Elon Musk has officially earned a Guinness World Record for the largest wealth drop in a single year. According to Forbes, Musk’s fortune dropped by a staggering $182 billion in 2022, making him the first person to ever lose such a large amount of money in a single year.
The decline in Musk’s wealth was mainly due to the decline in Tesla’s stock price, which dropped by more than 40% in 2022. Musk’s other companies, such as SpaceX and The Boring Company, also saw their stock prices decline during the year.
The decline in Musk’s wealth was a stark contrast to the previous year, when his fortune increased by $150 billion. This increase was largely due to the surge in Tesla’s stock price, which rose by more than 700% in 2021.
Despite the large drop in his wealth, Musk still remains one of the world’s wealthiest people. According to Forbes, he is currently worth an estimated $157 billion, making him the fourth-richest person in the world.
The decline in Musk’s wealth has also had an impact on Tesla’s stock price. The company’s stock has dropped by more than 20% since the start of 2022, and analysts have attributed the decline to investor concerns about Musk’s wealth.
Despite the decline in his wealth, Musk remains optimistic about the future. He recently tweeted that he believes Tesla’s stock price will reach $1 trillion in the near future.
It remains to be seen if Musk’s prediction will come true, but one thing is certain: he now holds the Guinness World Record for the largest wealth drop in a single year.
