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Time magazine named Facebook founder and CEO Mark Zuckerberg Person of the Year for 2010. Zuckerberg, 26, owns about a quarter of Facebook’s shares and is, to quote Time, “a billionaire six times over.”

After pledging earlier this year to give $100 million to the Newark, N.J., school system, Zuckerberg last week joined the Giving Pledge–the effort led by Microsoft founder Bill Gates and investor Warren Buffett to convince some of the country’s richest to give away most of their wealth. Others that have joined the campaign include New York Mayor Michael Bloomberg, media titan Barry Diller, CNN founder Ted Turner and filmmaker George Lucas.

Zuckerberg joins President Obama, Fed Reserve Chairman Ben Bernanke and “You” as those who have been named Time’s Person of the Year.

On his Facebook page, Zuckerberg on Wednesday commented that “Being named as Time Person of the Year is a real honor and recognition of how our little team is building something that hundreds of millions of people want to use to make the world more open and connected. I’m happy to be a part of that.”

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