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Congrats are in order for Taylor Swift, who has been named the 2014 Billboard Woman of the Year – the first artist to ever receive the honor twice according to Billboard magazine.

“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 consists of Billboard and The Hollywood Reporter. “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.”

The honor is awarded to the female artist who “has shaped and inspired the music industry with her success, leadership and innovation over the past twelve months.”

Taylor Swift is a seven-time Grammy winner, and is the best-selling digital music artist of all time. She’s also the only female artist in music history (and just the fourth artist ever) to twice have an album hit the 1 million first-week sales figure (2010’s Speak Now and 2012’s Red). Swift made her latest chart headlines when her newest single, “Shake It Off,” became her second Billboard Hot 100 No. 1, following “We Are Never Ever Getting Back Together.”

Swift will be honored at the 9th annual Billboard Women in Music Awards on Dec. 12 in New York City.