Itzhak Perlman has been awarded this year's "Jewish Nobel".

The Israeli-American violinist has been awarded the $1million Genesis Prize for his accomplishments as a musician, teacher and advocate for the disabled, it was announced on Monday.

Mr Perlman, who has won 16 Grammys and played the violin solo in the Oscar-winning soundtrack for the 1993 film ‘Schindler's List’, said he was "humbled" to be recognised not only for his personal accomplishments, but also his commitment to his Jewish identity.

"I have always been very proud of my Jewish heritage, which has greatly influenced my music, my world view, and my work as an advocate for individuals whom society often leaves behind," he said.

Mr Perlman, who had polio as a child and walks with crutches, said he planned to donate his prize money to assisting people with disabilities and developing young, talented musicians.

"Itzhak Perlman is the embodiment of everything an ideal Genesis Prize Laureate should be," said Stan Polovets, chairman and co-founder of the prize. He added that Mr Perlman "brings joy to millions of people" through his music and had “given back to society" through his teaching and advocacy work.

The award was created in 2014 by the Genesis Philanthropy Group in partnership with the Israeli government to honour “exceptional people whose values and achievements will inspire the next generations of Jews”.

Previous winners have included former New York City Mayor Michael Bloomberg and actor Michael Douglas.