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President-elect Donald Trump is TIME's Person of the Year

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President-elect Donald Trump is TIME's 2016 Person of the Year.

The magazine revealed the choice Wednesday morning on TODAY.

TIME editors base the decision on who has most influenced news in the past year.

Trump tweeted moments before the announcement.

He announced he would be interviewed on TODAY.

Trump beat 10 other finalists, including former Democratic nominee Hillary Clinton.

Last year, German Chancellor Angela Merkel was the recipient. Trump was runner-up