Ex-Formula 1 boss, Bernie Ecclestone has become a father for the fourth time at age 89.

His wife Fabiana Flosi, 44, has given birth to a baby boy, who they have named Ace.

The British billionaire and grandfather-of-five confirmed the birth of his son to Swiss German news organisation Blick, saying: ‘We have a son named Ace. I am so proud.’

Revealing that she enjoyed an easy labour, Fabiana added: ‘It was all so easy. The birth was over after 25 minutes. I thank God.’ 

The new addition is his fourth child and first son after his three daughters.

His eldest, Deborah, 65, was born to his first wife Ivy Bamford before he welcomed socialites Tamara, 35, and Petra, 31, with his second wife Slavica Radic.

Mr. Ecclestone married Mrs. Flosi, a Brazilian marketing director in 2012 three years after he divorced Croatian model, Slavica Radic.