• Forbes Magazine named South African-born Elon Musk the 25th most influential person in the world on Wednesday.
  • The Tesla CEO previously held the 21st position.
  • Chinese president Xi Jinping was named the world’s most influential person, Russian President Vladimir Putin  second, and US-president Donald Trump third. 

Forbes Magazine named South African-born Tesla CEO Elon Musk (46) the 25th most influential person in the world on Wednesday for “revolutionizing transportation both on earth and in space.” 

Musk held the 21st position in 2016. 

The financial publication hailed Musk for bringing all-electric vehicles to the market at a cost of roughly R440,000 ($35,000) for Tesla’s Model 3

The vehicle is not available in South Africa. 

READ: A teenage Elon Musk once casually sold his father's emeralds to Tiffany & Co. while his dad was sleeping

SpaceX, Musk's rocket company, is now also valued at more than $20 billion, the publication added. 

Forbes named Chinese President Xi Jinping the world’s most influential person, Russian President Vladimir Putin the second, and US President Donald Trump third

See the full list here.

Other notable entries include Pope Francis at six, International Monetary Fund (IMF) leader Christine Lagarde at 22, Apple CEO Tim Cook at 24 and North Korea leader Kim Jong-un at 36

Musk grew up in Pretoria, South Africa before immigrating to Canada at age 17. He landed in the US as a transfer student at the University of Pennsylvania.

He co-founded Paypal in 1998 and sold the company to eBay for $1.4 billion in 2002.

In 2003, Musk helped start Tesla now worth more than $11 billion. 

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