Elon Musk breaks world record for largest loss of personal fortune in history

Elon Musk has broken the world record for the largest loss of personal fortune in history, according to a Guinness World Records report.

The tech billionaire has lost approximately $182bn (£150bn) since November 2021, although other sources suggest that it could actually be closer to $200bn, the report said.

In December, the Tesla boss lost his position as richest person in the world to Bernard Arnault, the chief executive of French luxury goods conglomerate LVMH, which owns fashion label Louis Vuitton.

The decline accelerated in October after Musk bought Twitter for roughly $44bn (£36bn), it said.