Time magazine says U.S. President-elect Joe Biden and his vice president-elect Kamala Harris are the 2020 "Persons of the Year," Reuters reported Friday.

The announcement was made Thursday from a list of finalists that included the man Biden beat in the election - President Donald Trump. 

Also on the list were Dr. Anthony Fauci, chief of the National Institute for Allergy and Infectious Diseases, front-line health care workers and racial-justice demonstrators.

The magazine's Person of the Year is the individual "who affected the news or our lives the most - for better or worse."

Trump was Time's Person of the Year in 2016 while former President Barack Obama earned the title in 2008 and 2012.

Time has chosen its person of the year starting with the magazine's first issue Jan. 2, 1928, when it named Charles Lindbergh as Man of the Year for 1927.

Wallis Simpson was the first woman to be featured and was Woman of the Year for 1936.

Last year, Greta Thunberg, the teenage climate activist, became the youngest individual winner of the recognition.

Not all people selected have been positive for the world - including politician and Nazi Party leader Adolf Hitler in 1938.

Time chief editor and chief executive officer Edward Felsenthal credited the winners with succeeding in "an existential debate over what reality we inhabit."

Time also declared its contenders for "Entertainer of the Year" and "Athlete of the Year." It selected NBA's Los Angeles Lakers power forward LeBron James and Korea pop band BTS.