The 67-year-old star will tie the knot in a lavish ceremony in June.
The legendary singer will be given the honour at the Billboard Music Awards in Las Vegas later this month
Wonder is being recognised for his contributions to the music industry, including his 32 US No.1 singles and many multi-platinum albums.
In 2011, Neil Diamond received the Icon Award.
Adele has received nominations in a massive 18 categories in this year’s Billboard Music Awards.
The Billboard Music Awards take place on Sunday 20 May 2012.