Usain Bolt, who broke three world records at the Olympics, has been named male athlete of the year.
The Jamaican sprinter, nicknamed the Lightning Bolt, won gold medals in the 100m, 200m and 100m relay at the Beijing Games over the summer.
Russian pole vaulter Yelena Isinbayeva was named female athlete of the year. She got the world record height of 5.05m to win a second Olympic title.
Both athletes were given £67,000 at an awards ceremony in Monaco.
Usain Bolt and Yelena Isinbayeva
Bolt, who is 22, is the first man in history to break world records in all three sprint events at a single Games.
26-year-old Isinbayeva has had an amazing year, breaking the pole vault world record three times.
The two athletes were chosen by the International Association of Athletics Federations.