Rangers chairman David Murray, deaf percussionist Evelyn Glennie and writer Alexander McCall Smith are among the Scots honoured by the Queen.
Murray was awarded a knighthood in the honours list
Steel tycoon Sir David, 55, received a knighthood in the New Year's honours list, while Ms Glennie was made a Dame.
Best-selling author Mr McCall Smith and arts impresario Richard Demarco were made CBEs.
BBC weather forecaster Heather Reid became an OBE and renowned folk artist Archie Fisher was made an MBE.
There was also an MBE for retired milkman George Bell, 60, who worked the same round in Gullane, East Lothian, for 34 years.
Sir David made his fortune in the steel industry and his portfolio of metals, mining, property and venture capital businesses have made him Scotland's fifth richest man, worth £650m.
In 1989 he bought Rangers for £6m and was at the helm when the club won nine league titles in a row in the 1990s.
He stepped down as chairman in July 2002 but returned to the post in the summer of 2004.
The tycoon lost both his legs after a serious road crash in 1974 and later set up a charity to provide help for amputees and their families in Scotland.
In a statement, he said: "I'd like to toast all my family friends and colleagues who have assisted me on receiving this prestigious award."
Alexander McCall Smith became a CBE
Mr McCall Smith, who was made a CBE, took the book world by storm at the age of 50 with the widely acclaimed The No.1 Ladies' Detective Agency.
It tells the story of Precious Ramotswe, who becomes a private investigator in Botswana to "help people with problems in their lives".
Mr Demarco, who is also to get a CBE, was born in Portobello near Edinburgh in 1930.
He has been one of Scotland's most influential advocates for contemporary art and was co-founder of the Traverse Theatre in Edinburgh in 1963.
Ms Reid, who was made an OBE, has fronted BBC Reporting Scotland's weather since 1994.
But it is for her contributions to physics that she has been recognised.
Solo percussionist Ms Glennie's career spans more than two decades and she has composed numerous original works.
She regularly performs around the world and often plays more than 60 instruments during a single live performance.
Profoundly deaf since the age of 12, the 41-year-old was born in Aberdeen and educated at Ellon Academy.
Renowned folk artist and radio broadcaster Mr Fisher was made an MBE for his services to traditional Scottish music.
The Glasgow-born musician has been described as one of the most influential folk artists of his time.
As well as a series of folk albums he has presented BBC Radio Scotland's awarding winning Travelling Folk programme for 25 years.