TIME Magazine Announces 2012 "Person of the Year" Nominees

Posted Tuesday November 27, 2012 5:35 PM GMT

Individuals from all walks of life are among the nominees for Time's 2012 "Person of the Year."

On Tuesday, the magazine announced the 38 people in the running for the annual honor. The winner will grace the cover of Time and join past winners such as last year's "The Protester," Mark Zuckerberg, Ben Bernanke, Barack Obama, Vladimir Putin, and, of course, 2006's "You."

According to Time, each year, the title is given to a person or persons for most affecting the news and our lives, for good or ill, and embodying what is important about the year.

This year's nominees include Jay-Z, Psy, E L James, Stephen Colbert and Jon Stewart, Olympic gold medalists Gabby Douglas and Michael Phelps, Yahoo! CEO Marissa Mayer, Barack Obama, Hillary Clinton, Bill Clinton, Mitt Romney and Paul Ryan, along with Malala Yousafzai, the 15-year-old Pakistani girl who was shot by the Taliban for advocating women’s education.

Photo Credit: Getty Images