The 76-year-old actress - who currently stars as James Bond's boss M in the Bond film franchise - was given the gong at the fashion magazine's Women of the Year Awards at Claridge's Hotel in London tonight.
The woman who created the Duchess of Cambridge's wedding dress - creative director of fashion brand Alexander McQueen Sarah Burton - was named Designer of the Year, while Oscar-nominated film director Tom Ford received the award for a Man in a Woman's World.
The International Woman of the Year title went to Arianna Huffington.
Other winners included supermodels Naomi Campbell, Helena Christensen, Eva Herzigova, Yasmin Le Bon and Cindy Crawford who were collectively named Fashion Icons of the Year.
Click through our Slideshow of all the glitterati out in force at last night's Awards ceremony...