Every year, Time editors select the person — or idea — who has most influenced the news and the world.
Past recipients include President Barack Obama, President George W. Bush, Pope Francis, Pope John Paul II and Martin Luther King, Jr.
"To be on the cover of Time as Person of the Year is a tremendous honor," Trump told Matt Lauer after the reveal.
Trump did take issue with the fact that Time referred to him as "President of the Divided States of America."
"I think putting 'divided' is snarky," Trump said. "I didn’t do anything to divide."
Trump won the honor over ten other finalists, including Hillary Clinton, Vladimir Putin, Mark Zuckerberg and Beyoncé.
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