Hamilton is the first ever grand prix driver to be honoured whilst still racing at the top level – Jack Brabham, Stirling Moss and Jackie Stewart were bestowed the honour long after their F1 careers had ended.
It follows recent examples of knighting prominent sports stars during their peak, including Andy Murray, Bradley Wiggins, Chris Hoy and Sarah Storey.
Already an MBE, Hamilton received that honour from Buckingham Palace in 2009 and revealed that the Queen told him that she had “watched very closely” the final laps of the nail-biting 2008 Brazilian Grand Prix where secured the title at the final corner.
Hamilton has previously intimated that he would utilise the title, joking as he said he would “enforce it on everybody”.