Elon Musk broke the world record for the largest loss of personal property in history. Elon Musk

Elon Musk has broken the world record for the largest loss of personal property in history, reports Guinness World Records.

The report says the tech billionaire has lost around $182bn (£150bn) since November 2021, although other sources suggest it could actually be closer to $200bn.

“Musk’s net worth is set to fall from a peak of $320bn in 2021 to $138bn by January 2023, largely due to the poor performance of Tesla’s stock,” the global records database said, citing data from Forbes.

While the report acknowledges that the exact figure is “almost impossible to ascertain”, it notes that Musk’s total losses “far exceed” the previous record of $58.6bn (£47bn) set by Japanese tech investor Masayoshi Son in 2000.

In December, the Tesla boss lost his spot as the richest person in the world to Bernard Arnault, chief executive of French luxury goods conglomerate LVMH, which owns the fashion label Louis Vuitton.

As of 12 January, Forbes estimated Arnault’s net worth at $203.7bn (£168bn) and Musk’s at $146.5bn (£121bn).

Much of Musk’s fortune is tied up in Tesla stock, whose value is set to drop 65% in 2022, says a Guinness World Records report.

The decline accelerated after Musk bought Twitter for around $44bn (£36bn) in October.

Weak demand and growing concerns about logistical problems have hampered deliveries for the world’s most valuable automaker.

As the market closed on December 30, 2022, Musk tweeted: “Long-term fundamentals are extremely strong. Short-term market craziness is unpredictable.”

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