Her little heiress has arrived!

Nicky Hilton gave birth to daughter Lily Grace Victoria early this morning in New York City, ET reports. This is the socialite's first child with husband James Rothschild.

The fashionista and the British banking heir tied the knot in London last July, and announced they were expecting in January.

"I’m so excited for the baby. She’s going to be such a beautiful little girl, and I can’t wait to meet her," auntie Paris told Us Weekly back in May.

This little one was certainly born into a life of luxury!