World’s Richest Man Elon Musk Named TIME Magazine Person Of The Year

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Elon Musk - 2021 - Time Person Of The Year - Photograph by Mark Mahaney for TIME

Elon Musk has been named Time magazine‘s “Person of the Year” for 2021, in a year in which his electric car company Tesla become the most valuable in the world, while his rocket company soared to the edge of space with an all-civilian crew.

Tesla’s market value soared to more than $1 trillion this year, making it more valuable than Ford Motor and General Motors combined.

Musk is also the founder and chief executive officer of SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.

The magazine’s editor-in-chief, Edward Felsenthal said “For creating solutions to an existential crisis, for embodying the possibilities and the perils of the age of tech titans, for driving society’s most daring and disruptive transformations, Elon Musk is TIME’s 2021 Person of the Year.

According to the magazine, the “Person of the Year” signifies somebody “who affected the news or our lives the most, for better, or worse.”

Time magazine named the teenage pop singer Olivia Rodrigo as its “Entertainer of the Year“, American gymnast Simone Biles “Athlete of the Year” and vaccine scientists were named “Heroes of the Year“.