Elon Musk Breaks Guinness World Record For Largest Fortune Loss via insideevs.com
; now, he's"only" second in that ranking behind the founder of luxury goods conglomerate LVMH , Bernard Arnault, who has an estimated net worth of $190 billion.for the"largest loss of personal fortune." While the size of the fortune Musk lost since November 2021 is almost impossible to ascertain –estimates it at $182 billion – his total losses far surpass the previous record of $58.6 billion, set by Japanese tech investor Masayoshi Son in 2000.
Son's net worth declined from a peak of $78 billion in February 2000 to $19.4 billion in July of the same year as the value of his tech conglomerate, Softbank, was wiped out by the dot-com crash. The situation at Softbank was so volatile at the time that Son's net worth sometimes shifted by as much as $5 billion in a day.
Eventually, Softbank went from strength to strength in the following years, acquiring several US and British tech companies, which saw Masayoshi Son's wealth recover. The same could happen to Elon Musk as he continues to build his own tech conglomerate,
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