Person of the Year (called Man of the Year until 1999) is an annual issue of the United States news magazine Time that features and profiles a person, a group, an idea, or an object that "for better or for worse... has done the most to influence the events of the year".

Despite the magazine's frequent statements to the contrary, the designation is often regarded as an honor, and spoken of as an award or prize, simply based on many previous selections of admirable people. However, Time magazine points out that controversial figures such as Adolf Hitler (1938), Joseph Stalin (1939 and 1942), Nikita Khrushchev (1957), and Ayatollah Khomeini (1979) have also been granted the title for their impacts.

As a result of the public backlash it received from the United States for naming Khomeini as Man of the Year in 1979, Time has since shied away from using figures who are controversial in the United States for commercial reasons, fearing reductions in sales or advertising revenue

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