Elon Musk has had a tough couple of weeks, but perhaps this will come as some consolation.
Fortune Magazine has named Musk the top businessperson of 2013 based on the revenues and stock price gains from three companies he founded — Tesla, SpaceX and SolarCity — and the “cultural impact” he has had through these and other ventures, including the much-discussed Hyperloop concept.
“The co-founder of PayPal has gone on to disrupt aeronautics with Space Exploration Technologies, known as SpaceX; shake up the auto business with Tesla Motors; and retool the energy sector with SolarCity,” Fortune notes in its writeup of Musk. “But it is his audacity and tenacity that make him Fortune’s Businessperson of the Year.”
This accomplishment comes at a tenuous time for Musk as one of those companies, Tesla, is struggling to beat back concerns following reports that several of its cars have caught fire. Tesla’s stock had approached nearly $200 a share, a more than sixfold increase for the year, but has since dropped back down to the low $120 range.
Musk isn’t the only tech exec to rank high on Fortune‘s list. The CEOs of Netflix, Amazon andGoogle all cracked the top 10. Angela Ahrendts, the current CEO of Burberry and soon-to-be retail exec at Apple, ranked fourth on the list as well.