Congratulations to Donald Trump! The president-elect just been announced as the 2016 pick for the prestigious TIME Person of the Year. There’s no doubt that he’s one of the most influential people of 2016.

Donald Trump, 70, beat out the following to be named 2016’s TIME Person of the Year, just about one month after he was elected the next President of the United States:

Simone Biles

Hillary Clinton

CRISPR Scientists

Recep Tayyip Erdoğan

Nigel Farage

The Flint Whistleblowers

Beyonce

Narendra Modi

Vladimir Putin

Mark Zuckerberg

“It’s been a great honor, it means a lot, especially me growing up reading TIME magazine, it’s a great magazine,” Donald said in a phone interview with the Today Show. “I’ve been lucky to be on the cover many times this year and last year, so it’s a great honor.”

It’s not as a complicated process to select the Person of the Year as it seems. The TIME magazine staff meets starting in September, and pore over their issues from the rest of the year. Whether good or bad, they decide who had the most influence that year. The staff decides on the shortlist, and the selection is ultimately made by the magazine’s managing editor.

The Person of the Year could be anyone, or anything. TIME controversially made the Person of the Year “You” in 2006, using a mirrored cover to reflect back the reader. They decided that in the age of social media, the millions of people who contribute content online are the most influential. And in 1938, they picked Adolf Hitler…yikes. But again, it can be anyone, good or bad.

Picking the Person of the Year is a tradition that dates back to 1927. The TIME staff realized that they had never put legendary pilot Charles Lindbergh on their cover that year, despite his achievement. So they covered themselves by naming him their “Man of the Year”. The practice continued every year since.

HollywoodLifers, are you excited — or disappointed? — that Donald was named the TIME Person of the Year? Tell us in the comments!