Ludacris is going to have to make some space on his mantle. Music performance rights organization BMI is awarding him their President’s Award at this year's BMI R&B/Hip-Hop Awards. The awards will be held Friday, August 22, at the Pantages Theatre in Hollywood.

Luda, who's sold more than 19 million records in the United States and 7 million internationally, has racked up more than a few accolades through out his music career. His awards include three GRAMMY awards and five Billboard awards; and multiple Top 10 positions on the Billboard Hot 100, Hot R&B/Hip-Hop Songs , Billboard 200 and the R&B/Hip-Hop Albums charts. In addition he's earned three BMI million-performance citations, one BMI two million-performance citation, nine BMI Pop Awards and thirteen BMI R&B/Hip-Hop Awards.

BMI's president says that Luda's star power and good deeds are the reason he's being honored.

“The President’s Award is bestowed to an individual who has demonstrated outstanding achievement in songwriting with profound global influence on culture and the entertainment industry,” said Mike O’Neill, BMI President & CEO in a statement. “Christopher ‘Ludacris’ Bridges’ songs traverse boundaries and reach listeners of all genres, making him a global presence. Additionally, his philanthropic efforts go beyond measure with the work he does by way of his charitable organization, The Ludacris Foundation, making him a natural for the BMI President’s Award.”

Perfect timing for the ATL rapper. Ludacris’ upcoming 8th studio album, Ludaversal, due in the fall.