On Saturday (Feb 7th), iconic musician Bob Dylan added another accolade to his long list of awards as he accepted the 2015 MusiCares Person of the Year award in Los Angeles' Convention Center in the West Hall.

Bob Dylan
Dylan won the the 2015 MusiCares Person of the Year award

While accepting the prize, the singer-songwriter delivered 40 minute-long speech about an array of topics including his life and career, his critics, and he also spoke very highly of several fellow illustrious musicians who have been inspirations to him.

After former President Jimmy Carter presented the award, the 73-year-old star thanked the likes of the Byrds, the Turtles, and Sonny & Cher for covering the songs he wrote and finding success with them.

More: Bob Dylan Admits He Would Have Become A School Teacher "If I Had To Do It All Over Again"

"They made some of my songs Top 10 hits but I wasn't a pop songwriter and I really didn't want to be that, but it was good that it happened," he told the audience. "Their versions of songs were like commercials, but I didn't really mind that because 50 years later my songs were being used in the commercials. So that was good too."

Dylan also paid tribute to the late Jimi Hendrix and Johnny Cash for their huge influences on his career.

"Oh, and can't forget Jimi Hendrix," he said. "He took some small songs of mine that nobody paid any attention to and pumped them up into the outer limits of the stratosphere and turned them all into classics. I have to thank Jimi, too. I wish he was here."

More: Bob Dylan Reveals Details Of Frank Sinatra Covers Album, 'Shadows In The Night'

"Johnny Cash recorded some of my songs early on, too, up in about '63, when he was all skin and bones," Dylan continued. "He travelled long, he travelled hard, but he was a hero of mine."

During the all-star 2015 MusiCares Person of the Year gala concert, which marked the 25th anniversary of the charity organisation, Neil Young, Willie Nelson, Bonnie Raitt, Beck, Jack White and several other musical acts took to the stage to perform some of Dylan's most celebrated songs.