Lewis Hamilton to be knighted in New Year's Honors list

Former world champion Damon Hill said Hamilton deserved this honor.

"The knighthood will be seen as recognition of not just his driving, but also as a black driver that has bust another door open for anyone who is not white. He has destroyed the preconception that there is an area where you cannot achieve something because of the color of your skin," he said.

Reportedly, Hamilton's honor of knighthood is yet to be stamped officially.

Nevertheless, he will join tennis veteran Andy Murray, long-distance runner Mo Farah, and former captain of England cricket team Alastair Cook on the list of sports personalities, who have received the gong.

Notably, only three other F1 drivers have been knighted before- Stirling Moss, Jack Brabham and Jackie Stewart.

It is interesting to note that Hamilton was awarded an MBE after he took his first title in 2008 for McLaren.

Notably, Hamilton was the youngest world champion when he won his maiden title, a record which was later broken by Sebastian Vettel.

He has been unstoppable ever since, having won a record six titles with Mercedes after joining in 2013.

It has been learned that Hamilton's tax status has been a hurdle for him.

Although the British driver lives in Monaco, he still pays tax in a number of countries where F1 takes him including the UK.

Notably, he has a home in the UK, where his contributions put him among the top five thousand taxpayers.

Nonetheless, his tax disputes have been settled now.