The Tesla and Twitter CEO lost so much of his fortune in the last year that Guinness World Records recognized him the person with the “largest loss of personal fortune in history.
Musk now owns more than 424 million Telsa’s shares and owns 42% of SpaceX. His net worth estimate as of January 9, 2023, is $144.4 billion. It means that Musk has been erased roughly $162 billion from his peak net worth of 306.4 billion in November 2021 according to Forbes’ estimate. His net worth’s sharp decline was mostly caused by Telsa’s shares which had free fall last year, dropping more than 60% in .
Before Musk, Masayoshi Son, the founder and CEO of Softbank, set the previous record for the largest personal wealth wipeout, which was far smaller at $58.6 billion.
However Elon Musk wasn’t the only person, though, whose fortune plummeted by an astoundingly large quantity. The top leaders of Amazon, Meta and Google stand right behind him in the Forbes list of the “biggest losers” in .
Below is the list of billionaires who suffered the greatest income losses in .
1. Elon Musk
Title: CEO, Tesla and Twitter
Estimated losses: -$125 billion
Net worth: $144.4 billion as of Jan. 09
2. Jeff Bezos
Title: Founder and chair, Amazon
Estimated losses: -$85 billion
Net worth: $110.6 billion as of Jan. 09
3. Mark Zuckerberg
Title: Co-founder, Meta Platforms (Facebook’s parent company)
Estimated losses: -$77.3 billion
Net worth: $47 billion as of Jan 09
4. Larry Page
Title: Co-founder and board member, Google
Estimated losses: -$40 billion
Net worth: $76.8 billion as of Jan 09
5. Sergey Brin
Title: Cofounder and Board Member, Google
Estimated losses: -$74.2 billion
Net worth: $45 billion as of Jan 09