Fact checked by Giselle Cancio Elon Musk is referred to as "the world's richest man" so frequently that you might think he trademarked the phrase. But the South Africa-born billionaire also holds another distinction: the largest loss ever of a personal fortune.

Monday, the chainsaw met his net worth, and when it was through slicing away through the stock market’s ugly fall … well, let’s be real, Elon still isn’t hurting. That said, he did lose an incredible amount of money, according to multiple reports.

Unless we’re stopped, we’ll get to $1 trillion of savings,” Musk told the Fox Business host, a White House economic adviser during Trump’s first term. Most of that, Mus