Sir Bradley Wiggins has been knighted by the Queen at Buckingham Palace in a ceremony he described as "humbling".
Sir Bradley, who won gold at the London Olympics and became the first British winner of the Tour de France, was honoured for services to cycling.
Turner Prize-winning artist Sir Anish Kapoor was also knighted.
British-born Pakistani cricketer Wasim Khan was appointed an MBE in the ceremony as was musician Polly Harvey, who performs as PJ Harvey.
Sir Bradley, who lives in Eccleston near Chorley, Lancashire, was joined at the ceremony at Buckingham Palace by his wife and two children.
He said the title was an "incredible honour".
He said: "It was quite nerve-wracking actually. I'm still shaking now, to be honest.
"I mean, it's quite humbling being here.
"I was just talking to some of the other people getting stuff, and asking them what they've been honoured for, and they're historic things, ground-breaking sciences or whatever.
"I've won a bike race, you know, and I feel a little bit inferior to everyone, really."
The 33-year-old, known as Wiggo, was crowned BBC Sports Personality of the Year last year after winning the Tour de France and a gold medal in the time trial at London 2012.
He said: "It's just the end of the road in a sense, in that it tops off the closure of last summer as it were, even though it's more than a year ago."
He ruled out celebrating his investiture this evening because he will be training for the next Olympic Games.
Sculptor Sir Anish, who designed the ArcelorMittal Orbit tower at Queen Elizabeth Olympic Park in Stratford, London, was knighted for services to visual arts.
Cricketer Khan was the first British-born Pakistani to play professional cricket in England and played for the record-breaking 1995 Warwickshire team.
He was appointed an MBE in recognition of his involvement in running the Cricket Foundation's £50m Chance to Shine campaign.
The charity aims to boost state school participation in competitive cricket.
Musician and songwriter PJ Harvey, 44, was appointed an MBE for services to music.
Harvey was awarded the Mercury Prize in 2001 and 2011 and was recognised for an outstanding contribution to music at the 2011 NME awards.
Two soldiers were also honoured at the ceremony for their courage while serving overseas.
Major Matthew Long of the Royal Logistic Corps, received the Queen's Gallantry Medal for his work to defuse incendiary devices in Afghanistan.
The soldier waded neck-deep through an irrigation ditch and removed his protective clothing to deactivate 40kg (88lbs) of explosives during a 10-hour mission last year.
Warrant Officer class 1 Andreas Peat, of the same regiment, was also honoured for courage in the face of the enemy.
He saved Danish and British soldiers by disarming a series of devices that were inadvertently triggered during a search of an explosives factory.