Halfpenny was a welcome recipient of an award that is voted for by the well-known publication and a series of experts and supporters all across France, with his consistently strong showings for the Blues, Wales and the British & Irish Lions making him an unsurprising winner.
The 2010 Amlin Challenge Cup winner was in such superb form as Wales retained their RBS 6 Nations crown last season that he was named Player of the Tournament eight months ago and he backed that up with an even more dominant set of displays for the Lions Down Under.
Halfpenny started all three Tests for Britain and Ireland's elite in Australia as the Lions secured a first series victory since 1997 and he was voted HSBC Player of the Series in the process. He broke Neil Jenkins' record for most points in a series with 49, while his third Test haul of 21 was the most by a Lion in a single international.
"It's a huge honour to receive this award and be in a room full of so many legends of the game," was Halfpenny's response after receiving his award at the 60th 'Oscars du Rugby' celebration. "Thanks to everyone for your kind messages, very grateful to you all."
Halfpenny wasn't the only winner on Monday, though, with Argentine international Juan Martin Fernandez Lobbe rewarded with the 'Best European Player' award after playing a key role in Toulon's maiden Heineken Cup triumph.
Lobbe, who broke his elbow in domestic action just over a week ago and will miss his country's autumn Tests and his club's December double header with Exeter Chiefs as a result, featured in seven games in last term's European crusade and has started both fixtures so far this time around.
ASM Clermont Auvergne centre Wesley Fofana was named the premier French player ahead of Mathieu Bastareaud and Antonie Claassen after he started all but one of his side's games en route to the 2013 Heineken Cup final, scoring five tries along the way.
In addition to the individual awards, there was also the announcement of a Legends XV that featured one player currently involved in the Heineken Cup in the shape of Toulon lock Bakkies Botha.
Legends XV: Serge Blanco; Gerald Davies, Danie Gerber, Phillipe Sella, Jonah Lomu; Dan Carter, Gareth Edwards; Graham Price, Sean Fitzpatrick, Jean Iraçabal; Benoît Dauga, Bakkies Botha; Michael Jones, Richie McCaw, Walter Spanghero