Facebook Chief Executive Mark Zuckerberg has become the second-youngest person to be named Time magazine's Person of the Year

Facebook's Zuckerberg named Time's Person of the Year

The social media website founder is the second-youngest person to be so recognized by the magazine.

Facebook Chief Executive Mark Zuckerberg has become the second-youngest person to be named Time magazine's Person of the Year.

Zuckerberg announced the news Wednesday on — where else? — Facebook, the juggernaut social media website that has more than 500 million users worldwide.

"Being named as Time Person of the Year is a real honor 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," Zuckerberg said on his Facebook fan page. "I'm happy to be a part of that."

At 26 years old, Zuckerberg is the youngest person to be named Time's Person of the Year since aviator Charles Lindbergh, who was 25 when he was the magazine's Man of the Year in 1927.

Time said Zuckerberg was chosen "for connecting more than half a billion people and mapping the social relations among them; for creating a new system of exchanging information; and for changing how we all live our lives."

The magazine also noted that "The Zuck" donated $100 million to schools in Newark, N.J., this year and "weathered the potential backlash of that not-so-little movie," a reference to "The Social Network," which portrayed him as having turned friends into enemies as Facebook rose to prominence.

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December 15, 2010, 10:03 AM EST
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Dec. 15 (Bloomberg) -- Mark Zuckerberg, founder of Facebook Inc., was named Time magazine’s “Person of the Year” today for “creating a new system of exchanging information” and “changing how we all live our lives.”


Zuckerberg, 26, began the world’s largest social-networking site in 2004. The service, with more than 500 million users, has helped people connect with each other and changed definitions of privacy, Time Managing Editor Richard Stengel said in a letter on the magazine’s website.

Zuckerberg created Facebook for college students when he was a sophomore at Harvard University. After opening the site up to people outside of higher education, the company surpassed News Corp.’s MySpace as the No. 1 social network two years ago. Facebook users now post a billion pieces of content, such as photos and messages, every day, Time said.

“There is an erosion of trust in authority, a decentralizing of power and at the same time, perhaps, a greater faith in one another,” Stengel said. “More than anyone else on the world stage, Facebook’s Mark Zuckerberg is at the center of those changes.”

Zuckerberg is tied for No. 35 on the 2010 list of the 400 wealthiest Americans, according to Forbes magazine. His wealth jumped 245 percent to $6.9 billion, the largest percentage increase on its annual list, the magazine said.

Facebook, based in Palo Alto, California, lets users share information about themselves and communicate with “friends.” About 70 percent of the site’s users are outside of the U.S.

Special thanks to the source www.businessweek.com& Facebook CEO’s Private Photos Exposed by the New ‘Open’ Facebook

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