Singer Taylor Swift has been named Billboard‘s Woman of the Year 2014.

Taylor Swift has become the first artist to receive the award twice.

The award goes to the female artist who “has shaped and inspired the music industry with her success, leadership and innovation” over the last year.

Previous winners include Pink, Beyonce and Katy Perry.

Taylor Swift has been named Billboard’s Woman of the Year 2014 (photo billboard.com)

Taylor Swift will receive the prize at the Billboard Women in Music award ceremony on December 12 in New York.

“As one of the most influential artists of her generation, Taylor Swift has seen incredible success on the Billboard charts,” said Janice Min, co-president and chief creative officer of Guggenheim Media’s Entertainment Group, which includes Billboard.

“Over the course of her career, she’s charted 60 entries on the Billboard Hot 100 – the most of any female artist since her debut in 2006.

“We are tremendously excited to be honoring her as the 2014 Billboard Woman of the Year for the second time.”

Taylor Swift is a seven-time Grammy winner and the best-selling digital music artist of all time.