Time Person of the Year does sound like a prize, and I'd guess most people do think of it as a honour, but it's explicitly not that. The "Person of the Year" is

Time Person of the Year does sound like a prize, and I'd guess most people do think of it as a honour, but it's explicitly not that. The "Person of the Year" is some person, group, idea, or thing that Time Magazine decides "for better or for worse... has done the most to influence the events of the year" (https://en.wikipedia.org/wiki/Time_Person_of_the_Year https://en.wikipedia.org/wiki/Time_Person_of_the_Year)