FAIRFIELD, Conn. -- Mr. McMahon now has one more mark of distinction to add to his long list of accomplishments. After delivering a speech to the graduates of Sacred Heart University, the Chairman received an honorary doctor of humane letters degree.

"First of all, my name is not Vince," Mr. McMahon told WWE.com. "It's Dr. Vince or Dr. McMahon."

The Chairman said he had no other honors comparable to this one; however, he felt right at home in that robe.

"If anyone alive should be decreed the doctorate of humane letters, it unquestionably should be me, and I humbly accept that award," he said.

Mr. McMahon walked out to a very warm welcoming from more than 1,000 members of Sacred Heart's graduating class. His wife Linda McMahon, a member of the Sacred Heart Board of Trustees, presented him with a hood just moments before he tossed his cap into the chairs to kick off his speech.

"I have no pearls of wisdom for you today," the Chairman admitted. "I'm not going to tell you how to run your lives because I have difficulty running mine."

Mr. McMahon discussed the challenges he went through on his way to receiving a degree as well as the bumps he faced on his road to success in business. He was honored for giving back to the community, particularly with children and education.

"What makes this a very special day is that the students have the privilege of hearing my remarks," the Chairman announced before taking the stage.

Perhaps Mr. McMahon was accurate with that claim.

"He's a well-established businessman," said Matthew Cassidy, graduate. "He's very successful and I'm excited to hear what he has to say to us."

Christopher Lavoie, another member of Sacred Heart's 2007 graduating class, agreed.

"I think Mr. McMahon is the perfect speaker," he said. "I grew up watching WWE on TV and now to see him here in person is like seeing everything from my childhood come up with me."

Mr. McMahon's words were brief, but he made his stay memorable. After reminding everybody in attendance that he did become a billionaire, he made sure to discuss some of the failures he faced on the way. Still, he has been able to use them as methods of learning, giving him the education he needed to stand with a doctor of humane letters degree on the stage of Sacred Heart University.

"There have been a number of failures along the way in my life," he said, "I have no pearls of wisdom, as I said before, but I can leave you with this thought. It's important in life that you're not afraid to fail. If you're not afraid to fail, then you will be a success in life."