The Formula One champions defeated European champions Real Madrid and the NBA champion Golden State Warriors to clinch the prestigious award here on Tuesday.
"So proud of our team winning @LaureusSport's World Team of the Year. 1,500 people all with a shared vision. Honoured to be on this journey with you @MercedesAMGF1," Hamilton tweeted.
Other nominations in the category included the NFL's New England Patriots, the French Davis Cup team and New Zealand America's Cup team.
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