Taylor Swift swept up a total of 14 nominations for the 2015 Billboard Music Awards, while British singer-songwriter and Swift's new BFF Sam Smith and Australian Iggy Azalea follow close behind with 13 and 11 nominations respectively.

On Tuesday morning, rapper Ludacris and Fall Out Boy's Pete Wentz went live on "Good Morning America" to announce the latest set of nominees for the Billboard Music Awards, which is scheduled to be held on May 17 at the MGM Grand Garden Arena in Las Vegas, Nevada and aired live over ABC at 8 p.m. Eastern Time.

Ludacris will be hosting the event along with supermodel Chrissy Teigen, who will be hosting for the first time. Wentz and Fall Out Boy will also be there to play their latest song "Uma Thurman," for which the band received permission from the actress to use her name. They will be joined by rapper Wiz Khalifa.

The 25-year-old country singer now pop sensation Swift leads the pack of the music industry's who's who with a total of 14 nominations, including Top Artist, Top Billboard 200 Album for her hugely successful album "1989," Top 100 Hot Song for her "Shake It Off," and Top Female Artist.

Coming in close behind is British Grammy Award winner Smith, best known for his single "Stay With Me," is nominated for 13 awards. Smith is contending against Swift for Top Artist and is nominated for Top New Artist, Top Billboard 200 Album for "In the Lonely Hour," and Top Billboard 200 Artist, among others.

Meanwhile, taking home nearly a dozen nominations is rapper Iggy Azalea, who is in the running for Top Female Artist against Swift, Ariana Grande, Katy Perry, and Meghan Trainor. Azalea is also nominated for Top Rap Artist, Top Rap Album for her "The New Classic," and Top Hot 100 Song for her songs "Fancy" featuring Charli XCX and "Black Widow" featuring Rita Ora.

Other artists receiving multiple nominations include Meghan Trainor with nine nominations, Pharrell Williams with six, Ariana Grande and Ed Sheeran with five each, One Direction with four, and rumored Swift archenemy Katy Perry with three, who is also battling it out with the new pop singer for the Top Artist award.

The Billboard Music Award nominees and winners are chosen based on interactions with listeners, including album and digital song sales, radio airplay, streaming, tours, and social media. Billboard, with the help of Nielsen Music and Next Big Sound tracks all interactions.

Shown is the complete list of nominees for all awards.

Artist Awards

Top Artist Ariana GrandeOne Direction

Katy Perry

Sam Smith

Taylor Swift

Top New Artist 5 Seconds of SummerIggy Azalea

Hozier

Sam Smith

Meghan Trainor

Top Male Artist DrakePharrell Williams

Ed Sheeran

Sam Smith

Justin Timberlake

Top Female Artist Iggy AzaleaAriana Grande

Katy Perry

Taylor Swift

Meghan Trainor

Top Duo/Group 5 Seconds of SummerFlorida Georgia Line

MAGIC!

Maroon 5

One Direction

Top Billboard 200 Artist One DirectionPentatonix

Ed Sheeran

Sam Smith

Taylor Swift

Top Hot 100 Artist Iggy AzaleaAriana Grande

Sam Smith

Taylor Swift

Meghan Trainor

Top Digital Songs Artist Iggy AzaleaEd Sheeran

Sam Smith

Taylor Swift

Meghan Trainor

Top Radio Songs Artist John LegendMaroon 5

Ed Sheeran

Sam Smith

Taylor Swift

Top Touring Artist Lady GagaOne Direction

Katy Perry

The Rolling Stones

Justin Timberlake

Top Social Artist Justin BieberMiley Cyrus

Selena Gomez

Ariana Grande

Taylor Swift

Top Streaming Artist Iggy AzaleaAriana Grande

Nicki Minaj

Taylor Swift

Meghan Trainor

Top R&B Artist BeyoncéChris Brown

John Legend

Trey Songz

Pharrell Williams

Top Rap Artist Iggy AzaleaJ. Cole

Drake

Nicki Minaj

Rae Sremmurd

Top Country Artist Jason AldeanLuke Bryan

Florida Georgia Line

Brantley Gilbert

Blake Shelton

Top Rock Artist BastilleColdplay

Fall Out Boy

Hozier

Lorde

Top Latin Artist J BalvinJuan Gabriel

Enrique Iglesias

Prince Royce

Romeo Santos

Top Dance/Electronic Artist AviciiClean Bandit

Disclosure

Calvin Harris

Lindsey Stirling

Top Christian Artist Casting CrownsHillsong United

Lecrae

MercyMe

Newsboys

Album Awards

Top Billboard 200 Album Maroon 5 "V"Pentatonix "That's Christmas to Me"

Ed Sheeran "x"

Sam Smith "In the Lonely Hour"

Taylor Swift 1989

Top Soundtrack "The Fault in Our Stars""Fifty Shades of Grey"

