Elon Musk Breaks Guinness Record For Losing the Most Money of Anyone in History According to the Guinness Book of World Records, the Twitter owner has lost around $200 billion of his fortune since November 2021.

By Emily Rella

Opinions expressed by Entrepreneur contributors are their own.

Getty Images
Elon Musk speaks at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway.

He's one of the world's wealthiest people (and sometimes the wealthiest), but billionaire Elon Musk also knows how to lose money — and he's breaking records for it.

According to the Guinness Book of World Records, the Twitter owner has officially lost the most amount of money of anyone in history — roughly between $182 billion and $200 billion (or more) of his personal fortune since November 2021.

Musk's net worth as of Monday afternoon was an estimated $187 billion, per Bloomberg's Billionaire Index, putting him in the No. 2 spot of the world's richest people behind the chairman of LVMH, Bernard Arnault.

Musk was dethroned from the top spot by Arnault last December after Musk's whiplash purchase of Twitter for an estimated $44 billion, which caused him to sell roughly $15 million in his own Tesla shares months earlier as a means of financing the acquisition.

The previous record for the most personal fortune loss was held by Japanese investor Masayoshi Son, who set the record in 2000 after losing $58.6 billion on his investments.

Per Forbes, Musk's highest net worth was $320 billion during the peak of his companies' performances (notably Tesla) in 2021 before hitting his record-low of $138 billion this January.

Tesla is estimated to have dropped by over 65% in valuation last year.

However, things may be looking up for the electric car company.

RELATED: Tesla Reports Record Deliveries for the First Quarter of 2023 Following Price Cuts

On Monday, the company revealed that deliveries were up an impressive 35% during Q1 2023 versus the same time last year, mostly thanks to price cuts on the vehicles.

Tesla's full Q1 earnings are expected to be reported later this month.

Tesla was down just under 50% year over year as of late Monday afternoon.

Emily Rella

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Zillow Predicts These 10 Places Will Have the Hottest Housing Markets in 2025

Zillow predicted that the hottest housing market of 2025 will be Buffalo, New York. Here's why.

Business News

Macy's Just Released the List of 66 Stores Closing This Year — Here's Where

Around 150 underproductive stores are set to close over the next three years.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

These Are the 10 Highest-Paying Jobs That Only Require a 2-Year Degree — With Some Around $100,000 and Higher

People with two-year degrees may see career growth in the healthcare, aviation, and technology industries over the next 10 years, according to a new report.

Marketing

Why 2025 Will Be the Year AI Redefines Content Creation and Search Strategies

Artificial intelligence and machine learning are transforming the SEO landscape, requiring professionals to adapt their keyword strategies, content creation and user engagement techniques in response to revolutionary tools like ChatGPT.