The star, who won the F1 world championship
in 1992 and was awarded a CBE in 2012, broke down in tears as he received his award from television presenter Gary Newbon.
The 30-year-old driver's victory in Sochi means he is on the brink of winning his third F1 world championship
In an event presented by Gary Newbon and Emma Jesson, Brummie motor racing legend Nigel Mansell - who won the F1 world championship
in 1992 - collected the lifetime achievement award in the Birmingham Mail and Post ceremony at Villa Park (see page 3 of the Mail for his story).
Lewis Hamil-|ton celebrating his F1 world championship
at the weekend, above, and Sam with Michael Schumacher ahead of the Malaysian Grand Prix in 2012, right
Schmid, who won seven out of 12 races in each of the last two seasons as Al Nabooda Racing dominated the series, returns to GT3 Cup action after claiming 10th place overall in the Porsche Mobil 1 Supercup, which runs alongside the F1 World Championship
And his three F1 World Championship
titles will be marked by a 1969 Matra MS80-Cosworth and a Tyrrell 006 of 1973.
With his stint in Marussia, Rossi is expected to be in attendance to all the FIA F1 World Championship
5 Of the 10 British drivers who have won the F1 World Championship
, which of them has won it the most times?
After covering the 2009 F1 world championship
as a broadcaster for RMC radio, he specialized in online media and is now in charge of a strong, multigenerational, editorial team with Motorsport.
His record of F1 world championship
victories stood until German ace Michael Schumacher broke it in 2003.
The last day of the month marks the 50th anniversary of Jim Clark's famous Indianapolis 500 success, to which he added his second F1 World Championship
crown, Formula 2 championship and Tasman Series successes, all in Lotus cars.
The F1 world championship
leader also admitted he is so confident that he aims to release some music with Canadian rapper pal Drake, 28.