What is Elon Musk’s net worth after his record-breaking wealth loss?

It’s official: Elon Musk has damaged the world report for the most important wealth loss in historical past after shedding $182 billion from his net worth since November 2021, in line with a report by Guinness World Records.

Mr Musk, co-founder of Tesla and the proprietor of social media platform Twitter in addition to Space X, began 2023 with a net worth of $138 billion, a pointy drop from the height of his wealth of $320 billion in 2021, Forbes journal information reveals.

However, Mr Musk’s present net worth has edged as much as $146 billion and he is ranked because the world’s second-richest individual, the Forbes Real-Time Billionaires List confirmed on Monday.

“Even though Musk has lost more money than any human in history, he won’t be going hungry any time soon — he’s still the world’s second-richest person,” Guinness World Records stated.

Global financial uncertainty — exacerbated by the Russia-Ukraine struggle, excessive inflation and rising rates of interest — has elevated volatility in monetary markets, ensuing on the planet’s wealthiest billionaires dropping practically a mixed $2 trillion in 2022.

Mr Musk was not the one billionaire to undergo a report loss to his private wealth in 2022, in line with Forbes.

“In a year of unprecedented wealth destruction, four other billionaires fell by record sums as tech stocks tanked,” Forbes stated.

Here, we checklist the highest 5 largest net-worth billionaire losers of 2022.

1. Elon Musk

Peak wealth: $320 billion (November 2021)

Mr Musk, 51, was the world’s richest individual for 14 months, however misplaced his crown to Bernard Arnault, chairman of French luxurious group LVMH, on December 12.

This is as a result of nearly all of Mr Musk’s private fortune is tied to Tesla inventory, which has misplaced about 67 per cent in worth since January 2022, when it was buying and selling at $399.93. The Nasdaq-listed firm ended buying and selling on Friday at $122.40.

Shareholder issues additionally deepened over Mr Musk’s distraction with Twitter, which he purchased in October for $44 billion.

Amazon founder Jeff Bezos lost $87.6 billion from his net worth in 2022. AP

2. Jeff Bezos

Peak wealth: $211 billion (July 2021)

Amazon founder Jeff Bezos began 2022 because the world’s second-richest individual with a net worth of $194.2 billion.

Once the world’s richest individual, Mr Bezos misplaced $87.6 billion, or 45.5 per cent, of his private fortune in 2022, in line with the Bloomberg Billionaires Index.

His present net worth is $118 billion, pushed down by the worth of Amazon inventory over the previous yr, Forbes stated.

Amazon’s decreased inventory worth comes throughout a slowdown in gross sales for the world’s largest e-commerce retailer as excessive world inflation continues to have an effect on shoppers.

Meta Platforms chief executive Mark Zuckerberg is the world's 26th-richest person after dropping $77 billion from his net worth last year. Reuters

3. Mark Zuckerberg

Peak wealth: $140 billion (September 2021)

Perhaps the most important fall out of the world’s high 10 richest checklist is that of Mark Zuckerberg, chief govt of Meta Platforms, previously often known as Facebook.

With a present net worth of $48.2 billion, Mr Zuckerberg is now the world’s Twenty sixth-richest individual — down from a excessive of quantity three in 2021.

Mr Zuckerberg dropped $77 billion from his net worth in 2022 after shares of his social media firm tumbled 64 per cent, Forbes stated.

SAN FRANCISCO, CA - NOVEMBER 02: Larry Page speaks during the Fortune Global Forum at the Legion Of Honor on November 2, 2015 in San Francisco, California.   Kimberly White/Getty Images for Fortune/AFP

4. Larry Page

Peak wealth: $129.5 billion (December 2021)

The tech inventory rout in 2022 additionally dragged down the private wealth of Larry Page, who co-founded Google with Sergey Brin in 1998.

Google father or mother Alphabet’s shares sank by 39 per cent in 2022, inflicting the billionaire to lose $46 billion from his net worth, Forbes stated.

He now has a net worth of $80 billion and is the Tenth-richest individual on the planet, in line with Forbes.

MOUNTAIN VIEW, CA - NOVEMBER 04: Sergey Brin attends the 2019 Breakthrough Prize at NASA Ames Research Center on November 4, 2018 in Mountain View, California.   Kelly Sullivan/Getty Images for Breakthrough Prize/AFP (Photo by Kelly Sullivan / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

5. Sergey Brin

Peak wealth: $124.6 billion (December 2021)

Mr Brin joined the unique $100 billion membership in April 2021, as tech shares surged in the course of the Covid-19 pandemic.

However, he misplaced his centibillionaire standing after dropping $45 billion from his private fortune in 2022, in line with Forbes.

Finally, a particular point out should go to Sam Bankman-Fried, the disgraced co-founder and former chief govt of collapsed cryptocurrency buying and selling platform FTX.

Mr Bankman-Fried, 30, misplaced his $16 billion fortune in a single day, in what has been described as the most important one-day loss on the Bloomberg Billionaires Index, after FTX filed for chapter in November.

Now underneath home arrest within the US, he has been charged with eight legal counts, together with conspiracy and wire fraud, for allegedly misusing billions of {dollars} in buyer funds earlier than the $9 billion collapse of FTX and Alameda Research, his cryptocurrency buying and selling firm.

Updated: January 16, 2023, 9:04 AM


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