World billionaire, Elon Musk has broken the world record after amassing the biggest losses to his personal fortune in history, losing a whooping £135billion between November 2021 and December 2022, as per Guinness World Records.
The news comes after the share value in Musk’s electric car firm Tesla dropped by around 65 percent after he purchased Twitter last year, a move that spooked investors.
The losses over takes the former record of £47billion by Japanese tech investor Masayoshi Son back in 2000.
Last December, Bernard Arnault overtook Musk as the world’s richest person. The figures were based on those available from publisher Forbes.
Guinness said Musk’s true losses could be higher than the figure given. His £36bn takeover of Twitter sparked concerns among investors Mr. Musk was not paying enough attention to Tesla.
The estimated loss is based on the value of his shares, which could regain their value. The value of Tesla shares dropped around 65 percent in 2022.
Mr. Musk is now worth about £152bn, according to Forbes. Mr. Arnault has an estimated value of £155bn.