https://sputnikglobe.com/20230112/tesla--spacex-ceo-elon-musk-breaks-world-record-for-largest-personal-fortune-tumble--1106243888.html
Tesla, SpaceX Boss Elon Musk Breaks World Record for Largest Loss of Personal Fortune
Tesla, SpaceX Boss Elon Musk Breaks World Record for Largest Loss of Personal Fortune
Sputnik International
Elon Musk has broken a world record for the largest personal fortune loss.
2023-01-12T08:21+0000
2023-01-12T08:21+0000
2023-01-12T11:35+0000
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Elon Musk has made history, but probably not in a way he would have wished: the chief executive of Tesla, SpaceX and Twitter has suffered the largest loss of personal fortune in history, according to the Guinness World Records.The tech billionaire had lost approximately $165Bln as of December 2022, the record compiler announced in a blog post on its website, citing the Bloomberg Billionaires Index. However, citing other sources, the South African-born entrepreneur's losses could be nearer $200Bln.This comes after shares in electric vehicle manufacturer Tesla, in which most of Elon Musk's fortune is tied up, plummeted 65 percent in 2022.The decline accelerated in October, after Musk acquired Twitter for an estimated $44Bln. The tumultuous takeover was followed by a major sell-off of Tesla shares in December, driving the price down more than 36 percent.Adding to his woes, Musk lost his "richest man in the world" status recently.French tycoon Bernard Arnault, whose wealth stems, in greater part, from his 48 percent ownership stake in fashion giant LVMH (Louis Vuitton Moët Hennessy), has overtaken Musk in the billionaires' ranking. Arnault, 73, has an estimated net worth of $190Bln.
https://sputnikglobe.com/20221221/musk-vows-to-step-down-from-twitter-once-he-finds-someone-foolish-enough-to-take-the-job-1105655456.html
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elon musk, tesla, spacex, musk broke world record, largest personal fortune loss, bloomberg billionaires index, electric vehicle manufacturer tesla, tesla shares, bernard arnault has overtaken musk, billionaires’ ranking,
elon musk, tesla, spacex, musk broke world record, largest personal fortune loss, bloomberg billionaires index, electric vehicle manufacturer tesla, tesla shares, bernard arnault has overtaken musk, billionaires’ ranking,
Tesla, SpaceX Boss Elon Musk Breaks World Record for Largest Loss of Personal Fortune
08:21 GMT 12.01.2023 (Updated: 11:35 GMT 12.01.2023) Earlier, Tesla and SpaceX chief executive Elon Musk, who was once worth as much as $340Bln, was overtaken as the "world's richest person" by Bernard Arnault, the chief executive of luxury goods group LVMH.
Elon Musk has made history, but probably not in a way he would have wished: the chief executive of Tesla, SpaceX and Twitter has suffered the largest loss of personal fortune in history, according to the Guinness World Records.
The tech billionaire had lost approximately $165Bln as of December 2022, the record compiler announced in a
blog post on its website, citing the Bloomberg Billionaires Index. However, citing other sources, the South African-born entrepreneur's losses could be nearer $200Bln.
"Though the exact figure is almost impossible to ascertain, the total far exceeds the previous record of $58.6Bln, suffered by Japanese tech investor Masayoshi Son in 2000," added the authority.
This comes after shares in electric vehicle manufacturer Tesla, in which most of Elon Musk's fortune is tied up, plummeted 65 percent in 2022.
The decline accelerated in October, after
Musk acquired Twitter for an estimated $44Bln. The tumultuous takeover was followed by a major sell-off of Tesla shares in December, driving the price down more than 36 percent.
21 December 2022, 01:47 GMT
Adding to
his woes, Musk lost his "richest man in the world" status recently.
French tycoon Bernard Arnault, whose wealth stems, in greater part, from his 48 percent ownership stake in fashion giant LVMH (Louis Vuitton Moët Hennessy), has overtaken Musk in the billionaires' ranking. Arnault, 73, has an estimated net worth of $190Bln.
