Formula 1's Bernie Ecclestone, 89, Is Expecting a Baby with Wife Fabiana, 44

Bernie Ecclestone, who is the former chief executive of the Formula One Group, is expecting his first child with wife Fabiana Flosi.

The 89-year-old billionaire is the father of three daughters – Deborah, 65, Tamara, 35, and Petra, 31 – and he has five grandkids and one great-grandchild.

This will be the first child for Fabiana, 44. The baby boy is expected to arrive in July.

“I don’t see there’s any difference between being 89 and 29,” Bernie said about becoming a dad again (via CNN). “You’ve got the same problems I suppose. It’s all right.”

Fabiana said, “Like all parents, we have only one wish: The child must be born healthy. Hopefully he will never express the intention to do something with Formula 1.”

A rep for Tamara told People that she “is absolutely thrilled for them both.”

Bernie and Fabiana have been married since 2012.