As Elon Musk was giving his second day of testimony in San Francisco about his 2018 Tesla Inc. go-private tweet, his wealth was increasing about $11 billion in two days.
Musk’s fortune has swelled by about $10.6 billion to $145.2 billion since taking the stand on Friday, according to the Bloomberg Billionaires Index, the biggest two-day gain since November.
Guinness noted that although “the exact figure [of Musk’s loss] is almost impossible to ascertain,” with some outlets estimating that he lost more than $200 billion, the Twitter owner demolished the previous record: a $58.6 billion loss by Japanese investor Masayoshi Son in 2000.
The loss was enough to knock him off his perch as the richest man in the world — a title now held by luxury goods magnate Bernard Arnault.
His wealth was increasing by the most in more than two months.