Alexander Wang's version of black tie at the CFDAs. Photo: Kevin Mazur, WireImage

Not only is Alexander Wang a favorite among fashion editors and A-listers alike, but now the designer has received international honors, winning the Swiss Textiles Award.

Upon taking the stage, Wang was visibly shaking and mentioned that his whole team deserved the recognition, reports Grazia UK.

The coveted annual award, worth a whopping €100,000 (roughly $150,000), is handed out to a talented young designer each year. Past winners include Halston designer Marios Schwab (2007) and Rodarte (2008).

This year, Wang beat out some tough competition including Michelle Obama favorite Thakoon, budding French couture star Alexis Mabille and UK-based line Erdem.

Not one to rest on his laurels, Wang told the magazine, "There's always more to do! I can do so much more with my business now -- I'm very lucky."

Luck may be part of it, but talent is talent!

The young designer also recently became a member of this prestigious fashion organization.