Tearful Lewis won the seventh title in Turkey last weekend — and was immediately congratulated by the Queen via the Royal Family’s Twitter account.
The 35-year-old racer, worth an estimated £250million and resident in tax haven Monaco, will be given his gong in the New Year after his finances got the green light from the Government’s Honours Committee.
Despite his Monaco base, he is one of the top 5,000 tax-payers in the UK.
Lewis Hamilton took advantage of rules — totally legally — to save £3.3million tax by registering a £16.5million private jet on the Isle of Man.
He is the latest young sports hero to be knighted recently — following Olympic gold medallist Mo Farah, tennis ace Andy Murray and ex-England cricket captain Alastair Cook.