Taylor Swift named TIME's Person of the Year

HOLLYWOOD (WKRC) — Taylor Swift was named TIME'sPerson of the Year.

According to TIME, the 33-year-old pop sensation is the first entertainer in the publication's 96-year history to receive the designation solo. It noted that in 2005, U2 lead vocalist Bono was a part of a group of philanthropists called "The Good Samaritans."

TODAYexclusively revealed the publication's decision on social media.

It comes after a year of great successes for the popstar, with her record-breaking "Eras Tour" selling out across the world and her "Eras Tour" movie becoming the most successful concert film of all time.

TIME'seditor-in-chief Sam Jacobs explained the reasoning behind the decision to name Swift Person of the Year.

“Taylor Swift found a way to transcend borders and be a source of light. No one else on the planet today can move so many people so well. Achieving this feat is something we often chalk up to the alignments of planets and fates, but giving too much credit to the stars ignores her skill and her power. Swift is the rare person who is both the writer and hero of her own story,” Jacobs said, per TIME.

Back in October, Swift became one of the few entertainers to become a billionaire based on just her music and performances, alone.