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Daily Mirror
Daily Mirror
World
Liam Buckler

Elon Musk loses $180billion in just over a year, Guinness World Records claims

Twitter billionaire Elon Musk has lost more money than anyone in history, according to the Guinness World Records.

The Tesla owner, 51, lost his title as the world's richest man last month after he reportedly lost around $182billion (£149billion) between November 2021 and January this year.

According to data used by Forbes, Guinness revealed the only person to ever come close to losing a similar amount of money was back in 2000.

Japanese billionaire Masayoshi Son, CEO of SoftBank, reportedly lost $58.6billion (£48billion) during the stock crash.

Musk's huge losses have come off the back of his recent purchase of social-networking giant Twitter - which he bought for $44 billion in October last year.

His controversial purchase has seen the billionaire make thousands of Twitter works redundant.

The billionaire is still the second richest person in the world (AFP via Getty Images)

Musk's tenure has also seen him comment on political issues and debates which has affected his Tesla stock value.

Investors in the electric car company have been voicing concern their boss is spending too much time trying to run Twitter.

According to Bloomberg, Tesla stock has dropped 39 per cent of its value since December 1.

Musk previously sold large amounts of Tesla stock in order to fund the purchase of Twitter.

His company has faced difficulties acquiring materials along with an increase competition of electric car companies.

In addition, with production delays and missed deadlines, investors at Tesla want Musk to focus his attention on the company.

However, he is said to be trying to fix Twitter "until the org (organisation) is fixed."

Tesla stock has dropped 39 per cent of its value since December 1 (Getty Images for The Met Museum/Vogue)

His net worth is split between multiple different companies with the bulk of his income coming from Tesla shares and his SpaceX company.

Musk's SpaceX manufacturing company is roughly 37 per cent of his net worth and shares in Tesla account for around 33 per cent, according to Bloomberg.

The rest is made up of shares in Twitter and the Boring Company which Musk created to build tunnels and reduce traffic.

Musk went from being the richest man on the planet with a fortune of $320 billion in 2021 to now $147 billion.

He is the second-richest person in the world.

Bernard Arnault, the CEO of luxury goods conglomerate LVMH, remains first and is said to be worth $204 billion.

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