Billboard Names Katy Perry 2012 Woman of the Year

Her personal life may be the stuff tabloid fodder is made of, but Katy Perry’s still riding the wave of professional success: The chestacular star has been named Billboard magazine’s 2012 Woman of the Year.

Billboard’s annual Women in Music event celebrates the most powerful and talented women in the music business, coinciding with the publication of the mag’s Women in Music Power Players list. Perry succeeds previous Woman of the Year recipients like Reba McEntire, Beyonce, Fergie and 2011 honoree Taylor Swift — who at 21 became the youngest artist to ever receive the honor.

This year’s luncheon will take place Nov. 30 in New York City, where Katy will accept her award.

Bill Werde, Billboard’s Editorial Director, says Perry’s the perfect pick:

“Katy Perry broke into the industry not even five years ago and has already accomplished more than most artists can hope for in an entire career. We are thrilled to celebrate these incredible achievements and her amazing past 12 months by presenting her with the Billboard Woman of the Year Award. With what seems like a never-ending supply of record-breaking, chart-topping hits, coupled with her unique and fresh style, Katy Perry is hands-down one of the most exciting and inspiring artists in the industry today.”

Meanwhile, Perry s falling “totally in love” with on-again/off-again flame John Mayer. Tattling tipsters say the singer is worrying her friends and family by growing increasingly close to the notorious ladies man.

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