Facebook founder Mark Zuckerberg named Time’s Person of the Year

Mark Zuckerberg is Time Person of the YearMark Zuckerberg, the 26-year-old CEO and co-founder of Facebook, has been named Time Magazine’s person of the year.

The Harvard dropout, who founded the world’s largest social networking site in 2004, is the second youngest person named to the cover of the magazine’s ritual annual. American aviator Charles Lindbergh received the distinction in 1927 when he was 25. Federal Reserve Chairman Ben Bernanke was last year’s winner.

Earlier this year, Zuckerberg pledged $100 million to help improve Newark, New Jersey’s public schools. The success of The Social Network, a film that tells the story on how Facebook was founded, also contributed to the media hype surrounding the company and its forebearer. The movie, besides doing well at the box office, received six Golden Globe nominations.

This year’s runners-up included WikiLeaks founder Julian Assange, the Tea Party political movement, Afghan President Hamid Karzai and the Chilean miners who survived two months deep underground.