, Musk can take solace in the fact that he's still the second richest person in the world, not to mention *inconceivably* wealthy. **More on Elon Musk:** *[Elon Musk Now Denies That His Family's Emerald Mine Existed, In Spite of Previously Bragging About It]()* ## Author At Futurism, my work has often centered on bringing a sense of clarity and insight to complex topics ranging from the regulation of emerging technologies to the esoteric ideologies of Silicon Valley executives, while striving not to lose the poetic sense of awe inspired by often-obscure fields like astrophysics and quantum computing. I broke the story of CNET using AI to produce articles that turned out to be riddled with factual errors and plagiarism — a dam-breaking inflection point, as I've reported, that's inspired copycats and endless discourse while beguiling stakeholders ranging from tech giants to purveyors of spam around the web. My work at Futurism has been cited by publications including CBS News, the Los Angeles Times, Vice, Gizmodo, Engadget, the Verge, and Vanity Fair. I grew up in locales ranging from India to China, and now live in the exotic suburbs of Virginia. In my free time, I'm an avid reader of weird sci-fi literature, an aficionado of East Asian cinema, and, regrettably, a relapsed gamer. Allegedly, I’m working on a debut novel, currently untitled. ### Author social links [Bluesky]()