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Tuesday, January 10, 2023

The Daily Money: Elon Musk sets new record for losing most money

elon musk biggest money loser ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Tuesday, January 10

It's raining. It's pouring. California is storming.

Thousands are fleeing their homes here, the death toll is rising and flood warnings continue statewide as an endless barrage of storms slam California.

So are the gale-force winds and all this precipitation (hail, too!) happening because of climate change?

The short answer: It's too soon to say. But climate scientists say the state's weather is becoming more variable and more intense. And that is a long-predicted effect of global warming.

There's good news, too, this wet Tuesday. Check out the $49 fare sale from Southwest. An olive branch for the airline's epic holiday meltdown? 

Talk about misfortune

Believe it or not, there are some Guinness World Records that no one wants to break.

With Twitter in chaos and Tesla in freefall, billionaire techie Elon Musk has set a new world record for losing the most wealth ever. 

The Tesla and Twitter CEO vaporized so much of his wealth since November 2021 that he's broken the world record for the "largest loss of personal fortune in history," the global organization that keeps track of record achievements said in a press release Friday.

Elon Musk pauses and looks down as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas in February.
Elon Musk pauses and looks down as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas in February.
JIM WATSON, AFP via Getty Images

Guinness reported the record after Forbes assessed Musk lost $182 billion, although other sources suggest that it could be closer to $200 billion.

Who holds the previous record? Softbank founder and CEO Masayoshi Son in 2000. He lost $58.6 billion.

📰 More stories you shouldn't miss 📰

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File your taxes early: Filing taxes early is never a bad idea. It may even come with a chance to win money this year

100 deaths linked to Fisher-Price baby sleepers: They were recalled in 2019, CPSC says

🍔 Today's Menu 🍔

Just cook and chillEveryone's favorite laid-back chef Jamie Oliver publishes 'most user-friendly book' yet 

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

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