According to Billboard, Madonna is the 10th act to have achieved this distinction and the other nine are all solo male artists or groups comprising men.
Last month, Madonna shared a set of pictures on social media about a brave new world.
The 31-year-old has been putting her efforts into her beauty, lingerie and clothing ranges. She launched Fenty Beauty in September 2017 and it's estimated it racked up sales of $100 million in its first few weeks.
Cabello was contending with rapper Drake and singer Childish Gambino.
The "Material Girl" star has carved her way into becoming an icon of pop culture with continuously reinventing her music as well as her style.