TIME magazine has announced its Person of the Year for 2021 is the business leader Elon Musk. TIME said: "Few individuals have had more influence than Musk on life on Earth, and potentially, life off Earth too." It added that Mr Musk is the world's richest person, with more than $255 billion. He is also an example of the great changes in our society. He is helping to save the world and our future. He is working to explore space and get to Mars.

This year has been amazing for Elon Musk. He went into space in his own rocket. His company SpaceX might take us to Mars. His car company Tesla has two-thirds of the electric car market. It is valued at around $1 trillion. Musk is also an engineer, inventor and pioneer in technology companies. He started the e-payments company PayPal. He has companies in robotics, solar technology and artificial intelligence. TIME called him a genius.