Beyonce Knowles today was named Billboard's Woman of the Year. She will be accepting the award at Billboard's Women in Music Event on October 2nd in New York.

"Beyoncé is multi-platinum artist and a multi-talented woman who clearly embodies the qualities of excellence and achievement that the Billboard Woman Of The Year Award was created to honor," said a Billboard spokesman. "She has not only influenced pop culture with her hit songs and signature dance moves, but has inspired women everywhere with her unique style, business savvy and dedication to charitable causes."