Elon Musk is Time journal’s Individual of the Yr

Elon Musk can add one other title to his résumé: Time’s Individual of the Yr.

The journal introduced Monday the CEO of Tesla and SpaceX, to not point out the world’s richest individual, obtained their high honor.

“Individual of the Yr is a marker of affect, and few people have had extra affect than Musk on life on Earth, and probably life off Earth too,” wrote Time Editor-in-Chief and CEO Edward Felsenthal. “In 2021, Musk emerged not simply because the world’s richest individual but in addition as maybe the richest instance of a large shift in our society.”

As of Sunday, Musk is way and away the world’s richest individual, in response to Bloomberg’s Billionaires Index, with a complete web price of $266 billion.

►Xbox restock: Find out how to discover a PS5 or Xbox Sequence X, from the shoppers who snagged one

Is it a steal?: Find out how to know if that rating on eBay or Amazon is legit

The index exhibits Musk’s worth surged $110 billion prior to now yr. The second-richest individual is Amazon founder Jeff Bezos, with a web price of $198 billion.

His web price is predicted to skyrocket due to ventures along with his aerospace firm, SpaceX, and electrical automobile maker Tesla. In October, funding agency Morgan Stanley projected Musk may turn into the world’s first trillionaire.

The entrepreneur has additionally been very vocal on Twitter. In October, Musk took a jab at Bezos for his second-place spot among the many world’s richest individuals. In a separate tweet, he additionally mentioned he worries the falling birthrate worldwide may threaten human civilization.

Observe Brett Molina on Twitter: @brettmolina23.

This text initially appeared on USA TODAY: Elon Musk is Time Individual of the Yr: Why Tesla CEO was picked