Designer Ralph Lauren receives honorary UK knighthood from Queen Elizabeth

Ralph Lauren might be one of the most iconic American designers, but that doesn't stop his sartorial influences from extending far beyond the United States.

The legendary creative, who's valued at almost $7 billion since starting the Ralph Lauren Corporation 50 years ago, is set to become the first American fashion designer to receive a knighthood by the queen. The exciting announcement was made by the British Consulate General on Wednesday morning. 

"I warmly congratulate Ralph Lauren on this award that recognizes these efforts and achievements over the past 50 years," explained Anthony Phillipson, Her Majesty's Trade Commissioner for North America, in the announcement. "In his storied career in fashion, business, and philanthropy, Mr. Lauren has played a key role in forging transatlantic cultural and economic connections."

RELATED: See the designer with the royals 

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Ralph Lauren with the royals
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Ralph Lauren with the royals
US Fashion designer Ralph Lauren (L) and Britain's Princess Diana arrive for ceremonies at the White House on September 24, 1996. Ralph Lauren was honored for his humanitarian efforts by Georgestown University's Nina Hyde Center for Breast Cancer Research. The awrd was to be presented by Princess Diana. / AFP PHOTO / Jamal A. WILSON (Photo credit should read JAMAL A. WILSON/AFP/Getty Images)
LONDON, ENGLAND - MAY 17: Prince William, Duke of Cambridge (centre) with Head of Research Centre Professor Mitch Dowsett (left) and Ralph Lauren (right) during a visit to the Royal Marsden NHS Foundation Trust, in Chelsea, west London, as he marks the opening of the hospital's new centre for breast cancer research named after the fashion designer Ralph Lauren on May 17, 2016 in London, England. The Ralph Lauren Centre for Breast Cancer Research was funded by supporters of the Royal Marsden Cancer Charity, including a generous donation from the designer himself. William has a long association with the hospital, he became the Royal Marsden's president in 2007, following in the footsteps of his mother Diana, Princess of Wales, who held the same position from 1989 until her death in 1997. (Photo by Dominic Lipinski-WPA Pool/Getty Images)
LONDON, ENGLAND - MAY 17: Prince William, Duke of Cambridge (L) and Ralph Lauren unveil a plaque during a visit to the Royal Marsden NHS Foundation Trust, in Chelsea, west London, as they mark the opening of the hospital's new centre for breast cancer research named after the fashion designer on May 17, 2016 in London, England. The Ralph Lauren Centre for Breast Cancer Research was funded by supporters of the Royal Marsden Cancer Charity, including a generous donation from the designer himself. William has a long association with the hospital, he became the Royal Marsden's president in 2007, following in the footsteps of his mother Diana, Princess of Wales, who held the same position from 1989 until her death in 1997. (Photo by Dominic Lipinski-WPA Pool/Getty Images)
The Princess Of Wales Visits Washington.Gala Charity Dinner, With Ralph Lauren. (Photo by Julian Parker/UK Press via Getty Images)
Diana Princess of Wales presents designer Ralph Lauren with his Humanitairian award at the gala charity dinner in Washington this eveninng (Tuesday). The dinner was held to raise money for breast cancer research. Photo by john Stillwell/PA. (Photo by John Stillwell - PA Images/PA Images via Getty Images)
First lady Hillary Rodham Clinton, second from left, hosts, from left, designer Ralph Lauren, Katharine Graham, chairman of the board, The Washington Post Company, and Princess Diana during a breakfast at the White House Tuesday, Sept. 24, 1996 in recognition of the Nina Hyde Center for Breast Cancer Research. (AP Photo/Wilfredo Lee)
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He continued: "As creator and visionary of the Ralph Lauren brand worldwide, Mr. Lauren has been a vanguard for the global fashion industry and American style for nearly half a century. In addition, monumental philanthropic efforts, especially in the realm of public health, cancer research and treatment in both the US and the UK, have led to benefits felt by citizens around the world.”

Ralph Lauren with Princess Diana at a White House dinner, 1996. (Getty) 

Lauren, 79, has a long relationship with the monarchy and is behind some of their most iconic looks, including Princess Diana's white halter gown, seen above. The designer has also dressed Duchess Kate and Duchess Meghan for a number of engagements. 

