Richard Gere, 69, and Alejandra Silva, 35, welcomed their first child together late last week in New York

Almost two decades after the birth of his first child, Richard Gere is a dad again.

The Chicago actor, 69, and his wife Alejandra Silva, 35, welcomed their first child together, a baby boy, late last week in New York, his rep confirms to PEOPLE.

Gere shares 19-year-old son Homer James Jigme with ex-wife Carey Lowell, while Silva is also mom to a 6-year-old son named Albert from a previous marriage.

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Richard Gere and Alejandra Silva
| Credit: Gabriel Maseda/NurPhoto via Getty

Gere and Silva had known each other for over a decade before they first began dating in 2014. In April, a source close to the couple told PEOPLE they married “weeks and weeks ago” and are “extraordinarily happy.”

“They’re so comfortable with each other, have fun together and are looking forward to their future together,” the insider revealed of Silva and the Pretty Woman actor.

Credit: Carlos Alvarez/Getty

The couple married at Gere’s estate in Pound Ridge, New York — with several Tibetan monks in attendance (Gere is Buddhist and one of son Homer’s middle names, Jigme, is a Tibetan name).

After news of their marriage broke, a film source who has known Gere for years told PEOPLE he “has been much happier in this half of his life because he is settled, confident and doing what he likes.”

Richard Gere and Alejandra Silva

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Silva revealed her pregnancy news on Instagram in September, posting a photo showing the Dalai Lama blessing her baby bump.

“We couldn’t announce it before telling HH Dalai Lama☺️,” added the Spanish businesswoman and activist.

While the couple kept mostly low-key throughout Silva’s pregnancy, they stepped out together in Madrid in late October, looking casual with Gere in a navy blazer, pinstriped scarf, gray shirt and baseball cap. Silva showed a hint of her baby bump in a gray maxi dress, chambray shirt and light-pink sneakers.