The 44-year-old '12 Years a Slave' director made the admission in an interview with BBC's 'Desert Island Discs' host Kirsty Young, in which he claimed his accolade shouldn't be considered a major landmark for the black community, reported Contactmusic.
"It's not important to me at all. There's nothing I don't think black people can't do so that's of no consequence to me. I mean so what?" McQueen said.
The 2013 film, which starred Brad Pitt, Michael Fassbender and Bennedict Cumberbatch, was a story of an African-American man who is kidnapped and sold into slavery.
"I don't need money. If you don't need money, you are free. You do want you want. The only thing they can offer you is money and if you don't need it, there is no enticement," he said.
The London-born director is currently working on a drama based on the lives of black people in the city, which is set to air on the BBC.