KUALA LUMPUR, July 2 -- Former Formula 1 boss Bernie Ecclestone has become a father for the fourth time with wife Fabiana Flosi at the ripe old age of 89.

The baby boy's birth on Wednesday came three months before Ecclestone's 90th birthday in October.

Confirming the news with Swiss German news organisation Blick, UK tabloid Daily Mail quoted Ecclestone as saying the baby had been named Ace.

The billionaire businessman was reported as saying that he was proud of the birth of his son.

This is the first son for the octogenarian with Flosi.

Ecclestone has three other daughters with his former wives, with a daughter, Deborah, 65, with first wife Ivy Bamford and socialites Tamara, 35, and Petra, 31, with second wife Slavica Radic.

Meanwh...