Elon Musk named Time Journal’s 2021 Individual of the Yr

Elon Musk named Time Journal’s 2021 Individual of the Yr

Time Journal on Monday introduced its decide for 2021 Individual of the Yr — Elon Musk, the richest particular person on this planet and the chief govt of each Tesla and SpaceX.

“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. In 2021, Musk emerged not simply because the world’s richest particular person but in addition as maybe the richest instance of a large shift in our society,” Time editor-in-chief and CEO Edward Felsenthal mentioned in a press release.

Musk — who’s value some $266 billion — has had a breakout 12 months that’s seen him add greater than $100 billion to that fortune and steal the title of world’s wealthiest particular person from rival Jeff Bezos.

When Musk handed Bezos in internet value, he mentioned he’d ship the Amazon founder a silver medal.

Past the increase in Musk’s wealth, Time mentioned it gave Musk the award as a result of 2021 noticed the ultra-billionaire make historic strides in his space-faring ambitions and noticed his affect develop past Silicon Valley into the world of popular culture.

Elon Musk speaks at SolarCityÕs Inside Energy Summit in Manhattan, New York on October 2, 2015.
Elon Musk speaks at SolarCityÕs Inside Power Summit in Manhattan, New York on October 2, 2015.
REUTERS/Rashid Umar Abbas/File Picture
A SpaceX Falcon 9 rocket launches with NASA's Imaging X-ray Polarimetry Explorer on December 9, 2021.
A SpaceX Falcon 9 rocket launches with NASA’s Imaging X-ray Polarimetry Explorer on December 9, 2021.
Joel Kowsky/NASA through AP
The SpaceX Falcon 9 rocket and Crew Dragon capsule on launch Pad 39A at NASA's Kennedy Space Center on November 9, 2021.
The SpaceX Falcon 9 rocket and Crew Dragon capsule on launch Pad 39A at NASA’s Kennedy Area Middle on November 9, 2021.
Joe Raedle/Getty Pictures

In April, SpaceX gained NASA’s unique contract to return US astronauts to the moon for the primary time since 1972, and his firm has since fended off authorized challenges for the contract from Bezos’ Blue Origin.

And in Could, the corporate’s large Starship rocket, which Musk intends to make use of to ship individuals and cargo to Mars someday, launched and efficiently landed for the primary time, a significant achievement for SpaceX, which needs to make its rockets reusable to decrease the price of area exploration.

Whereas Blue Origin and fellow billionaire Richard Branson’s Virgin Galactic have nabbed headlines for sending their billionaire house owners briefly into area, Musk’s firm one-upped its rivals by sending a billionaire and his visitors deep into orbit for days.

Elon Musk, founder and CEO of rocket company SpaceX and Tesla, was named Time's person of the year on December 13, 2021.
Elon Musk, founder and CEO of rocket firm SpaceX and Tesla, was named Time’s particular person of the 12 months on December 13, 2021.
Mark Mahaney for TIME/Handout through REUTERS

As SpaceX hit milestones, Musk roiled markets within the nascent cryptocurrency area by touting bitcoin and different, tiny cryptocurrencies like dogecoin.

In Could, Musk hosted “Saturday Night time Dwell” the place he introduced that he has Asperger’s and spoke about sending dogecoin “to the moon.” Although the looks was extra of a sell-the-news occasion for traders, who despatched the worth of dogecoin decrease after his look on the present.

To make sure, the 12 months hasn’t been with out turbulence for the outspoken CEO. Tesla has been hit by a number of lawsuits from former staff who’ve alleged racism and sexual harassment on the firm’s Fremont manufacturing unit.

Musk has additionally sworn off lots of his possessions and offered most of his mansions. He now lives in Texas — the place he’ll save billions on the Lone Star State’s lack of a private revenue tax — and he’s additionally moved Tesla’s company headquarters to the state.

Tesla
Elon Musk is the richest particular person on this planet and the chief govt of each Tesla and SpaceX.
AFP through Getty Pictures

Additionally in 2021, Musk separated from his girlfriend, Grimes, the mom of his seventh youngster, as Web page Six completely reported on the time.

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