Selena Gomez is named Billboard's 2017 Woman of the Year

Nov. 1 (UPI) -- Selena Gomez has been deemed the 2017 Woman of the Year by Billboard for inspiring "young women everywhere."

The singer will be presented with the award at the annual Women in Music dinner and awards gala Nov. 30 at the Ray Dolby Ballroom in Los Angeles.

Gomez joins a list of past winners that include Beyonce, Taylor Swift, Lady Gaga, Katy Perry, Pink, Fergie and last year's winner Madonna.

"Not only is Selena soaring on the charts, but she continuously inspires young women everywhere to be authentic, give back and to not be afraid to use their voice," president of The Hollywood Reporter-Billboard Media Group John Amato said in a statement.

"She is never afraid to speak her mind and has used her platform to advocate for the needs of others. We are thrilled to be able to honor her as our Woman of the Year," he continued.

Gomez tweeted "Thank you" to Billboard following the announcement.

The Women in Music event which also honors the most powerful female executives in the industry, will be hosting for the first time a red-carpet pre-show that will be broadcasted live on Twitter on Nov. 30 from 9 p.m. to midnight EST.

Recently, Gomez made headlines following reports that the pop star had split from The Weeknd after dating for almost 10 months.