Monte Carlo, Monaco (SportsNetwork.com) - Novak Djokovic has been named the Laureus World Sportsman of the Year for the second time in four years.

The reigning world No. 1 men's tennis star, who is competing at the Monte Carlo Masters this week, was presented with the award by HSH Princess Charlene of Monaco at the Monte Carlo Sporting Club.

Djokovic came out on top ahead of fellow nominees Cristiano Ronaldo, the Portuguese and Real Madrid soccer star, and golfer Rory McIlroy of Northern Ireland.

"This is probably the crown of my 2014 season that has been highlighted with winning Wimbledon, regaining No. 1 in the world and becoming a father," said Djokovic. "It has probably been my best year so far in my life."

In 2014, the Serbian compiled a 61-8 match record, captured Wimbledon, five ATP World Tour Masters 1000 trophies and the ATP World Tour Finals for a third straight year. He reclaimed the No. 1 spot in the rankings in July.

Djokovic had previously won the award in 2012 after a remarkable 2011 campaign, which saw him win three Grand Slam championships and five Masters titles.