The prestigious TIME magazine has named Elon Musk, the CEO of Tesla, as the “2021 Person of the Year. In 2021, US-based electric-vehicle startup Tesla became $1 trillion company as Musk became the world’s richest person with an estimated net worth of around US $255 billion. Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip start-up Neuralink and infrastructure firm The Boring Company.
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US President Joe Biden and Vice President Kamala Harris were named as the Person of the Year for 2020 by Time magazine.