Former Formula 1 tycoon Bernie Ecclestone, 89, and wife Fabiana Flosi, 44, announced the birth of their son.
The boy was born on Wednesday and is called Ace, Ecclestone’s spokesman confirmed to CNN.
The new arrival will be the billionaire’s first son and his first son with Flosi, joining daughters Tamara, Petra and Deborah from Ecclestone’s previous marriages.
Ecclestone and Flosi were married in 2012 and in 2016 Flosi’s mother was kidnapped by rescue in Brazil. Aparecida Schunck Flosi Palmeira was released a week after being kidnapped.
Ecclestone drove Formula 1 for 40 years before being ousted in 2017.
He is credited with overseeing the transformation of sport from an amateur operation in the 1970s to the $ 8 billion business formally acquired by new American owner Liberty Media in 2017.
Ecclestone remains an influential figure in the sport and caused controversy in late June for his comments on racism.
Lewis Hamilton, six times world champion and the first and only black driver to compete in F1, called F1’s “biggest stars” for “remaining silent … amid injustice” and created the Hamilton Commission to increase diversity in motorsport .
Ecclestone praised Hamilton for his initiative, but told CNN that he does not think it will have a tangible impact on F1.
“In many cases, blacks are more racist than whites,” he added.
CNN contested Ecclestone for the claim and he was unable to provide any concrete evidence for the unsubstantiated claim, in addition to saying that he “noticed” it over the years.
Ecclestone joins an illustrious list of celebrities who had children later in life.
Charlie Chaplin was 73 when he and wife Oona O’Neil welcomed their son Christopher into the world, while media mogul Rupert Murdoch was 72 when he had his daughter Chloe with his then wife, Wendi Deng, in 2003 .
Oscar-winning actor Robert De Niro was 68 when he and Grace Hightower had their daughter Helen Grace, and Playboy founder Hugh Hefner was 65 when son Cooper was born to then-wife Kimberley Conrad.