As the year draws to a close, many individuals eagerly anticipate the excitement surrounding New Year’s resolutions, renewed vigor, and the announcement of Time magazine’s highly regarded 2024 Person of the Year. This annual recognition has previously honored influential figures, including Taylor Swift, Elon Musk, and former President Barack Obama. This year, the prestigious title is awarded to a prominent political figure who has made headlines throughout the year.

According to Time magazine, Editor-in-Chief Sam Jacobs shared a compelling quote on their Instagram, stating, “For 97 years, the editors of TIME have been picking the Person of the Year: the individual who, for better or for worse, did the most to shape the world and the headlines over the past 12 months. In many years, that choice is a difficult one. In 2024, it was not.” This statement emphasizes the significance of the decision-making process behind this honor.

If you haven’t deduced the identity yet, consider this hint: 2024 was a pivotal election year, characterized by intense competition between Democratic and Republican candidates striving for America’s votes to become the 47th President of the United States. Now is the time to make your guess! To unveil who has been named Time magazine’s 2024 Person of the Year, continue reading for the reveal.

Discover the Identity of Time Magazine’s 2024 Person of the Year

The esteemed title of 2024 Person of the Year has been bestowed upon former 45th President and now president-elect Donald Trump. This recognition marks a significant milestone as it is his second time receiving this honor, the first being in 2016 after his remarkable victory over Democratic candidate Hillary Clinton in the presidential race.

Unveiling Donald Trump’s Estimated Net Worth

Donald Trump’s estimated net worth stands at an impressive $8 million. Alongside his wealth, he also receives a presidential salary of $400,000, as reported by Celebrity Net Worth. This combination of assets and income reflects his status as a prominent figure in both the business and political arenas.

Understanding the Selection Process for Time Magazine’s Person of the Year

According to Time magazine, the Person of the Year is chosen based on the criteria of “the person or persons who most affected the news and our lives, for good or ill, and embodied what was important about the year, for better or for worse.” This definition, articulated by former managing editor Walter Isaacson in 1998, underscores that the title can be awarded for both positive and negative impacts on society.

In addition to the editorial decision-making, Time magazine also engages its readers by allowing them to participate in a popularity poll. However, it’s important to note that the final decision regarding the Person of the Year is ultimately made by the magazine’s editors, transcending the results of the public poll.