Facebook founder Mark Zuckerberg named Time magazine's Person of the Year!

He has already become one of the richest and most generous men on the planet.

Now Mark Zuckerberg has gone one better and become the most influential of them all after being named TIME magazine's Person of the Year.

The 26-year-old became the second-youngest person ever to receive the award due to the impact of Facebook, the social networking website he founded.

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