Last year's winner, Tracee Ellis Ross, presented the award to KK, who wore a skin-tight black jumpsuit, gloves and sunglasses -- as she sauntered down a long runway to accept.

The Kardashian was full of gratitude and said she felt honored to receive the award from Tracee. But, the nod to her estranged husband, Kanye, was by far the most interesting moment.

Kim said she felt inspired by so many people. But, she made sure to give her ex all his flowers ... "To Kanye," she said, "for really introducing me to the fashion world"

Kim explained she started off as a closet organizer and a stylist, so getting the honor felt like a "pinch-me moment" ... "I fell in love with fashion and I'm so inspired by so many people but again, this is like a dream that I get to wake up and wear these amazing clothes and try new things and take a risk."

It's pretty amazing ... Kim went from working behind the counter at the Dash store to launching her shapewear brand, Skims, which was valued at over $1 billion. And, of course, there's her beauty brands -- KKW BEAUTY and KKW Fragrance.

Balenciaga is clearly her thing ... you'll recall her all-black jumpsuit, gloves, and long pleated train that covered her from head to toe at the MET Gala -- yes, even her face.