Mondo Duplantis was named the Laureus World Sportsman of the Year, while American gymnast Simone Biles bagged the top women's honour at the Laureus World Sports Awards.
The Brazilian's victory was highlighted by Biles' sportsmanship, as she bowed to Andrade on the podium.
The American, a two-time Olympic bronze medallist and a four-time world champion on the balance beam, finished a disappointing fifth with 13.100.
Simone Biles clinched her sixth Olympic gold medal in front of an ecstatic crowd at the Paris Games on Thursday.
Brazilian Rebeca Andrade won gold in the women's vault at the Artistic Gymnastics World Championships in Antwerp on Saturday after a fall by Simone Biles denied the American another win.
Jordan Chiles is set to lose her bronze medal in the women's artistic gymnastics floor exercise competition after the Court of Arbitration for Sport ruled in favour of an appeal by Romania's Ana Barbosu.
The former world number one said she hoped to motivate young girls into sports with the doll.
Rishabh Pant has been nominated for the prestigious Laureus World Comeback of the Year Award.
Simone Biles won the vault final on Saturday to clinch her third gold medal of the Paris Games, dominating the competition with her signature Biles II vault to beat Brazilian silver medallist Rebeca Andrade with American Jade Carey taking bronze.
Simone Biles clinched her fifth Olympic gold medal as she made a triumphant return to the women's gymnastics team final at the Paris Games on Tuesday, reinforcing her status as one of the greatest athletes just three years after withdrawing from the same event at the Tokyo Games.
It was poetry in motion as Simone Biles mesmerised spectators at the Bercy Arena in Paris and watching all over the world with her dazzling routines to win her fifth Olympic gold medal as she made a triumphant return to the women's gymnastics team final at the Paris Games on Tuesday.
Biles, the world's most decorated gymnast, returned for her third Olympics after she abruptly pulled out from the team final at the Tokyo Games suffering from the "twisties", a term used to describe the temporary loss of spatial awareness while performing high-difficulty elements.
Simone Biles surpassed Belarusian Vitaly Scherbo's record of 33 medals in total at the Olympics and World Championships.
With the athletes bidding goodbye to Paris after another bone-tingling edition of the Olympics, Norma Astrid Godinho/Rediff.com, shares some interesting nuggets that made the Paris Olympics an event to remember!
Israeli Prime Minister Naftali Bennett was among the first to congratulate Dolgopyat praising the 24-year-old for making "blue and white history".
Indian gymnast Dipa Karmarkar, on Saturday, claimed a bronze medal at the vault event on the third day of the Artistic Gymnastics World Cup in Cottbus, Germany.
Sunisa Lee came to Tokyo thinking the best she might do was win an all-around Olympic silver but the youngest member of the US gymnastics team grabbed the gold on Thursday after Simone Biles dropped out of the event over mental health concerns.