Beats the record of Softbank founder Masayoshi Son whose fortune collapsed during the dot-com crash.
Elon Musk may have lost the coveted title of the world's richest person in 2022. But the man surely did it in style as he set a Guinness World Record and lost an estimated $182 billion of personal fortune, theIt surely wasn't that Musk set out to achieve such a feat by the time 2022 was over.
This was due to the massive wealth he had amassed the previous year, as Tesla stock soared to all-time highs. Interesting Engineering had then reported how Musk madeHowever, as the U.S. Federal Bank began increasing interest rates in April last year, Musk's worst fears of a recession slowly started coming true. Raising money in the market became dearer, and investors began parking their money in safer destinations, away from technology stocks like Tesla.
Musk's attention being diverted by Twitter is also adding to the company's stock price woes but Musk appears unmovable from the CEO chair, even after
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