The previous record holder was Korean-Japanese billionaire and SoftBank founder Masayoshi Son, whose wealth peaked at $58 billion in 2000.
Meanwhile, the South African-born entrepreneur has lost $182 billion since November 2021, Guinness cited Forbes as saying that the 51-year-old business executive’s net worth has fallen from a peak of $320 billion in 2021 to $138 billion in January. happened. 2023, putting him behind France’s Bernard Arnault, who swapped places with him in December last year and whose net worthAs of January 10, 2023, was $196.6 billion.
Read also: Who is the richest man in the world, Bernard Arnault? 10 things to know
While the majority of Musk’s fortune is tied up in Tesla stock, according to Guinness, the decline in his fortune began after his acquisition of Twitter, which he bought in October 2022 for $44 billion.