Elon Musk has added his name to the Guinness Book of World Records but for the largest loss of personal fortune.

According to the study published by Forbes, as of December 2022, around $165 billion of wealth.

Also, Musk has become the first person to lose $200 billion from his net worth.

With the recent drops in Tesla shares, his wealth dropped to $137 billion.

It was in November 2021 when Musk's fortune touched its zenith by hitting up to $340 billion.

The reasons are many, but the foremost important would be buying Twitter for $44 billion.

It is evident that there have been several falls after the purchase of Twitter, like Tesla not getting enough attention.

In December, Bernard Arnault, the chief executive of French luxury goods company LVMH, took the position of the world's richest man replacing Musk.