Time magazine to crown Trump as Person of the Year

The Republican US president-elect built his fortune as a New York real estate investor before turning to politics. During his first term as president, he measured his success in part by the strength of the stock market, which has so far welcomed his re-election.

Time will announce the winner on Thursday, and Trump will ring the opening bell of the New York Stock Exchange to honour the magazine's cover, Politico reported.

Politico first reported the news of Trump's selection and plans.

Time bestowed the Person of the Year title to Trump once before, in 2016. It named Democratic President Joe Biden and Vice President Kamala Harris Person of the Year in 2020, after they defeated Trump. Pop star Taylor Swift received the title last year.