She's 21 and is well on her way to becoming the MOST famous and successful female performer of her time!

Taylor Swift has picked up yet another award--

Take a look at why they chose Taylor- and see if you don't agree that she's number one!

"Taylor has shown the power of good songwriting with music that has transcended genres, and we're thrilled to recognize all of her successes over the past year by honoring her with the Billboard Woman of the Year Award," says Bill Werde, Billboard's Editorial Director

What it must be like to garner all these awards at such a young age.

She is the youngest woman to receive this honor from Billboard- she'll officially be recognized at Billboard's "Women in Music" Event in New York City on December 2nd.

Taylor has been on tour for most of the year in support of her latest album - "Speak Now"-- which sold 1 million copies in its first week alone!

Since her debut in 2006- she has sold 20 million records and 40 million song downloads-- is that crazy?

Not that success has gone to her head-- she's given over $1M to charities in the last year!

Again, speaking of Taylor's success and attributes-- Billboard's Bill Werde:

At the young age of 21, Taylor has already made a major impact on music and has been an incredible role model for aspiring singers/songwriters and young women everywhere.  I look forward to watching her career continue to flourish in the years to come."

You can't say that she's not an inspiration... that's for sure!

Congratulations once again, Taylor!

Let's take a look at a video from "Fearless"- her second album. "Fearless" had 13 songs chart in Billboard's Top 100- setting a record for most top-40 entries for a single album!

What do you think---does she deserve all the accolades?