Bono has been awarded with a 'Man of Peace' honour by the Nobel peace laureates for his work to tackle African debt, poverty and disease.
Paris Mayor, Bertrand Delanoe, who hosted the event, handed the U2 frontman the Peace Summit Award in presence of five Nobel winners.
Accepting the honour 48-year-old Bono said: "This is a very big award for me, because let's be honest this is as close as I am going to get, as close as a rock star is ever going to get to the Nobel Peace Prize".
Speaking to the Nobel winners at the ceremony, who included John Hume and FW de Klerk, he said: "I am an over-awarded, over-rewarded rock star. You are the people who do the real work."
"So I am very, very pleased to be in such esteemed company."
Speaking about Bono, co-host of the event, Italian left-wing leader Walter Veltroni, said: "We decided to nominate a man who has given a lot and will continue to give a great deal to the struggle for human rights, to the fight against poverty, with his music and with his words."
Last year's recipients of the award were George Clooney and Don Cheadle, who have spoken out against the violence in Sudan's war-torn Darfur.