Clark passed away on Wednesday (April 18) at the age of 82 after suffering a "massive heart attack".
The TV presenter and producer was best known for his annual New Year's Eve special, as well as his music television show American Bandstand, where artists like Franklin and Little Richard were introduced to mainstream audiences.
In a CNN interview with Anderson Cooper, Franklin said: "He very easily [integrated audiences]... He made such a great contribution to the health and welfare of the young adults from across this country and out of the country."
Video: Aretha Franklin interview on 'American Bandstand'
Little Richard, who was a good friend of Clark's during the early days of American Bandstand added, "Anything Dick Clark touched, it became gold overnight...if he touched you, you were moving up."
There has been a large outpouring from celebrities in both the music and television spheres paying tribute to Clark since his death.
Ryan Seacrest - who took over as co-host of the annual New Year's Rockin' Eve special on New Year's Eve 2005 following Clark's stroke - spoke with adoration of his mentor on Wednesday night's episode of American Idol.
> Dick Clark death: Larry King remembers friend who 'could do anything'
Watch Aretha Franklin and Little Richard speak about Dick Clark below:
Picture gallery - Dick Clark: Career in pictures