Elon Musk grabs remarkable Guinness World Record, isn’t proud of it

Tesla shares

The cause of that huge loss? Feel free to call it causes. First, Tesla shares lost a solid 65 percent in value in 2022. Second, Musk took over Twitter in a rather unusual way. That also had an effect on Tesla’s stock price.

Masayoshi Son has been defeated

Musk takes the place of Japan’s Masayoshi Son in the Guinness World Records book. He is the founder of Softbank – a technology investor – and lost about 54 billion euros in 2000 after the Internet bubble burst. So Musk firmly improved his record.

Still rich

By the way, we don’t have to feel sorry for Musk. He can still pay his utility bills without a problem. His wealth – even after major losses in 2022 – is still estimated at about 128 billion euros. The richest man on earth he is no longer. That is now Bernard Arnault, owner of Louis Vuitton Moët Hennessy (LMVH), the world’s largest conglomerate of luxury products.