U.K. grants Bill Gates honorary knighthood

C|Net | at | by Mike

Microsoft co-founder Bill Gates is set to receive an honorary knighthood from Queen Elizabeth II, in recognition of his services to global enterprise.

The Foreign Office announced early on Monday that Gates will become a Knight Commander of the Most Excellent Order of the British Empire. This is one of the highest honors that Britain can bestow upon those born outside the United Kingdom.

"Microsoft technology has transformed business practices and his (Gates') company has had a profound impact on the British economy," the foreign secretary, Jack Straw, said in a statement.