Rock legend Bob Dylan just received one of the highest awards in human achievement! The singer-songwriter won the Nobel Prize in literature.

The Swedish Academy says the 75 year old received the award, "for having created new poetic expressions within the great American song tradition."

Dylan is the first musician to ever win the award for literature.

A quick history on the Nobel prize:

The first one was awarded in 1901. There are currently more than 900 Nobel prize winners in categories like psychics, chemistry, science, peace and literature. 259 winners of them are from the U.S.

Each winner gets a medal, a personal diploma and a cash prize of almost $1 million.

The prize is named after famous Swedish scientist Alfred Nobel. He was born into poverty but became rich. And many of the other Nobel prize winners came from humble beginnings. According to Reuters, Eugene Fama who won the Nobel prize in economic sciences in 2013 used to work as a car washer. Another Nobel winner, David Wineland who took the prize in physics in 2012 was once a delivery boy and a dishwasher.

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