Bradley Wiggins has been knighted in the New Year Honours list.
'Sir Wiggo' is on a special list of 78 Olympians and Paralympians to be honoured by the Queen.
Paralympic cyclist Sarah Storey, has become a dame, and sailor Ben Ainslie has also been knighted.
A government spokesman said more sportsmen and women had received honours this year than ever before, with 123 awards compared to 44 in the last list.
Bradley Wiggins said: "I never ever imagined that I would ever become a knight so it's an incredible honour.
"But there's a slight element of disbelief and it will take a while to sink in."
Sarah Storey, who won four Paralympic gold medals in cycling, said she was "speechless but incredibly honoured and extremely proud."
Some of the biggest names of London 2012 received CBEs - including Olympic heptathlete Jessica Ennis, long-distance runner Mo Farah, the UK's most successful female rower Katherine Grainger and wheelchair athlete David "The Weirwolf" Weir.
Andy Murray was made an OBE in a year which saw him win Olympic gold and become the first British man to win a grand slam tennis singles title for 76 years when he triumphed in the US Open.
The UK honours system
Twice a year, the Queen honours people who have made an outstanding contribution to society. They can receive a special title like MBE, or are knighted and become a Sir or Dame.
Anyone can recommend someone to be honoured but nominations are finally decided by the government.