Gaga helped set a record, producing 16 covers for that issue, which included one of the 29-year-old singer posing naked with her fiancé, Taylor Kinney, and another of the couple's pug, Asia Kinney.
"We are absolutely thrilled to honor Lady Gaga with this award," The Daily's Editor-in-Chief, Brandusa Niro, said in a statement earlier this week. "She is an enormous talent and one of the most complex and astonishing artists of our time. We celebrate her tremendous contributions to music, fashion, film, and culture, all reflected in the way she conceptualized her issue of V Magazine, and these breathtaking covers."
Nicole Richie hosted the award show, which took place at Sunset Tower in Los Angeles and was sponsored by Maybelline New York, Morrocanoil, Revolve and Cadillac. Other honorees included Eva Chow earning the Fashion Innovator award, and Bella Hadid following in her big sister, Gigi Hadid’s, footsteps with Model of the Year.
As for Gigi, she was among the presenters, as were Alber Elbaz and Kate Hudson.
Gaga took to Instagram during the ceremony to share a close-up pic of her colorful Yves Saint Laurent dress, and gave the luxury fashion house a shout-out in the caption.
This isn't the first major award Gaga's won this year. In January the singer and actress took home a Golden Globe for her role in American Horror Story, which she called "one of the greatest moments of my life" during her tearful acceptance speech. Check out the video below to see more.