"Frozen"

"Guardians of the Galaxy: Awesome Mix: Vol. 1"

"Into the Woods"

Top R&B Album Beyoncé "Beyoncé"Chris Brown "X"

Michael Jackson "Xscape"

John Legend "Love in the Future"

Pharrell Williams "G I R L"

Top Rap Album J. Cole "2014 Forest Hills Drive"Drake "If You're Reading This It's Too Late"

Nicki Minaj "The Pinkprint"

Iggy Azalea "The New Classic"

Eminem "The Marshall Mathers LP 2"

Top Country Album Jason Aldean "Old Boots, New Dirt"Garth Brooks "Man Against Machine"

Luke Bryan "Crash My Party"

Brantley Gilbert "Just As I Am"

Miranda Lambert "Platinum"

Top Rock Album AC/DC "Rock or Bust"The Black Keys "Turn Blue"

Coldplay "Ghost Stories"

Hozier "Hozier"

Lorde "Pure Heroine"

Top Latin Album Juan Gabriel "Los Dúo"Enrique Iglesias "Sex and Love"

Romeo Santos "Formula: Vol. 2"

Santana "Corazon"

Marc Anthony "3.0"

Top Dance/Electronic Album Avicii "True"Disclosure "Selfie"

Calvin Harris "Motion"

Skrillex "Recess"

Lindsey Stirling "Shatter Me"

Top Christian Album Lecrae "Anomaly"
Casting Crowns "Thrive"
MercyMe "Welcome to the New"
NEEDTOBREATHE "Rivers in the Wasteland"
Chris Tomlin "Love Ran Red"

Song Awards

Top Hot 100 Song Iggy Azalea Feat. Charli XCX "Fancy"
John Legend "All of Me"
Sam Smith "Stay With Me"
Taylor Swift "Shake It Off"
Meghan Trainor "All About That Bass"
Top Digital Song Mark Ronson Featuring Bruno Mars "Uptown Funk!"
Sam Smith "Stay With Me"
Taylor Swift "Shake It Off"
Meghan Trainor "All About That Bass"
Pharrell Williams "Happy"
Top Radio Song John Legend "All of Me"
MAGIC! "Rude"
Nico & Vinz "Am I Wrong"
Sam Smith "Stay With Me"
Pharrell Williams "Happy"
Top Streaming Song (Audio) Iggy Azalea Feat. Charli XCX "Fancy"
Hozier "Take Me to Church"
John Legend "All of Me"
Sam Smith "Stay With Me"
Tove Lo "Habits (Stay High)"
Top Streaming Song (Video) Idina Menzel "Let It Go"
Bobby Shmurda "Hot Boy"
Taylor Swift "Blank Space"
Taylor Swift "Shake It Off"
Meghan Trainor "All About That Bass"
Top R&B Song Chris Brown Featuring Lil Wayne, French Montana, Too $hort & Tyga "Loyal"
Jason Derulo Feat. 2 Chainz "Talk Dirty"
Jeremih Featuring YG "Don't Tell 'Em"
John Legend "All of Me"
Pharrell Williams "Happy"
Top Rap Song Iggy Azalea Feat. Charli XCX "Fancy"
Iggy Azalea Feat. Rita Ora "Black Widow"
Big Sean Featuring E-40 "I Don't F**k With You"
Nicki Minaj "Anaconda"
Bobby Shmurda "Hot Boy"
Top Country Song Jason Aldean "Burnin' It Down"
Luke Bryan "Play It Again"
Sam Hunt "Leave the Night On"
Florida Georgia Line Featuring Luke Bryan "This Is How We Roll"
Florida Georgia Line "Dirt"
Top Rock Song Bastille "Pompeii"
Coldplay "A Sky Full of Stars"
Fall Out Boy "Centuries"
Hozier "Take Me to Church"
Paramore "Ain't It Fun"
Top Latin Song J Balvin Featuring Farruko "6 AM"
Enrique Iglesias Featuring Descemer Bueno & Gente de Zona "Bailando"
Romeo Santos "Eres Mía"
Romeo Santos Featuring Drake "Odio"
Romeo Santos "Propuesta Indecente"
Top Dance/Electronic Song Clean Bandit Featuring Jess Glynne "Rather Be"
Disclosure Featuring Sam Smith "Latch"
DJ Snake & Lil Jon "Turn Down For What"
Ariana Grande Featuring Zedd "Break Free"
Calvin Harris "Summer"
Top Christian Song Francesca Battistelli "He Knows My Name"
Hillsong United "Oceans (Where Feet May Fail)"
MercyMe "Greater"
Newsboys "We Believe"
Carrie Underwood "Something In The Water"

Fan-Voted Award

Billboard Chart Achievement Award presented by Samsung Iggy Azalea
Taylor Swift
Meghan Trainor

Photo: Eva Rinaldi | Flickr

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