"Today at Buckingham Palace, the Beatles drummer was honoured by The Duke of Cambridge for his services to music". It means recognition for the things we've done musically and in life. "So, I was really pleased to accept this award".
In 1965, he was also recognised with a Member of the Order of the British Empire award.
Starr went on to joke that he was not sure if people should call him Sir Ringo.
"But I think it's anhonour", said the drummer after the ceremony.
Paul took to Twitter late previous year to congratulate Ringo - whose real name is Richard Starkey - following the news he would be knighted.
But Starr denied the claim and laughed, saying, "I'm not keeping that rumor going".
McCartney was knighted in 1977, but John Lennon and George Harrison did not receive a similar honour. At the very least, Ringo did seem to know what to do with the medal: "I'll be wearing it at breakfast".
According to The Irish News, Starr also opened up in regards to the fact that he's joined Paul McCartney as the only other former Beatle to have been knighted.
"Last week, Paul and I had dinner in LA together and we were talking about Liverpool to here".
He said the honour "means a lot" and joked with reporters afterward: "I expect you to use my title".