Tag: Guinness World Records

Elon Musk reclaims his title as the richest man in the world

Although Musk owns a number of businesses, the majority of his money is invested in his electric car company Tesla.
Elon Musk has once more outdueled other billionaires to reclaim his position as the richest man in the world.

The electric car manufacturer Tesla’s stock increased 100% in January, increasing the billionaire’s net worth to $186 billion (£154 billion), according to the Bloomberg Billionaires Index, and things are looking up for him.

In December, Musk lost the title of the world’s richest person to fashion titan Bernard Arnault, according to Forbes’ real-time wealth tracker.

Musk and Arnault, who owns Louis Vuitton’s parent company LVMH, have lately been neck and neck for the top spot.

Arnault and his family became the richest people in the world as their fortune leapt to $185.4 billion. Their current net worth stands at $184 billion, just a few billion short of Musk’s.

Elon Musk has once again wrestled his way to the top of the billionaire race to retake the title of the world’s richest person

If you’re getting a sense of deja vu, it’s because Musk did the same in 2022 and 2021 when he blew past rival Jeff Bezos to attain the rank of world’s richest person.

Musk owns a number of companies but the bulk of his wealth is tied up in his electric car company Tesla.

Last year, the Tesla co-founder slipped from the top of the billionaire’s list as shares in the automaker declined.

Musk kicked off the year by becoming the first person in history to lose approximately $2 billion. He even set a world record for the largest loss of personal fortune in history according to the Guinness World Records.

Now, an increased investor demand and customer interest in his recently discounted Tesla models, and a better economic forecast, have propped up his fortunes.

In November, Musk hinted at the possibility of Twitter going bankrupt

Musk made his debut on the Forbes list of billionaires in 2012 with an estimated net worth of $2 billion.

Currently, SpaceX is his most valuable company in which he has a $44.8 billion stake.

Besides Tesla and Twitter, which he bought for $44 billion last year, Musk also heads rocket company SpaceX and Neuralink, a startup developing interfaces to connect the human brain to computers.

March 2, 2023
Elon Musk: Twitter’s CEO drop in fortunes breaks world record

Elon Musk has set a new world record for the largest personal fortune loss in history.

Guinness World Records said in a blog on its website that he lost around $165 billion between November 2021 and December 2022.

The figures are based on data from the publisher Forbes, but Guinness believes Mr Musk’s losses could have been higher.

It follows a drop in the value of Mr Musk’s electric car company Tesla after he purchased Twitter last year.

Investors are concerned that Mr. Musk is no longer giving Tesla enough attention following his $44 billion (£36 billion) acquisition of the social media company.

Mr Musk’s losses since November 2021 surpass the previous record of $58.6 billion (£47 billion), suffered by Japanese tech investor Masayoshi Son in 2000.

The estimated loss is based on the value of his shares, which could regain their value, meaning Mr Musk’s wealth would increase again.

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

The value of Tesla shares dropped around 65% in 2022, in part because of Tesla’s performance. The firm delivered just 1.3 million vehicles during the year, falling short of Wall Street expectations.

However, Mr Musk’s takeover of Twitter – where he has sparked controversy by firing large numbers of staff and changing content moderation policies – is behind most of the share slump.

Many Tesla investors believe he should be focusing on the electric vehicle company as it faces falling demand amid recession fears, rising competition, and COVID-linked production challenges.

“Long-term fundamentals [at Tesla] are extremely strong. Short-term market madness is unpredictable,” Mr Musk tweeted after the stock markets closed for the year in December 2022.

According to Forbes, Mr. Musk is now worth approximately $178 billion (£152 billion), while Bernard Arnault is estimated to be worth $188 billion (£155 billion).

Source: BBC.com

January 12, 2023
26-year-old cat named oldest in the world by Guinness

Guinness World Records said the cat, named Flossie, was verified as 26 years and 316 days old, roughly the equivalent of 120 years old in humans.The record-keeping organization said Flossie was originally adopted as a stray living near a hospital with her siblings and lived with her first owner until their death about 10 years later. Flossie then lived with her original owner’s sister for 14 years, until that owner also died.

Flossie was taken in by another relative, who was able to care for her for about three years before turning the feline over to charity Cats Protection.

Cats Protection placed Flossie in a new home with owner Vicki Green.

“She sometimes misses her litter box or needs help grooming herself, but I can help with all of that. We’re in this together,” Green told Guinness World Records. “Cats Protection has a lot of mature cats in need of a home and they don’t need to be high maintenance. All they want is a cuddle and somewhere warm to sleep. I’m glad that Cats Protection matched me with Flossie; adopting her has been rewarding for us both.”

November 28, 2022