stevie

This year's Billboard Icon Award is going to legendary singer, songwriter and producer Stevie Wonder. The honor will be presented at the 2012 Billboard Music Awards in Las Vegas, which airs live May 20 on ABC at 8 p.m. ET from the MGM Grand Arena.

Adele, Rihanna, Lil Wayne Lead 2012 Billboard Music Awards Finalists

With memberships in the Rock and Roll Hall of Fame and the Songwriters Hall of Fame, Wonder is one of the most celebrated artists in popular music history. Since bursting onto the scene in 1963 at 13 with the chart-topping hit "Fingertips (Pt. 2)," Wonder has amassed 32 No. 1 singles and released a string of iconic albums including Songs in the Key of Life, Talking Book and Music of My Mind.

Wonder follows in the footsteps of fellow legend Neil Diamond, who was given the Icon Award at the 2011 ceremony.

CeeLo Green Set To Perform at Billboard Music Awards

Hosted by Julie Bowen and Ty Burrell of the ABC hit comedy "Modern Family," the BBMAs will also have a star-studded roster of presenters this year. Brandy and Monica, Jesse Tyler Ferguson, Sara Ramirez, Wiz Khalifa and Lil Wayne join previously announced presenters Taio Cruz, Gavin DeGraw, Gladys Knight, Julianne Hough, Natasha Bedingfield and Jeremy Sisto, along with musical acts Kelly Clarkson, Linkin Park, Nelly Furtado, Usher, CeeLo Green, Carrie Underwood, Justin Bieber, LMFAO and The Wanted.

Carrie Underwood, Justin Bieber, LMFAO, The Wanted to Perform at Billboard Music Awards

Adele, LMFAO, Rihanna, Lady Gaga and Lil Wayne are the leading finalists for awards. Adele takes the lead as a finalist in 18 award categories, while LMFAO is a finalist in 17 categories. Rihanna lands in 13 categories this year, after leading the pack with 18 category appearances in 2011. Lady Gaga and Lil Wayne each snagged a spot in 10 categories. See a full list of finalists here.

Usher, Kelly Clarkson, Linkin Park, Nelly Furtado to Perform at Billboard Music Awards

Tickets for the 2012 Billboard Music Awards are now on sale at Ticketmaster.com and MGMGrand.com. The 2012 Billboard Music Awards will be co-executive produced by Richard D. Beckman, CEO of Prometheus Global Media and Don Mischer Productions.