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Mark Zuckerberg, the 26-year-old founder of Facebook, has been named TIME Magazine’s 2010 Person of the Year.

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So why Mark this year?

TIME says they chose Mark “for connecting more than half a billion people and mapping the social relations among them; for creating a new system of exchanging information; and for changing how we all live our lives.”

At 23, Mark became the world’s youngest billionaire and now Facebook has more than 500 million users.

“The craziest thing to me in all this,” he says, “is that I remember having these conversations with my friends when I was in college. We would just sort of take it as an assumption that the world would get to the state where it is now,” he explained to TIME. “But, we figured, we’re just college kids. Why were we the people who were most qualified to do that? I mean, that’s crazy!”

“I guess what it probably turns out is, other people didn’t care as much as we did.”

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Watch TIME’s video interview with Mark below!

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