“It’s a special day, great moment in my career and for my family,” McConaughey said, as some of Tinseltown’s biggest names looked on.
Hundreds of fans turned out to witness McConaughey accept the star, accompanied by his Brazilian wife Camila Alves and their three children, Levi, Vida, and Livingston.
The 45-year-old actor was also joined by producers Don Phillips and Christopher Nolan, who directed McConaughey’s latest smash film Interstellar.
“McConaughey works harder than anybody else. He deserves this,” said Nolan, who also directed the most recent Batman trilogy.
Interstellar co-stars, Oscar winner Anne Hathaway and Jessica Chastain, added their star quality to the glittering red-carpet event.
Receiving the star caps off a particularly memorable year for McConaughey in which he won an Oscar for best actor for his portrayal of an AIDS patient in Dallas Buyers Club.
McConaughey also starred in The Wolf of Wall Street, The Wedding Planner and the recent hit television series True Detective.
His breakout role came in the 1993 film Dazed and Confused.