Madonna has been named Billboard’s annual ‘Woman of the Year’ for 2016.

The pop icon will be presented the award at the 11th annual Billboard Women In Music event on December 9  in New York City, with the event being broadcast on Lifetime three days later.

Madonna Madonna is Billboard’s 2016 ‘Woman of the Year’

“Madonna is one of a minuscule number of super-artists whose influence and career transcend music,” said Janice Min, president and chief creative officer of The Hollywood Reporter-Billboard Media Group in a statement.

“With her creative vision, relentless innovation, and dedication to philanthropic causes, she is an inspiration to hundreds of millions of people around the world, all while shattering every career record out there."

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“She is an important feminist on top of that, a one-of-a-kind artist who’s used her influence to change the conversation around women, sexuality and equal rights,” she added.

The 58-year-old has spent much of the year on the road with her Rebel Heart Tour, which sold more than one million tickets and grossed $170 million.

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Billboard reports that Madonna is now highest grossing solo touring artist in Billboard Boxscore history having made a massive $1.31 billion in total concert grosses.

Madonna is also the best-selling female artist of all time, having earned eight number one albums and 21 top 10 albums on the Billboard 200 chart. She also holds the record for the most top 10 hits on the Billboard Hot 100 chart with 38.