Rock legend Bob Dylan has received one of the highest awards in human achievement.

The singer-songwriter can now add the Nobel Prize in Literature to his list of awards. The Swedish Academy says it honored the 75-year-old "for having created new poetic expressions within the great American song tradition."

Dylan is the first musician to ever win the award for literature and one of about 260 American winners of a Nobel Prize.

The first Nobel was awarded in 1901.

There are currently more than 900 Nobel Prize winners in categories like psychics, chemistry, science, peace and literature.

Each winner gets a medal, a personal diploma, and a cash prize of almost $1 million U.S. dollars. The prize is named after famous Swedish scientist Alfred Nobel who was born into poverty but became rich in his adult years.

Many of the other Nobel Prize winners came from humble beginnings, too.

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.