Add another accomplishment to the extensive list of achievements for Elon Musk; Guinness World Record holder. He’s officially in the book under the category of “Largest loss of personal fortune.” Would you rather lose $182 billion or have the world’s longest fingernails? See your net worth sink nearly $200 billion, or hop around the country on a pogo stick. I’ll take the lost fortune because there are billions still left.
My first thought was that the Guinness World Record people were piling on Musk and created this category just for him, but it turns out there was a previous record. It belonged to SoftBank CEO Masayoshi Son, who lost $58.6 billion during the dot-com bust of 2000.
With this loss of wealth came another distinction for Musk — he’s now the second richest person in the world, training Bernard Arnault, who is worth an estimated $200.1 billion, compared to Musk’s $142 billion.
There are two reasons for Musk’s unfortunate dip in his fortune. The primary one is that Tesla’s stock has fallen 56% over the time frame Guinness measured. One share of stock is now roughly $110, but don’t shed too many tears for Elon — he owns 14% of all Tesla stock.
Purchasing Twitter was an expensive venture for the iconic business leader — on top of the $44 billion price tag, it kept him away from Tesla headquarters for most of Q4.
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