- Elon Musk was named Time’s Person of the Year in 2021 for his impact on technology and space, but his net worth has fallen significantly since then.
- Tesla’s share price has dropped by 72% in the year since Musk’s recognition by Time Magazine.
- Public opinion towards Musk has also changed, with a Twitter poll showing that over 57% of respondents wanted him to leave as CEO.
Elon Musk, who was named Time’s “Person of the Year” in 2021, has recently reflected on his vastly different circumstances a year later with a brief Twitter post saying, “12 months ago, I was Person of the Year” with no further context.
At the time of his recognition by Time Magazine, Musk was praised for his wealth, public popularity, and technological and space-related accomplishments. It also mentioned that 2021 had been a year that “brought home the extent to which, at a time of rising protest over ever deepening inequality, our lives and many of the basic structures around them are now shaped by the pursuits, products and priorities of the world’s wealthiest people”.
However, his net worth has significantly decreased in the past year, causing concern among investors in his companies, including Tesla — its value dropping by 72% since Musk’s award.
Furthermore, public sentiment towards Musk appears to be shifting, as a recent Twitter poll revealed that a healthy majority of users wanted him to step down as CEO of the giant social media platform.
Just a few scathing replies to his post about being “Person of the Year” :
“12 months ago, you were a Kirkland version of Tony Stark. Now you’re just a loser” from @EagleEyeWetzel.
“And now you are the Co-biggest loser of the year alongside Trump. Boy oh Boy how the tide has Turned. But thanks for blowing yourself in public. it seems to be the only thing you are good at these days. How is your hostile takeover of @SouthwestAir going? Don post fake mags too” from @StarMakerBolin.
“And you joined the list with Putin, Rudy Giuliani and other horrible people. Your point? On the bright side, you do hold the record for the first person to lose $200 billion! Go you!” from @geeklyamanda.
These events highlight the economic inequality present in our society, with the actions and priorities of the wealthy significantly shaping and inordinately impacting the lives of others.
Is this the fastest fall from grace of any Time Person of the Year in history or is that yet another category in which Elon has underperformed?