Queen Elizabeth will present the esteemed designer with the Honorary Knight Commander of the Most Excellent Order of the British Empire (KBE) in a ceremony next year.

See more of the designer throughout his career:

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Ralph Lauren through his life
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Ralph Lauren through his life
circa 1970: Portrait of American fashion designer Ralph Lauren, wearing a checkered vest and striped shirt, smiling and snapping his fingers. (Photo by Jack Robinson/Hulton Archive/Getty Images)
American fashion designer Ralph Lauren smiles outdoors with his wife Ricky, 1970s. (Photo by Susan Wood/Getty Images)
As their chauffeur holds the door open, American fashion designer Ralph Lauren (right) and his wife, therapist Ricky Lauren, smile as they get out of a limosine, New York, November 1977. The pair were on their way to a charity event held at the Guggenheim Museum. (Photo by Susan Wood/Getty Images)
American fashion designer Ralph Lauren (right) and his wife, therapist Ricky Lauren, smile in the backseat of a limosine, New York, November 1977. The pair were on their way to a charity event held at the Guggenheim Museum. (Photo by Susan Wood/Getty Images)
American fashion designer Ralph Lauren on the catwalk after his fashion show, USA, circa 1995. (Photo by Rose Hartman/Archive Photos/Getty Images)
Ricky Lauren and Ralph Lauren during 1987 Council of Fashion Designers of America Awards at Metropolitan Museum of Art in New York City, New York, United States. (Photo by Ron Galella, Ltd./WireImage)
UNITED STATES - JUNE 14: Fashion designer Ralph Lauren arriving at the Sony Lincoln Square Theater for the premiere of 'Batman.' (Photo by Richard Corkery/NY Daily News Archive via Getty Images)
NEW YORK, UNITED STATES: Fashion designer Ralph Lauren receives applause from models and guests after the showing of his Fall 1997 Collection 09 April in New York. Over 50 designers are showing their latest fall fashions through 11 April in New York. AFP PHOTO Jon LEVY (Photo credit should read JON LEVY/AFP/Getty Images)
NEW YORK, UNITED STATES: Designer Ralph Lauren waves to those attending his Fall 2004 fashion show in New York 13 February, 2004. AFP PHOTO/Don EMMERT (Photo credit should read DON EMMERT/AFP/Getty Images)
NEW YORK, UNITED STATES: Designer Ralph Lauren (C) receives applause from models after his fashion show 04 November in New York. The show is part of the Fashion Week Spring 1999 Women's Collection. AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP/Getty Images)
MILAN, ITALY - SEPTEMBER 23: Ralph Lauren and his wife Ricky attend the opening of the new Milan Ralph Lauren store at Via Montenapoleone on Septmber 23, 2004 in Milan, Italy. (Photo by Giuseppe Cacace/Getty Images)
NEW YORK - SEPTEMBER 15: Designer Ralph Lauren walks down the runway at the Ralph Lauren Couture Spring 2005 fashion show during the Olympus Fashion Week Spring 2005 September 15, 2004 in New York City. (Photo by Mark Mainz/Getty Images)
Ralph Lauren, designer with Ricky Lauren during Olympus Fashion Week Spring 2006 - Ralph Lauren - Runway at The Annex in New York City, New York, United States. (Photo by Randy Brooke/WireImage)
New York, UNITED STATES: Designer Ralph Lauren waves after his men's wear Fall 2006 Fashion show 06 February 2006 in New York. It was the first time in 30 years that Lauren had shown men's clothing in the New York shows. AFP PHOTO/Stan HONDA (Photo credit should read STAN HONDA/AFP/Getty Images)
NEW YORK - FEBRUARY 10: Designer Ralph Lauren walks the runway at the Ralph Lauren Fall 2006 fashion show at Skylight Studios during Olympus Fashion Week on February 10, 2006 in New York City. (Photo by Scott Gries/Getty Images)
