Life Style: Elon Musk’s $165bn slump in fortune biggest in history

LONDON: American billionaire Elon Musk has broken the record for the “largest loss of personal fortune,” after his wealth fell by $165 billion last year, Guinness World Records said.

The figures are based on a report by Forbes magazine, which said Musk’s net worth dropped from a peak of $320 billion in November 2021 to $155 billion in December 2022.

GWR said that although “the exact figure (of Musk’s loss) is almost impossible to ascertain,” some sources suggested the drop could have been even higher, possibly over $200 billion.