'Sports Illustrated' Swimsuit Cover Revealed -- Find Out Who 2016's Models Are!

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The 2016 Sports Illustrated Swimsuit Issue has finally revealed its cover girl, and the honor has gone to not one, but three women: Ronda Rousey, Ashley Graham and Hailey Clauson.

There will be three separate covers issued featuring solo shots of each girl. 

WATCH: Ronda Rousey Poses in Body Paint for Swimsuit Issue

The reveal came during a live one-hour show, hosted by Nick Cannon and Rebecca Romijn, following TNT's NBA All-Star Saturday Night.

The three finalists were all called to the front when Cannon announced that there would be three covers "for the first time ever" in the magazine's 52-year history.

"The best part is there are three different types of women [up here], representing every type of woman," said Clauson, 20. 

Rousey appeared genuinely stunned, admitting that she thought she "was in the wrong spot" when she was called up as a cover girl finalist.

Graham was equally as surprised at the win, exclaiming, "I'm shaking!"

Inside the magazine, the trio is joined by a slew of lovely ladies, including Graham's fellow SI Swim's 2016 rookies Barbara Palvin, Bojana Krsmanovic, Sofia Resing and Tanya Mitushina.

WATCH: EXCLUSIVE: SI Swimsuit Rookies React to Their Spectacular Pics

Graham has already been making waves, as she's representing Swimsuits for All alongside Philomena Kwao and Nicola Griffin.

"I'm really excited to know that Sports Illustrated is wanting to include women like us," the size 14-16 model, 28, told ET. "There is no perfect body, and we shouldn't be striving for perfection anymore."

Kwao, 26, agreed, saying, "It's incredibly empowering. It's like a new era now seeing different races, different shapes, different sizes being celebrated as beautiful."

WATCH: 5 Things to Know About 2015's SI Swimsuit Cover Model, Hannah Davis

And as for Griffin, this is the first time the 56-year-old has ever worn a bikini. "I never felt I would look good in one," she told ET. "I never felt sexy in one, but I was wrong."

Inside the mag, cover girl Rousey will not be wearing an itty bitty teeny tiny little polka dot bikini, however. The 28-year-old MMA fighter will be wearing nothing but body paint!

She shared photos from her equally body positive photo shoot in Grenada to Instagram.

PHOTOS: Hollywood's Hottest Bikini Bods!

Plus, 2016 marks Irina Shayk's 10th Swimsuit appearance, a feat that has only been matched by three models in 52 years. That decade-long tenure included a stint as cover girl in 2011, a first for a Russian model.

"I can't believe it. Just like the thought of it -- that I've been in Sports Illustrated Swimsuit Issue for 10 consecutive years -- is a dream," Shayk told ET. "They discovered me back in 2007, and here we go -- 10 years later, and I'm still here, and I'm not going anywhere."

WATCH: EXCLUSIVE: Irina Shayk Recalls Filming in Shark-Infested Waters for Swimsuit Issue

Shayk shot her latest SI photo spread in Tahiti, and she joked that she risked her life for this year's issue due to all of the underwater predators. "It was kind of dangerous because a shark could literally bite my booty and the swimsuit off," she admitted.

While you wait for the issue to officially hit stands on Monday, take a look back at last year's cover girl, Hannah Davis, in the video below.