One of the names noticeably missing from the list was former presidential candidate Hillary Clinton, who had been among the finalists previous year but ultimately lost out to President Trump.
Trump was recognized by the magazine in 2016, and German chancellor Angela Merkel was its 2015 recipient.
TIME's 2017 list of finalists reflect a wide variety of nominees that range from heads of states to a former National Football League player and a multibillionaire who changed the way people shop.
The participants of the #MeToo movement, which seeks to fight the sexual harassment and assault scandals taking place in Hollywood and beyond, were also named finalists.
Time's 2017 Person of the Year will be unveiled on Wednesday during the 7 a.m. hour of Today.
Trump tweeted last month that Time told him he was "probably" going to receive the title for a second straight year, but said he wasn't interested.
Trump also called Kaepernick's protests against police brutality and racial inequality during the national anthem "terrible", called Kim Jong Un "Little Rocket Man", and has repeatedly claimed Mueller's investigation of possible collusion with Russian Federation will be fruitless. Amazon CEO Jeff Bezos was mentioned as well. They also intensify tensions within the global community over concerns about Kim's arsenal of ballistic missiles and North Korea's nuclear weapons program.
The group of finalists was rounded out by two Asian leaders, President Xi Jinping of China and Kim Jong Un of North Korea.
The Dreamers The name applies to almost 800,000 undocumented immigrants who arrived in the United States as young children.
Time recognized Saudi Arabian Crown Prince Mohammed bin Salman's recent crackdown on businessmen and members of the royal family accused of corruption, and gave faces to the thousands of Dreamers who risk "uncertain futures" if the Trump Administration follows through on plans to end the Obama-era Deferred Action for Childhood Arrivals program. Jenkins set a major milestone in becoming the first woman to direct a film that grossed more than $100 million during its first weekend in theaters.