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People magazine has just announced Oscar winner Lupita Nyong'o as its most beautiful person -- and we love it!

Winning both critical acclaim and a slew of awards, including the Academy Award for her performance in 12 Years a Salve, the Mexican-born Kenyan has gone on quite the ride in 2014. People's nod is just some icing on the cake.

Lupita said she never dreamed she'd be the one to be People's 25th anniversary issue. "It was exciting and just a major, major compliment," the 31-year-old star said. "And especially, I was happy for all the girls who would see me on [it] and feel a little more seen."

When it comes to beauty, Lupita says, "Happiness is the most important thing." So true!

Editorial director Jess Cagle explained on the Today show the mag's reasoning behind the choice, "She is fantastic. Obviously, she is the Oscar winner for 12 Years a Slave, raised in Kenya. She is the new celebrity ambassador for Lancome Paris, along with Julia Roberts and Penelope Cruz. She's kind of all the rage."