Swift, 24, who shot to prominence in 2006 as a teenage
country sensation and has been able to successfully cross over
into pop music, will release her fifth album "1989" on Oct. 27.
Swift also won the award in 2011. Past winners include Beyonce,
Katy Perry and last year's honoree, Pink.
Last month, the seven-time Grammy winner scored a No. 1 hit on
the Billboard Hot 100 song chart with "Shake It Off," her most
pop-oriented song to date.
Swift has built a strong following among teens and young adults
with a mix of emotional love songs and empowering breakup songs
like "We Are Never Ever Getting Back Together" and "I Knew You
Were Trouble."
"As one of the most influential artists of her generation,
Taylor Swift has seen incredible success on the Billboard
charts," Janice Min, the co-president of the magazine's owner,
Guggenheim Media, said in a statement.
Each of Swift's studio albums have sold more than 4 million
copies in the United States to date and her last four albums
have topped both the U.S. album chart and U.S. country album
chart.
Swift is the best-selling digital music artist of all time,
according to the magazine.
She will be honored in December with the award at Billboard's
annual Women in Music event in New York.
(Reporting by Eric Kelsey; Editing by Patricia Reaney and
Marguerita Choy)
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