Time friends Facebook’s Zuckerberg with Person of the Year

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

The choice of Zuckerberg to grace the cover of Time’s year-end issue was announced Wednesday.

In its introduction the magazine said that Zuckerberg, who is Jewish, was recognized “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.”

A college dropout, Zuckerberg created Facebook in 2004. He is estimated to be worth about $6.9 billion.