Facebook founder named as Time’s Person of the Year

Social networking guru Mark Zuckerberg has been announced as Time magazine’s Person of the Year, sources have recently revealed.

The annual accolade has been running since the 1920s, with winners such as Hitler, Barack Obama and Stalin picking up the award and appearing on the front page of the magazine. The winner is the figure who is determined to have the most influence on culture and news each year; not always in a positive way.

The Facebook co-founder, worth approximately £4.4 billion, is currently one of the richest people in the US at only 26 years of age. A recent film release in which Zuckerberg was the subject; The Social Network, has charted a rise in Facebook usage this year, leading to his position as one of the youngest recipients of Time’s prestigious award.

Created in 2004, in collaboration with a student at Harvard University, Facebook has over 500 million users worldwide and 1,700 employees. Time managing editor Richard Stengel said Mr Zuckerberg’s social networking service was “transforming the way we live our lives every day”.

Earlier this month Zuckerberg became one of the latest billionaires to make a promise to give a large proportion of his wealth to charity.

A group founded by Bill Gates and his wife, along with Warren Buffet, encourages the wealthiest Americans to publicly pledge to donate to charity. Zuckerberg is one of 17 new people to express their support to the group.

Zuckerberg said the Time award was “a real honour and recognition of how our little team is building something that hundreds of millions of people want to use to make the world more open and connected. I’m happy to be a part of that.”