It comes after the midfielder spearheaded Croatia's charge to the World Cup final - and was named player of the tournament in the process - after helping Madrid win an unprecedented third straight Champions League title.
A "reputable" journalist represented each of the 195 countries, and they were asked to select their top-5 players from 2018, with their top-ranked footballer receiving six points, 2nd four points, 3rd three points, then two and one points for their final picks.
Alongside the Ballon d'Or, the inaugural Trophee Kopa award was also handed out at the ceremony in Paris, with Paris Saint-Germain striker Kylian Mbappe scooping the award for best young player under the age of 21. He scored a hat trick against Spain at the World Cup but he failed to make an impression when Portugal lost to Uruguay in the round of 16.
"My son, I am the happiest and proudest father in the world", he said. But the best wasn't there, the player who's been king of this sport for years.
Lyon's Ada Hegerberg became the first recipient of the Women's Ballon d'Or award.
Croatian playmaker Luka Modric was declared the victor for the 2018 Ballon d'Or award on Monday, December 3, in Paris. Hegerberg refused and quickly left the stage. "Good question", he replied, before adding: "I congratulate Modric as the Ballon d'Or".
"I just want to enjoy it".
Despite the fact that both players have won the award five times, their fans were not enthused that it went to Modric this time.
AS, meanwhile, quote Modric saying: "If I've won its because I've done something special" alongside a picture of him with the trophy. "I didn't really consider it a sexual harassment or anything in the moment", she told the BBC.