<p>Elon Musk, the billionaire tech magnate and new owner of Twitter, broke a new dubious record of the largest loss of personal fortune. Musk has lost around $182 billion of personal wealth since 2021. Some sources indicate that the loss figure is close to around $200 billion.</p>

<p><strong>ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/elon-musk-first-person-in-human-history-to-lose-200-billion-548224">Elon Musk becomes first person in history to lose $200 billion in net worth</a></strong></p>

<p>After Amazon's Jeff Bezos, Musk was the second-only person with more than $200 billion in&nbsp;"personal fortune", a figure he achieved in January 2021.&nbsp;</p>

<p><strong>How much net worth has Elon Musk really lost?</strong></p>

<p>Elon Musk's net worth dropped from $320 billion in November 2021 to $137 billion as of January 2023. This loss has resulted in breaking of the world record for the largest-ever loss of personal fortune. The previous record for largest-ever loss of personal fortune was held by Japanese tech investor Masayoshi Son in 2000.&nbsp;</p>

<p><strong>What led to Musk's biggest-ever loss of personal fortune?</strong></p>

<p>The loss is largely attributed to the drop in Tesla stock value. Reports suggest that Musk sold around $7 billion worth of Tesla stock to finance his buyout of Twitter, with another $4 billion in November. He further sold $3.58 billion worth of stock, bringing his total sell-off close to $23 billion.</p>

<p><strong>ALSO WATCH |&nbsp;<a href="https://www.wionews.com/videos/us-elon-musk-loses-200-billion-in-a-year-entered-2022-with-340-billion-548392">US: Elon Musk loses $200 billion in a year</a></strong></p>

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<p>Elon Musk's decline in personal fortune was coupled with a massive 11 per cent fall in Tesla shares on December 27.&nbsp;</p>

<p>The hostile takeover of Twitter was coupled with Musk's polarising behaviour on the micro-blogging platform. This was cited as a reason for biggest-ever sell off of Tesla shares ever since the company went public in 2010.&nbsp;</p>

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Elon Musk, the billionaire tech magnate and new owner of Twitter, broke a new dubious record of the largest loss of personal fortune. Musk has lost around $182 billion of personal wealth since 2021.

Elon Musk, the billionaire tech magnate and new owner of Twitter, broke a new dubious record of the largest loss of personal fortune. Musk has lost around $182 billion of personal wealth since 2021. Some sources indicate that the loss figure is close to around $200 billion. ALSO READ | Elon Musk becomes first person in history to lose $200 billion in net worth After Amazon's Jeff Bezos, Musk was the second-only person with more than $200 billion in "personal fortune", a figure he achieved in January 2021. How much net worth has Elon Musk really lost? Elon Musk's net worth dropped from $320 billion in November 2021 to $137 billion as of January 2023. This loss has resulted in breaking of the world record for the largest-ever loss of personal fortune. The previous record for largest-ever loss of personal fortune was held by Japanese tech investor Masayoshi Son in 2000. What led to Musk's biggest-ever loss of personal fortune? The loss is largely attributed to the drop in Tesla stock value. Reports suggest that Musk sold around $7 billion worth of Tesla stock to finance his buyout of Twitter, with another $4 billion in November. He further sold $3.58 billion worth of stock, bringing his total sell-off close to $23 billion. ALSO WATCH | US: Elon Musk loses $200 billion in a year × Elon Musk's decline in personal fortune was coupled with a massive 11 per cent fall in Tesla shares on December 27. The hostile takeover of Twitter was coupled with Musk's polarising behaviour on the micro-blogging platform. This was cited as a reason for biggest-ever sell off of Tesla shares ever since the company went public in 2010. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Elon Musk breaks world record for largest-ever loss of personal fortune

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Elon Musk breaks world record for largest-ever loss of personal fortune