Donald Trump announced as TIME Magazine's 2016 Person of the Year

WASHINGTON (KTRK) -- Donald Trump is Time magazine's Person of the Year.

The president-elect's selection was announced Wednesday morning on NBC's "Today" show.

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The Manhattan real estate magnate went from fiery underdog to win the White House over Democrat Hillary Clinton.

Trump won the Electoral College vote, while Clinton won the popular vote.

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Time's managing editor Nancy Gibbs said Clinton was the No. 2 finalist.
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