Ralph Lauren, designer during Mercedes-Benz Fashion Week Fall 2007 - Ralph Lauren - Runway at Skylight Studios in New York City, New York, United States. (Photo by Randy Brooke/WireImage)
NEW YORK - JUNE 4: Designer Ralph Lauren and Television talk show host Oprah Winfrey pose inside during the 25th Anniversary of the Annual CFDA Fashion Awards held at the New York Public Library June 4, 2007 in New York City. (Photo by Evan Agostini/Getty Images for CFDA)
Designer Ralph Lauren waves at the conclusion of his Fall 2008 women's fashion show during Fashion Week in New York on February 8, 2008. AFP PHOTO/ Nicholas ROBERTS (Photo credit should read NICHOLAS ROBERTS/AFP/Getty Images)
NEW YORK - SEPTEMBER 12: Designer Ralph Lauren on the runway at the Ralph Lauren Spring 2009 fashion show during Mercedes-Benz Fashion Week at Skylight Studio on September 12, 2008 in New York City. (Photo by Fernada Calfat/Getty Images for IMG)
NEW YORK - FEBRUARY 20: Designer Ralph Lauren on the runway at the Ralph Lauren Fall 2009 fashion show during Mercedes-Benz Fashion Week at Skylight Studio on February 20, 2009 in New York City. (Photo by Fernanda Calfat/Getty Images for IMG)
NEW YORK - JUNE 2: Fashion designer Ralph Lauren (L) and wife Ricky Lauren attend the Gordon Parks Foundation's Celebrating Fashion Awards Gala at Gotham Hall June 2, 2009 in New York City. (Photo by Mike Coppola/Getty Images)
NEW YORK - SEPTEMBER 17: Designer Ralph Lauren walks the runway the at Ralph Lauren Spring 2010 fashion show at Skylight on September 17, 2009 in New York City. (Photo by Fernanda Calfat/Getty Images for IMG)
French President Nicolas Sarkozy (L) offers a bouquet of roses to Ricky (R), wife of US fashion designer Ralph Lauren (C) after a ceremony where Ralph Lauren was awarded Knight in order of honor by French President Nicolas Sarkozy, during a ceremony at the Elysee Palace in Paris on April 15, 2010. AFP PHOTO POOL FRANCOIS MORI (Photo credit should read FRANCOIS MORI/AFP/Getty Images)
Designer Ralph Lauren (R) greets a guest at the Ralph Lauren Fall 2011 fashion show during Mercedes-Benz Fashion Week at Skylight Studio on February 17, 2011 in New York City. (Photo by Gilbert Carrasquillo/FilmMagic)
NEW YORK, NY - FEBRUARY 16: Designer Ralph Lauren and Ricky Lauren walk the runway at the Ralph Lauren Fall 2012 fashion show during Mercedes-Benz Fashion Week at Skylight Soho on February 16, 2012 in New York City. (Photo by Frazer Harrison/Getty Images for Mercedes-Benz Fashion Week)
NEW YORK, NY - JUNE 03: Designers Vera Wang (L) and Ralph Lauren on stage 2013 CFDA FASHION AWARDS Underwritten By Swarovski - Show at Lincoln Center on June 3, 2013 in New York City. (Photo by Bryan Bedder/Getty Images for Swarovski)
NEW YORK, NY - JUNE 03: Designer Ralph Lauren attends 2013 CFDA Fashion Awards at Alice Tully Hall on June 3, 2013 in New York City. (Photo by Kevin Mazur/WireImage)
NEW YORK, NY - MAY 05: Designers Calvin Klein (L) and Ralph Lauren attend the Anna Wintour Costume Center Grand Opening at Metropolitan Museum of Art on May 5, 2014 in New York City. (Photo by Paul Zimmerman/WireImage)
NEW YORK, NY - SEPTEMBER 03: Designer Ralph Lauren attends the 2014 Couture Council Award Luncheon Benefit for the Museum at FIT honoring Carolina Herrera at the David H. Koch Theater at Lincoln Center on September 3, 2014 in New York City. (Photo by Neilson Barnard/Getty Images for FIT Foundation)
NEW YORK, NY - FEBRUARY 19: Designer Ralph Lauren attends the Ralph Lauren fashion show during Mercedes-Benz Fashion Week Fall 2015 at Skylight Clarkson SQ. on February 19, 2015 in New York City. (Photo by Mike Coppola/Getty Images for Mercedes-Benz Fashion Week)
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