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Mike Bloomberg receives honorary knighthood

Former New York City Mayor Michael Bloomberg speaks

Former New York City Mayor Michael Bloomberg speaks at the Sierra Club April 8, 2015 in Washington, DC. Photo Credit: Getty Images / Mark Wilson

Former Mayor Michael Bloomberg now has some royal cred to his resume.

The 73-year-old billionaire received an honorary knighthood Wednesday at special ceremony at the British Embassy in Washington, D.C.

The British ambassador to the U.S. said Bloomberg played a key role in "forging transatlantic diplomatic, economic, and cultural ties," between the U.K. and U.S. as a businessman and mayor.

"I've developed a deep appreciation and respect for the British people -- and this recognition is one of the great honors of my life," Bloomberg said in a statement.

Vice President Joe Biden was on hand for the ceremony. Bloomberg's predecessor also received honorary knighthood in 2002.

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