Elon Musk has kickstarted the new year by breaking a Guinness World Record – for losing the most amount of money, ever.
According to Forbes, the tech billionaire, 51, has plummeted approximately $182bn (£150bn) since November 2021. However, Guinness' report suggested it's more likely to be around the $200bn (£164bn) mark.
While the exact figure is difficult to ascertain, his losses so far have surpassed the previous record of $58.6 billion (£49bn), set by Japanese tech investor Masayoshi Son in 2000.
Musk's net worth slump is said to be down to the poor performance of Tesla’s stock, dropping from a peak of $320bn (£263bn) in 2021 to $138bn (£169bn) as of January 2023. Although, it's worth noting that his estimated loss is based on his share values, which could regain value in time.
The shocking decline is said to have accelerated in October following his $44bn (£37bn) Twitter takeover.