Time magazine emphasises that its annual acknowledgement is not an award, but rather, 'recognition of the person who had the most influence on the events of the year, for good or for ill'. 9News
Musk, who is also the founder and CEO of space exploration company SpaceX, recently passed Amazon founder Jeff Bezos as the world's wealthiest person as the rising price of Tesla pushed his net worth to around US$300 billion .READ MORE:Time cited the breadth of Musk's endeavours, from his founding of SpaceX in 2002, to his hand in the creation of the alternative energy company SolarCity in addition to Tesla, the most valuable car company in the world.
The magazine emphasises that its annual acknowledgement is not an award, but rather, "recognition of the person who had the most influence on the events of the year, for good or for ill". The magazine also noted the sway Musk holds over an army of loyal followers on social media, where he skewers the powerful and also regulators attempting to keep in check an executive that is far from traditional.Before his 66 million followers on Twitter, he offers outlandish assistance to the world and drives even his own followers and investors mad by roiling markets.
Though it only became profitable in recent years, Tesla is far and away the world's most valuable car company, at one point this year crossing the US$1 trillion market capitalisation threshold. Detroit heavyweights Ford and General Motors are worth less than US$200 billion combined. Musk said last month that SpaceX will attempt to launch its futuristic, bullet-shaped Starship to orbit in January.
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