By Sandra Rose  | 

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Rihanna and A$AP Rocky's baby boy is already worth $1.4 billion, bypassing Kylie Jenner and Travis Scott's children on the Hollywood rich babies list.

Rihanna, 34, and A$AP, 33, welcomed their first child, a boy, on May 13 in a Los Angeles hospital.

It is estimated that the newborn is worth $1.5 billion USD based on his parents' combined net worth.

According to PEOPLE, Rihanna and her newborn are resting at her home in Los Angeles. A$AP moved in with her after the police raided his rental property following his arrest at LAX Airport on April 20.

"Rihanna is doing well. They are very excited to be parents. Rihanna is already a wonderful mom," said PEOPLE's source.

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The wealthy baby bypasses Kylie Jenner's second child, a boy named Wolf, by her boyfriend, rapper Travis Scott, 31. They also share daughter Stormi. Both children will split their mother's fortune.

Travis lost about half of his net worth after 10 fans were crushed to death at his Astroworld music festival in Houston last November.

The rapper faces over $1 billion in lawsuits and owes millions in attorney's fees to a team of lawyers.

Adding to his woes is the fact that he can't find work due to the tragedy hanging over his head.

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Second on the rich babies list are Kanye YE West and Kim Kardashian, whose four children will split their net worth of $3.2 billion USD ($800 million each).

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Coming in third are Jay Z and Beyonce, whose 3 children - Blue Ivy, 10, and 4-year-old twins Sir and Rumi will share their combined net worth of $1.6 billion (about $533 million each).

Jay Z is also rumored to have 2 outside children, who will not share his fortune.