Merivale billionaire Justin Hemmes, 52, is expecting his first baby with girlfriend Madeline Holtznagel, 27 – after having two children with his ex-partner

Justin Hemmes is set to become a father again as he is expecting a child with his girlfriend Madeline Holtznagel, it has been revealed.

The Merivale billionaire, 52, and his girlfriend, 27, are in the early stages of pregnancy and have already informed their family and friends of their jovial baby news.

Justin already shares two daughters Alexa, six, and Saachi, five, with his ex-model Kate Fowler – sister of Georgia Fowler – while it will be Madeline’s first child.

Sources close to the couple confirmed the exciting news with Ny Breaking Australia, and they are said to be ‘over the moon’ about their growing family.

Ny Breaking Australia has contacted Justin and Madeline’s reps for comment.

Madeline is the younger sister of Australian model Simone Holtznagel, who welcomed her first child, a daughter named Gia, with her now ex-boyfriend Jono Castano in March.

In his first sighting since the news broke, hotelier Justin appeared to be in good spirits when he was spotted on a bike ride in Sydney on Friday morning.

The businessman smiled as he rode his bike through the suburbs, cutting a smart figure in a white shirt and cream linen trousers.

He stayed comfortable in a pair of gray sneakers and put safety first as he wore a black helmet during his relaxing bike ride in the sun.

Justin and Madeline quietly started seeing each other in 2019, a year after his debut on the Financial Review Rich List with an estimated net worth of $951 million – which has since risen to $1.39 billion.

Justin is regarded as Australia’s hospitality king with over 80 locations and billions in assets with names such as the Ivy, Queen Chow, hemmesphere and Establishment under his purview as CEO of Merivale.

Although they generally keep their romance under wraps, the couple is often seen disembarking from his seaplane after their luxury family vacation with his two daughters.

In August, Madeline also made a rare public post about Justin when she shared an Instagram post celebrating his 52nd birthday.

She shared a series of romantic snaps of the pair on her Instagram page and gushed over her partner in a sweet caption.

In one adorable photo, Madeline flashed a big smile as she sat on Justin’s lap as he looked at her lovingly.

In his first sighting since the news broke, hotelier Justin appeared to be in good spirits when he was spotted on a bike ride in Sydney on Friday morning.

Another romantic image showed the couple cuddling up as they relaxed on a yacht.

Madeline wasn’t afraid to show the couple’s playful side by sharing a third photo that showed the pair hammering away for the camera in tennis gear.

“Happy birthday my love,” she wrote in a caption along with rose emoji.

Earlier this year, Madeleine celebrated her 27th birthday with a lavish party at Justin’s sprawling Vaucluse estate.

After the festivities, Madeline revealed on Instagram that her loving partner also bought her two llamas as a token of his love.

The couple has gone from strength to strength since going public in 2019 and even sparked engagement rumors last June.

Eagle-eyed fans noticed Madeline was wearing a ring on her wedding finger while wondering if Justin had popped the question.

One photo showed her wearing the jewelry as she cuddled up to Justin as they enjoyed a bowl of Udon noodles together at a restaurant in Japan.

But the bling appeared to be a turquoise dress ring, and another photo showed her wearing a different ring on the same finger as she posed for a selfie.