Queen makes Michael Bloomberg an Honorary Knight

The Queen has made businessman Michael R Bloomberg an Honorary Knight of the Most Excellent Order of the British Empire.

Mr Bloomberg was recognised for "entrepreneurial and philanthropic endeavours" which have benefited the United Kingdom, said the British Embassy.

Former New York Mayor Michael Bloomberg has received an KBE Credit: Thibault Camus/AP

Mr Bloomberg was delighted with his KBE and said: "It has been a great privilege to work with British leaders on a wide variety of issues, and to invest - commercially, culturally, and civically - in the future of Britain, a place I have long considered my second home."