Shakira has been named Billboard's inaugural "Latin Woman of the Year"

Shakira has been named Billboard's first Mujeres Latinas en la Música "Latin Woman of the Year," the magazine announced Monday. The Colombian superstar singer will accept the award at the "Mujeres Latinas en la Música" — or "Latin Women in Music" — celebration that will air exclusively on Spanish-language TV channel Telemundo on May 7.

"Shakira is the ultimate Woman in Music. Thanks to her, Latin women all over the world have been empowered to write and perform deeply personal music," said Leila Cobo, Billboard's chief content officer for Latin/Español.

Her song "Sessions" currently holds the record for most-streamed Latin track in 24 hours in Spotify history, and the record for the most-viewed Latin track on YouTube in 24 hours with over 63 million views. It broke 14 Guinness World Records, according to the magazine. The superstar has sold more than 95 million records globally, making her one of the best-selling musicians of all time.