Pete Winkelman has been awarded a Doctor of Science degree in the annual Cranfield University graduation ceremony.
Delighted with his award, Mr Winkelman said: "I am extremely honoured and humbled to receive this wonderful award from Cranfield University.
"They are a world-class institution playing an important and integral part in the economic and community development of our South East/Midlands region."
Resident in Milton Keynes since 1993, Mr Winkelman established Great Linford Manor, Europe's leading residential recording studios, following a successful and varied career in the music industry in London.
He has worked with the public and private sectors to deliver Milton Keynes' ambition to host professional league football and develop a landmark multi-purpose sports and spectator events complex.
The resulting stadiummk is the home of the Dons, which was officially opened in 2007 by Her Majesty the Queen. The 30,500-seater stadium has been chosen for many international events since then and that will continue in October when it hosts three Rugby World Cup 2015 fixtures - the third largest sporting event in the world.