Elon Musk is a man of the year according to Time magazine

Elon Musk was named Man of the Year by Time magazine as he became the first billionaire in history, whose fortune exceeded $ 300 billion.

Time noted that Musk “has no home and is selling his fortune”, that he “launches satellites into orbit and tames the Sun”, that he “drives a car that he has made himself and which does not need fuel and hardly needs a driver”, and also that he "makes the markets fly up or faint" with a flick of his finger.

Elon Musk ranks first in the list of the richest businessmen on the planet, according to the Forbes Real-Time rating, which is updated in real time depending on quotes. Musk was worth $ 265.4 billion at the close of trading on December 12, nearly $ 70 billion more than Amazon's second-largest founder Jeff Bezos. In early November, Musk became the first person in history to have a fortune of $ 300 billion.

Elon Musk is the leader in terms of wealth growth in money over the past year. Since the beginning of the year, his fortune has grown by $ 110 billion - the same as in 2020, wrote the American Forbes. According to his calculations, the shares of the electric car manufacturer Tesla have risen in price by more than 40% over the year, and its capitalization has exceeded $ 1 trillion for the first time. The estimated value of Musk's other venture, his space company SpaceX, surpassed $ 100 billion in October, CNBC wrote.