Eight-time dad Mike Tyson

Mike Tyson has become a father for the eighth time.

The former heavyweight world champion boxer and his wife, Lakiha Spicer Tyson, welcomed a baby boy into the world yesterday (25.01.11).

A source close to the couple told RadarOnline.com: "Mike and Lakiha are very happy and everyone is doing great."

The couple, who already have a two-year-old daughter Milan together, are yet to name their new arrival.

The happy news comes 18 months after the tragic death of Mike's four-year-old daughter Exodus in a horrific accident in 2009 when a chord from a treadmill became wrapped around her neck. Mike and Lakiha, 32, married just 10 days after the ordeal.

Mike has been married twice before, to actress Robin Givens and Monica Turner and has five other children: Rayna, Amir, Mikey, Miguel and D'Mato, from his marriages and by ex-girlfriends.

The 44-year-old retired boxer - who became the youngest heavyweight champion of all time when he won his first title in 1986 - is thought to have earned over $300 million throughout his in-ring career, but in May last year claimed he was broke but happy with his position in life.

He said: "I'm totally destitute and broke. But I have an awesome life, I have an awesome wife who cares about me. I'm totally broke. I had a lot of fun. It just happened.

"I don't deserve to have the wife that I have; I don't deserve the kids that I have, but I do, and I'm very grateful."