Madonna is Billboard's 2016 Woman of the Year

When the 11th annual Billboard Women In Music event hits New York City this winter, royalty will be present.

Following a year where she extended her record as the highest-grossing female touring artist of all time, Madonna will receive Billboard's 2016 Woman of the Year award.

"Madonna is one of a miniscule 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. "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. 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."

From her Prince tribute alongside Stevie Wonder at the 2016 Billboard Music Awards to her political Met Gala appearance to her indelible commentary on the 2016 election, Madonna has remained a constant force in pop culture and source of cultural conversation over the past year.

The seven-time Grammy winner will receive the honor at the 11th annual Women in Music event, held Dec. 9 in New York City and airing nationally on Lifetime on Dec.12. The star-studded event is held in conjunction with the publication of Billboard's Women in Music list, which identifies the 50 most powerful female executives in the industry each year.

Check out more from Madonna in the gallery below.

More on AOL Entertainment:
Kate Hudson frosts herself with diamonds at Tiffany event with Jennifer Garner, Reese Witherspoon, more: See the glam pics!
Meredith Vieira says Donald Trump's leaked conversation with Billy Bush 'wasn't surprising'
Nancy O'Dell separates from husband of more than 10 years