Following two American Music Award wins, Nicki Minaj has another accolade under her hot pink belt: She's been named Billboard's 2011 'Rising Star.'

Billboard honored the Female Weezy following a whirlwind year. Her album, 'Pink Friday,' sold 1.6 million copies and was the first album by a female hip-hop artist to top the Billboard 200 chart in a decade. Her single, 'Super Bass,' hit No. 3 and inspired an adorable viral sensation. Add that to her Femme Fatale tour with Britney Spears and her cameos on singles for countless other artists and it's easy to see that Minaj more than earned her title.

Minaj will be honored at the Dec. 2 Billboard Women in Music Event along with her pal and "big bowl of ice cream" Taylor Swift -- who was named Billboard's Woman of the Year.

"I am deeply honored to be recognized by Billboard," Minaj told the mag in a statement. "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."

In addition to what's sure to be a busy awards season for the Harajuku Barbie, she's also planning her next album and a headlining tour for next year. Congrats, Nicki!