Taylor Swift has just been named Entertainment Weekly's youngest Entertainer of the Year.

Taylor graces the cover of the magazine's 2010 Entertainers of the Year issue in a tuxedo, complete with top hat and bow tie.

"From a No. 2 single debut (''Today Was a Fairytale'') to a hit movie (Valentine's Day) to four Grammy wins to jaw-dropping first-week sales of her third record (Speak Now), there's no question that 2010 was a great year for Taylor Swift. That last record-setting stat (1,047,000 units in one week) may have some saying she's saved the music business but Swift's not paying attention to that. ''I write music about my life and love and relationships, and I hope that people like it enough to bring it into their world and make it about their life and their love and their relationships. That's where I have to draw the line as far as what I am and what I am not,'' says Swift, 20, our youngest-ever Entertainer of the Year."

Taylor Swift leads a group of 15 other named Entertainers of the Year including James Franco, Katy Perry, the "Glee" cast, and Jon Hamm.  The issue is on stands now.