Welcome to the world, Miss Valentina Paloma Pinault.

Congratulations to Salma Hayek & her fiance, Francois-Henri Pinault on the newest addition to their family!

Actress and producer Salma Hayek, 41, and her fiance, PPR CEO François-Henri Pinault, 45, have welcomed their first child together. The birth of daughter Valentina Paloma was announced this evening by the actress’ rep — however, no details were released except to say,

“Mother and child are doing well.”

Salma was rumored to have checked into Cedars-Sinai in Los Angeles early this morning.

The new baby joins François, 9, and Mathilde, 5 1/2, François-Henri’s two children from a previous relationship. The couple announced in March that they were engaged and expecting.

Can you imagine the loot this li’l girl is going to have growing up?  She’s the daughter of a fabulous clothes horse & CEO of luxury goods company PPR SA, which owns high-end labels such as Gucci, Yves Saint Laurent, Balenciaga & Puma.

I can’t ever catch a break.

JK

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