Elon Musk's Guinness World Record for the 'largest loss of personal fortune in history'

In order to start off 2023, Elon Musk broke a world record for money lost

The CEO of Tesla and Twitter lost a significant portion of his wealth in the previous year, earning him a Guinness World Record for it

The organisation announced in a press release on Friday that he had successfully broken the previous record for the largest loss of personal fortune in history

Recent estimates from Forbes and Bloomberg put Musks net worth decline at 183 billion and 200 billion, respectively, in less than a year

Before Musk, Masayoshi Son, the founder and CEO of Softbank, set the previous record for the largest personal wealth wipeout, which was considerably lower at 586 billion

According to estimates from Bloomberg, Musks net worth peaked in November 2021 when it reached 340 billion

But Tesla stock, which accounts for the majority of Musks wealth, went into free fall last year and will decline by 65 by 2022

Their drastic fall picked up speed after Musk bought Twitter in October

As a result, Musk is no longer the worlds richest person, losing the title to Bernard Arnault, the head of the French company that owns Louis Vuitton

Today, Musk is worth 1444 billion, according to the latest Forbes estimates