Billboard Magazine has named Nicki Minaj its "Rising Star" for 2011, adding yet another neon feather to the multi-colored cap of the Young Money star, following her big night at the American Music Awards, and the many successes of her Platinum-selling debut 'Pink Friday.'

The Rising Star Award will be presented to Nicki at Billboard's sixth annual Women in Music Event on Dec., in NYC, where the 'Super Bass' rapper will be joined by Billboard Woman of the Year Taylor Swift, who has revealed herself to be a big fan.

"I am deeply honored to be recognized by Billboard," Nicki said. "My nation of barbz and I have come a mighty long way; yet we are nowhere close to where God will take us. Sit back and enjoy the ride."

Nicki is the first female MC in over a decade to top the Billboard 200, and scored Favorite Rap/Hip-Hop Artist and Favorite Soul/R&B Album trophies at the AMAs on Sunday (Nov. 20).

"Nicki Minaj has established herself as a force in hip-hop and pop music, and we're thrilled to recognize her accomplishments over the past year by honoring her as this year's Rising Star," says Bill Werde, Billboard's Editorial Director. "Her unique style and powerful sound will undoubtedly lead to a long and lustrous career, and we look forward to seeing where she goes and what she does next."

Watch Nicki Minaj's 'Super Bass'

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