Mark Zuckerberg has been recognised for his contribution to social networking in the form of an Economist Innovation Award.
The man behind the phenomenally successful Facebook has been given the No Boundaries' accolade by the judges, in recognition of how his work has contributed to the success of social networking in general.
As of May this year, Facebook boasted more than 300 million active users.
"Challenging conventional thinking to solve problems in bold new ways has been an important part of Facebook's success, and I'm honored and humbled to receive this reward in recognition," Zuckerberg said in a statement.
He added: "We'll continue to build on our hacker culture to push technical boundaries and create new and elegant solutions to make the world more open and connected."
Previous winners of this award include Wikipedia's father Jimmy Wales and the chairman and founder of eBay, Pierre Omidyar.
The award will be officially presented at the Economist's eighth annual innovation summit at the end of the month.
