(CNN) - He's a Nobel Peace prize winner and the U.S. Commander in Chief. Now President Obama is adding another impressive title to his resume.
He was named Time magazine's "Person of the year."
Time's editor said the president was given the honor "for turning weakness into opportunity and for seeking, amid great adversity, to create a more perfect union."
One of the runners up included activist Malala Yousafzai, the Pakistani teenager who was shot in the face by the Taliban because she advocated education for girls.
This is the second time the magazine has chosen the president.
He was also honored in 2008.
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