Fergie will be given the honor on Dec. 2 at a ceremony in New York City. The only female member of the Black Eyed Peas says she's "humbled" to accept the award and called it a "great career achievement."
The honor pays tribute to a trailblazing female artist and her accomplishments. Though Fergie's only solo album was 2006's mutli-platinum "The Dutchess," she's continued to sell out venues and score hits with the Black Eyed Peas. They have a new CD, "The Beginning," out Nov. 30.
Previous Billboard "Woman of the Year" honorees were Beyonce, Ciara and Reba McEntire.