Why in news?

• Elon Musk, who is also the founder and CEO space exploration company SpaceX, recently passed Amazon founder Jeff Bezos as the world’s wealthiest person.

About “Person of the Year” Elon Musk

• Calling him a “clown, genius, edgelord, visionary, industrialist, showman,” Time magazine has named Tesla CEO Elon Musk as its Person of the Year for 2021.
• Musk, who is also the founder and CEO 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 $300 billion.