The magazine announced its pick on NBC‘s “Today” on Wednesday morning.
“It’s a great honor, it means a lot,” Trump said in a phone interview after he was named.
“Especially me growing up, reading Time magazine, it’s a very important magazine. I’ve been lucky enough to be on the cover many times this year and last year,” he said.
This is the 90th time the magazine is naming the person who had the greatest influence, for better or worse, on the events of the year.
The magazine’s cover called Trump “President-elect of the divided States of America”.
Asked if Time’s announcement was a compliment, Trump said, “When you say divided states of America, I didn’t divide ’em, they’re divided now… we’re going to put it back together.”
Last year’s Person of the Year was German Chancellor Angela Merkel and Trump was a runner-up.