He won the European Order of Merit eight times and was a runner-up in five majors.
His other decorations include Germany's Federal Order of Merit and France's Officier de la Legion d'Honneur.
And he revealed that he would not swap a single Order of Merit title for a major.
The Race to Dubai replaced the European Tour's Order of Merit last year when it was launched.
"I'll try and finish in the top-10, that would be reasonable, " said the eight-time Order of Merit winner.
The Scot secured his eighth Order of Merit in October and is chasing his 42nd career title in Hong Kong.
As well as being knighted, he received a rarer honour, the Order of Merit, which is limited to 24 people.
However, Wallace was given the Order of Merit, the highest honour that could be given by the British monarch to a civilian.
Montgomerie received his previous honour in 1998 after winning the European tour Order of Merit for the sixth of seven successive times.
She became a member of the Order of Merit, and eventually a Lady of the Garter and a life peer as well.
The Dane, who is 16th on the Order of Merit this season, bogeyed the 17th hole but bounced back with a birdie at 18.
The 2000 Order of Merit winner is also involved in the inaugural Race to Dubai, the new European money list, which culminates in November.
The Ulsterman won the Scandinavian Masters on only his fourth start as a pro in August and is 54th on the Order of Merit.
Casey, who moves to 20th place on the European Tour Order of Merit, one place behind McGinley, added that a new driver had been crucial.
Clarke climbed to the top of the European Order of Merit but remained outside the top 10 in the new world rankings published on Monday.
The stats prove the Irishman's career high-finish in the Order of Merit has been down to his improved technique and feel on the greens in 2005.
Six straight pars to finish saw the European Order of Merit leader become the first English winner of the PGA Championship since Nick Faldo in 1989.
The foundations for his win which moves him up to third in the European Tour's Order of Merit were, of course, provided by his opening nine-under-par 63.
He returned to Eton in 1918, to take up the same position, and died a tranquil death in 1936, though not before being awarded the Order of Merit.
Last year, Mr Farmer, then 84, was awarded Germany's highest civilian honour, the Commander's Cross of the Order of Merit, for his work in getting the paintings returned.
Els or Stenson could go top of the European Order of Merit this weekend following the exits of leading pair Padraig Harrington and Justin Rose on the opening day.
Montgomerie, who injured three fingers in his right hand at Gleneagles last week, had been hoping to boost his chances of winning an eighth European Order of Merit title.
The Scot, who outscored Woods when they were paired together in the third round at St Andrews, ended the season by winning his eighth European Order of Merit title.
Warren began the week a lowly 129th on the Order of Merit but has now secured his card for next year and an exemption until the end of 2008.
Howell, the European Tour Order of Merit leader, got off to a flying start at the Yalong Bay Golf Club on Hainan Island with a birdie at the first.
If the event was not counted then Garcia would be taken off the Order of Merit and everyone below him would move up one place, making Forsyth safe in 115th.
"It's really disappointing because I was hoping to go all the way, " said the Dubliner, who could now lose his position at the top of the European Order of Merit.
Order of Merit leader Miguel Angel Jimenez also crashed out on level par, but his Ryder Cup spot looks pretty secure with John Daly also exiting on the same mark.
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